Portland, OR – June 23, 2010 – Williston Financial Group and its wholly owned subsidiary, WFG National Title Insurance Company, have opened their national headquarters in Lake Oswego, Oregon. 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.
Additionally, WFG National Title Insurance has established a new Oregon Division, with six offices in the Portland metropolitan area. Under the direction of Cindy Tucker, the Oregon Division provides title and escrow services to facilitate real estate closings in Multnomah, Washington and Clackamas Counties.
WFG President and CEO Patrick Stone is headquartering the new company in Portland for three reasons. First, Portland has a large population of highly skilled and educated people seeking professional positions. To date, WFG has hired over 80 employees for its headquarters and local division, and anticipates adding significantly to that total over the next twelve months. Second, the company’s senior management team is familiar with the regional market. The team intends to use its long-standing relationships in the market to stay current with issues and opportunities faced by their client base. Finally, Portland offers WFG a location where its headquarters can closely associate with a producing operating subsidiary to facilitate innovation and operating enhancements.
Stone notes that the company plans aggressive growth nationally, which will benefit the Portland area as well. “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 points 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 no stranger to the settlement services and mortgage lending industry. He completed a lengthy and distinguished career with underwriting giant Fidelity National Financial by serving eight years as its president, COO and director, and was also the CEO of Fidelity National Information Systems. He has also been the Vice Chairman of Metrocities Mortgage and served as a director for First American Corporation prior to founding WFG.
Stone indicates that WFG will continue its plans to grow, and that it should have offices or agents in over forty 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.”
About WFG National Title Insurance Company
WFG National Title Insurance Company, a Williston Financial Group Company, is a national provider of premium title insurance and settlement services to the real estate and mortgage industry. The company also delivers a wide variety of residential and commercial mortgagelender services, including default and real estate owned transactions. The company enjoys a Financial Stability Rating of A’ (A prime) as assigned by Demotech, Inc. Built around thedirective to “communicate, collaborate, coexist,” WFG National Title Insurance Company is committed to applying a new philosophy to the traditional mortgage and real estate industry, taking the time and cost out of real estate transactions in order to best meet the changing needs of its clients, agents and associates. For more information, please go to www.WillistonFinancial.com.
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