Choice Homes Forms First Subsidiary
|November 4, 2004|
Announces an Alliance With Alamo Title, Fidelity National Title, Parent FNF
ARLINGTON, TX--(MARKET WIRE) -- Steve Wall, President and CEO of Choice Homes, has announced the formation of Choice Homes' first subsidiary, CHI Title Group, LP, and an agreement with Fidelity National Title Insurance Company and Alamo Title Company whereby Alamo and Fidelity will close transactions sent to them by CHI Title Group in a joint title services agreement. Fidelity and Alamo are subsidiaries of Fidelity National Financial (NYSE:FNF - News). The agreement is for Choice Homes Texas operations only.
"By creating CHI Title Group, we are furthering our efforts to offer yet a higher level of service to homeowners," said Mr. Wall. "Choice Homes prides itself on exceptional customer service and satisfaction," he continued, "and this is just another way to streamline the home buying process and bring us one step closer to our homeowners."
Through this venture, Choice Homes joins the ranks of the majority of home building companies by having a proprietary title company.
Fidelity National Financial and its subsidiaries are based out of Jacksonville, Florida. CHI Title Group headquarters is in Houston and is wholly owned by Choice Homes, which is located in Arlington, Texas. CHI Title Group has both operating and agency agreements with Fidelity and Alamo.
"We examined many title companies and determined that Fidelity National Title Insurance Company and Alamo Title Company offer the service and product to fit our needs," said Mr. Wall. "We have a lot of first time home buyers, so we try to make what can be a daunting experience as simple and seamless as possible."
Source: Choice Homes