""Title Alliance, Ltd."":http://www.titlealliance.com , headquartered in Media, Pennsylvania, announced on Wednesday that it has acquired America Land Title Affiliates, LLC.
America Land Title Affiliates is made up of a group of Realtors in the Akron, Ohio area, each producing over $2 million per year. The company has been in business since 2004 and has been profitable since inception.
Nancy D. Warner, COO of Title Alliance, said, ""We are pleased to add such a high caliber joint ventured operation to our portfolio of companies. We are confident that their success will continue throughout the coming years.""
""Title Alliance"":http://www.titlealliance.com specializes in structuring and administering joint-ventured title agencies with banks, credit unions, mortgage brokers, and Realtors. The company has been forming single and multi-state title ventures since 1983, and to date has established 85 such enterprises. The company explained that its title affiliated business arrangements are compliant with state laws and the Real Estate Settlement and Procedures Act (RESPA). Since 2001, Title Alliance says its partners have earned more than $12.5 million in RESPA-compliant dividends, with capture rates exceeding 80 percent for many of its affiliate operations.