Diversified Adopts TransUnion's Name, Strong Industry Reputation
January 10, 2006
ANAHEIM, Calif.-- Four companies recently acquired by TransUnion from Diversified Holdings Corporation today began operations as part of TransUnion's expanding real estate services division. The companies will now operate as TransUnion Title & Escrow of California, Inc. (formerly Diversified Title & Escrow Services Company), TransUnion Title Insurance Company (formerly Diversified Title Insurance Company), TransUnion Exchange Corporation (formerly Diversified Exchange Corporation) and TransUnion Reverse Exchange Corporation (formerly Diversified Reverse Exchange Corporation).
Settlement Solutions, the real estate services division of TransUnion. "We are committed to our business partners and customers in this market as well as to promoting a positive image for title insurance underwriters and agents among the state's homeowners."
TransUnion's entry into the market will increase competition among California's title insurance underwriters, continuing the trend of making the services more economical for consumers. "As a relatively small underwriter, Diversified has historically been a low-cost provider of title insurance and escrow services," said Joe McCabe, vice president of TransUnion Title Insurance Company. "With TransUnion's vast resources, we are now in a better position to reinforce and expand this message to provide superior value, better service levels and expanded coverage to California consumers."
TransUnion plans to expand the recently acquired companies' footprints, particularly in the Southern California resale market, through measured growth. It also will establish a dedicated lender services division that through TransUnion's national network of title agents can handle real estate transactions throughout California and the entire U.S. "TransUnion is in a unique position to package our title insurance and escrow services with other settlement solutions to help California realtors and lenders streamline their operations and close more real estate transactions faster and at a potentially lower cost to the benefit of the consumer," concluded Oxley.