Texas National Title
12946 Dairy Ashford Rd., Suite 130
Sugar Land, TX 77478
David Tandy, President and CEO
FOR IMMEDIATE RELEASE
Mother Lode Holding Company Launches Texas National Title
Parent company of Placer Title expands into the Lone Star State
AUSTIN, TEXAS (April 3, 2017) – Mother Lode Holding Company (MLHC), one of the largest independent title agencies in the West, announced today significant expansion of its Texas operation. For the first time in its 16-year history in the state of Texas, MLHC will be opening retail branches branded Texas National Title in several Texas markets beginning in April 2017 under the direction of industry veteran, David Tandy.
“We are proud to launch Texas National Title, our newest endeavor, and pleased to bring David Tandy into our MLHC family to continue to serve the great state of Texas,” said Marsha A. Emmett, Chairman of the Board and CEO. “David is an excellent leader and embodies our intense focus on employees-first and foremost.”
In July of 2016, MLHC hired David Tandy to be the President and CEO of Texas National Title (TNT), a wholly owned subsidiary of MLHC. Tandy has served the real estate community for more than 35 years. Previously, Tandy served as the CEO of Gracy Title, a Stewart company, a national underwriter, where he led the direct operations for the Austin and surrounding metro market title operations.
In 2000, MLHC opened its office in Sugarland under the National Closing Solutions (NCS) brand. For the past 16 years, this office has supported title production and closing functions for MLHC’s centralized national lender operations for refinance transactions, as well as reverse mortgages under the Premier Reverse Closings (PRC) brand.
“I am excited to launch Texas National Title,” said Tandy. “I have felt for a long time that there is a place for a large, well-capitalized independent agent in Texas. Due to consolidation and legal and regulatory pressures, so many agents have been acquired by publicly traded companies and underwriters. Looking at today’s landscape, we are pretty much down to small, mom and pop agents or publicly held title companies.”
Tandy continues, “I was looking for something in the middle – a company with the capabilities and resources of a large national operation, but the flexibility, local control, and employee orientation of an independently owned and operated company. MLHC is one of the largest agents in the country, with more than 800 employees. Yet, it retains and fiercely defends its culture of placing its employees first.”
Tandy elaborates, “Looking at the history of MLHC, they have always been people driven. This drew me to the company. They believe in finding like-minded people who are the best in our business, much like my own leadership beliefs. Founder, Leo French, summed up this approach by saying we hire the best people we can find, ask them to take good care of each other, and then we get out of their way! Texas National Title plans to carry on this leadership tradition in spades.”
TNT is initially exploring opportunities in the Austin, Houston, San Antonio, and the Dallas-Fort Worth markets, with plans to continue expansion in Texas. TNT’s first branch will open in Austin in April 2017 with several other locations to open shortly after, along with locations in other soon-to-be-named cities.
About Mother Lode Holding Company
Mother Lode Holding Company (MLHC) provides title insurance, underwriting and transaction support services to the nation's real estate industry. With the founding of its principal subsidiary, Placer Title Company in 1973, Mother Lode has since expanded outside of its original California market to provide title, escrow and title-related products and services throughout the United States. Mother Lode continues to extend its commercial and residential services by empowering talented, innovative people to make the decisions necessary to satisfy customers on the spot and by utilizing technology that delivers measurable improvement of service to the end users – our customers. For more information, visit http://www.placertitle.com.
About Texas National Title
Texas National Title (TNT) is a wholly owned subsidiary of Mother Lode Holding Company (MLHC), one of the largest independent agents in the U.S. TNT is committed to bringing the best service to the Texas real estate industry. TNT specializes in providing residential, commercial, and builder/developer title and escrow services. TNT believes in building partnerships with the local communities and clientele, and handling each transaction with precision and care. Compassion, integrity and accountability are the foundation of the company. For more information, visit http://www.texasnationaltitle.com.