Greater Illinois Title Forms National Title Services Group
June 17, 2014
Greater Illinois Title Co. (GIT), a Chicago-based real estate information services provider, formed a new division called the National Title Services Group (NTSG) to streamline its growing national business through a separate business unit.
NTSG will provide new opportunities for out-of-state residential and commercial title business development and will provide full service title insurance and settlement services for real estate transactions nationwide.
Greater Illinois Title currently operates through a network of subsidiary companies including Greater Indiana Title Co., Greater Wisconsin Title Co., GIT Michigan Title Services, Greater Illinois Survey Co., Greater Illinois Tax Deferred Exchange Corporation and Real Info LLC. Greater Illinois Title and its subsidiary title companies offer title insurance policies underwritten by Chicago Title Insurance Co. and Old Republic National Title Insurance Co.
The NTSG will be headed by Guy Lundstrom, senior vice president. Lundstrom is a 30-year industry veteran and will be assisted by Vice President Dan Hyma, a 25-year industry veteran. NTSG will coordinate commercial title clearance, commercial escrow closing matters and commercial underwriting decisions for GIT’s expanding national business. Lundstrom and Hyma will manage operational work flow and grow the Group’s national footprint.
“With GIT’s thriving national business, utilizing nationwide resources and providing a single point of contact for national business will be best served by the NTSG,” said Gregory Kosin, president of Greater Illinois. “Guy and Dan, as well as the GIT commercial group are well respected in the industry and well regarded for understanding complex commercial real estate transactions. They will be skillful and knowledgeable resources to customers of the NTSG.”