Timios Obtains California Firm
May 22, 2012
Timios Inc., a national title and escrow company licensed to conduct business in 40 states and the District of Columbia, recently acquired privately held Glenn County Title Co. (GCTC).
The transaction is pending approval from the California Department of Insurance.
“I am excited to announce our entry into the California market with the acquisition of GCTC,” said Trevor Stoffer, CEO of Timios. “GCTC has an excellent history of dedication to their customers. We look forward to leveraging our technology service model to expand and support their clients.”
Located in Willows, Calif., GCTC has serviced businesses and residents in Glenn County, Calif., since 1891. Timios provides various products and services to banks, direct mortgage companies and mortgage servicing companies through utilizing advanced technology in a paperless operating system.
“We are excited to partner with Timios, Inc. and bring new technology and services to our highly valued clients within Glenn County, California,” said Richard Thomas, president of GCTC.
A former Maryland Congressman, McMillen served three consecutive terms in the U.S. House of Representatives from the 4th Congressional District of Maryland.
“This acquisition is our first step in allowing us to begin to serve the California market which will expand our coverage area and continue to grow our revenue,” said C. Thomas McMillen, CEO of Homeland Security Capital. “California is the largest title and escrow market in the country and we are pleased to start the process of offering our services in this market.”