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""Bay National Title Company"":http://www.baytitlecompany.com/, a Florida-based firm formerly known as Bay Title & Escrow, recently announced the acquisition of ""Criterion National Real Estate Solutions"":http://www.criterionrealco.com of Jacksonville, North Carolina.
[IMAGE]Bay National offers national title insurance and settlement services to clients throughout the real estate services industry, including REO and default professionals, national lenders, and real estate agents. The company's primary focus is in the distressed property sector, with about 90 percent of its business concentrated in REO, default, short sales and deed in lieu services.
[COLUMN_BREAK]Criterion National Real Estate specializes in providing tailored workflow solutions to meet the needs of clients in the REO and foreclosure niche. The company is a full-service title agency, providing both residential and commercial services.
Bay National says the acquisition represents an ""exciting increase in both market share and intellectual capital"" for its team.
The management of Criterion has been retained by Bay National. Craig Simpson joins Bay National as the national sales manager, after holding the same title at Criterion. Jeremy Solomon has been named Bay National's new business process director and vendor manager. He previously served as president of Criterion.
""We are very excited about this merger,"" said Bay National CEO Evan Grimm. ""The Criterion team adds significant skills and national experience to the Bay National team, allowing us to rapidly expand our services to meet the needs of our clients.""
Grimm says in addition to this merger, Bay National's recent licensing campaign means the agency can offer its clients a one-stop shop for all of their title insurance and settlement services needs nationwide.
