Homebuilder Ventures into Title Space

December 30, 2014

 Just four months after merging with another homebuilder, TRI Pointe announced the launch of TRI Pointe Solutions, made up of TRI Pointe Connect and TRI Pointe Assurance, a suite of home buyer services that will provide support throughout the closing process.

TRI Pointe Connect, formed as a joint venture with imortgage, will provide mortgage related services, while TRI Pointe Assurance, a wholly owned TRI Pointe, will act as a title agency for First American Title Insurance Co.

In September, TRI Pointe merged with theWeyerhaeuser Real Estate Company (WRECO), which operates as five distinct home building companies (Pardee Homes, Quadrant Homes, Winchester Homes, Trendmaker Homes and Maracay Homes).  

“Following the merger with WRECO, we turned our attention to executing several key incremental income initiatives to capitalize on the company’s expanded operations,” said TRI Pointe’s President and Chief Operating Officer Tom Mitchell. “These new mortgage and title services are the beginning of the added value that we anticipate from our diversified platform.”

TRI Pointe Assurance will first launch with Trendmaker Homes in Houston providing title services and will expand to several other markets in the near future.

“As a national underwriter, First American is pleased to work with TRI Pointe because we share a common focus on delivering a positive closing experience to new home buyers,” said Joseph S. Tavarez, president of First American Title Insurance Company’s Homebuilder Services division.

TRI Pointe Connect will be launched across all TRI Pointe brands by mid-2015, but will start with Quadrant Homes in the Puget Sound market, where a preferred lender relationship with imortgage has already been established. imortgage offers underwriting and closing services to support customers’ needs.

"It has been an honor to work with Quadrant Homes and align our respective cultures to the benefit of homebuyers,” said Dean Bloxom, president of imortgage. “To expand the partnership across all six of TRI Pointe’s brands marks an exciting and momentous accomplishment for our companies, and our pledge to continue to provide excellent service to all our customers.”

Contact ALTA at 202-296-3671 or communications@alta.org.