Industry Newcomer Opens Doors to National Headquarters – The Title Report

By July 25, 2010 Company News No Comments

A new underwriter to take to the market opened the doors to its national headquarters in Lake Oswego, Ore. With 200 employees and plans to operate in 40 states before the end of the year, the company is planning to use the current market to grow rapidly.

Williston Financial Group and its wholly owned subsidiary, WFG National Title Insurance Co., opened their national headquarters in Lake Oswego, Ore. WFG is currently licensed and operating in 33 states nationwide. The company is a full-service provider of title insurance and real estate settlement services for lender, commercial and residential transactions.

WFG President and CEO Patrick Stone said that the company is dedicated to taking time and cost out of real estate transactions. Much of this will come from focusing on the client and its processes. By enabling client processes, WFG expects to increase closing rates. And by minimizing corporate infrastructure, WFG aims avoid operating a costly hierarchical organization. Finally, Stone noted that WFG will take a collaborative approach to expediting the real estate transaction, empowering agents and industry professionals with information and technology.

In fewer than six months, WFG has already hired about200 employees nationally and the company plans to continue its growth.

“We will be growing rapidly, as it is the most opportune time in the market’s history to make cost-effective acquisitions. Moreover, the real estate settlement services industry has become internally focused, creating a disconnect with clients forced to adjust to a challenging market dynamic,” Stone said.

He added that WFG should have offices or agents in more than 40 states before the end of the year.

“We already retain some of the best and most experienced people in the industry,” he said, “and are actively processing a significant number of real estate transactions on behalf of our clients nationwide.

Stone pointed out that the WFG logo consists of three “C’s” — communication, collaboration and co-existence.

“We stress communication, seek opportunities for collaboration and do not exist without our clients”

Stone is an industry veteran who spent eight years with Fidelity National Financial Inc. as its president, chief operating officer and director. He also was the chief executive officer of Fidelity National Information Systems. He also was the vice-chairman of Metrocities Mortgage and served as a director for The First American Corp. prior to founding WFG.

He is a frequent speaker at a wide variety of industry conferences and appeared June 15 at October Research Corp.’s National Settlement Services Summit, hosted by The Title Report. For more on his session during the event, see the June 28 print edition of The Title Report.

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