Title Resources Guaranty Company operates, by choice, exclusively through carefully selected independent agents. We are actively seeking quality agents both in those states where we do business and in those states where we plan to do business in the near future. We have no minimum remittance level, because we know we can earn your business through unsurpassed service. We thrive on both residential and commercial business. We don't compete with our agents; we send them all referrals and encourage them to refer transactions to each other. We are successful only when our agents succeed in closing and insuring the transaction, so we focus on facilitating that primary goal.
Corporate Structure/Management Philosophy: Title Resources Guaranty Company was founded in 1984 by a group of title insurance agency owners for the purpose of providing better service to independent title insurance agents. Today, we still compete on that basis - service to agents. We are a privately held corporation owned by a small number of investors, each of whom is either a title insurance agent or a former owner of a title insurance agency. Our management team has many years experience in the industry and remains actively involved in local, state and national professional and trade organizations assuming leadership roles in the ALTA and in several state land title associations. We are committed to the use of state-of-the-art technology and constant personal contact with our agents. Mission statement
Growth: The company has grown year-by-year by constantly remaining profitable from operations in both up and down real estate cycles. We have grown in size by retaining most of our earnings. All of our investments are conservative and look more to conservation of capitol, liquidity and reduction of taxes as opposed to either rapid growth or high income.
Area of Operations: Title Resources presently issues title insurance policies through independent agents in Arizona, Colorado, New Mexico and Texas. We reinsure risks in most other states.
Nature of Policies: Title Resources utilizes only promulgated forms and coverages in New Mexico and Texas. In all other states, we offer ALTA policy forms and in Arizona, we also offer LTAA forms. The vast majority of our business is residential; however, we do insure commercial transactions on a regular basis.
Policy Limits and Reinsurance: Title Resources utilizes the statutory retention limits of each state as its maximum retention limits and has no fixed internal self-imposed limit. We consider retention levels and reinsurance amounts on a case-by-case basis on every transaction of $1,500,000 or more. We utilize the ALTA Facultative Reinsurance Agreement to cede risk to other companies as directed by our customers or selected by our staff. We do not take credit for reinsured risks against our statutory reserves, preferring to have "excess" reserves.
Copyright 1996, Title Resources
Guaranty Company
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Last modified by EF on May 15, 2006