LandAmerica Info1 Acquires Far West Credit and CommCo Credit Increases Western U.S. Presence
|February 4, 2004|
Richmond, Virginia ? LandAmerica Financial Group, Inc. (NYSE: LFG), a provider of real estate transaction services, through its subsidiary Info1 Holding Company, Inc. (Info1), has purchased Far West Credit in Salt Lake City, Utah, and CommCo Credit in Orange, California. With this move, LandAmerica Info1, the nation's fourth largest mortgage credit reporting company, further increases its presence in the Western United States.
Barton Taylor founded Far West Credit over nine years ago. Since then it has become one of the fastest growing providers of innovative credit solutions in the region. Far West's executive leadership combines over 86 years of industry experience. Taylor will continue serving Far West Credit following the acquisition and focus on business development. He is also a Board member and former two-term President of the National Association of Independent Reporting Agencies (NCRA). ?We're excited to be part of a company with an incredibly strong service ethic and market presence like LandAmerica,? says Taylor. ?It's a great opportunity for Far West Credit and our customers.?
CommCo Credit has served the mortgage industry with reliable credit reporting solutions for over a decade. Its executive leadership combines over 35 years of mortgage lending experience. ?By joining the LandAmerica family, we have enhanced our ability to keep pace in a rapidly evolving industry and, most importantly, to continue delivering the highest quality of service,? says CEO Brad Barlow. ?This is truly a ?win-win' for everyone involved and an exciting time for CommCo and our customers.?
?Both Far West Credit and CommCo Credit share our corporate values and core philosophy of providing superior service,? says Ken Goins, President - LandAmerica Info1. ?These acquisitions are important steps in achieving LandAmerica's vision of becoming the premier provider of real estate transaction services.?
Source: LandAmerica Financial Group, Inc.