Old Republic Title and Qualia Forge New Tech Alliance
Old Republic Title and Qualia Forge New Tech Alliance
Technology acquisition and co-development partnership will deliver transformative value to Old Republic Title technology customers and agents, as well as the Qualia ecosystem.
Old Republic National Title Holding Company, also known as Old Republic Title, has announced an exciting strategic partnership with Qualia Labs, Inc. This collaboration signifies a transformative step toward innovating the title industry through technology. By partnering with Qualia, known for its advancements in the digital closing experience, Old Republic Title aims to enhance service delivery for its many clients and stakeholders.
"Technology plays a crucial role in ensuring smooth, secure real estate transactions," commented Carolyn Monroe, President and CEO of Old Republic Title. "With a rich history of 117 years in the industry, we have continually sought ways to streamline the process of real estate transfers. Our collaboration with Qualia is expected to elevate the experience for both our agents and clients. This partnership reflects our commitment to leveraging Qualia's expertise in a fast-evolving technological landscape while drawing on Old Republic Title's leadership in the field."
As part of this partnership, Qualia will take over Old Republic Title's RamQuest and E-Closing platforms. This transition will enhance the capabilities of Qualia's title production services, which Old Republic Title will utilize across its divisions to better support agents and customers.
Nate Baker, CEO of Qualia, expressed enthusiasm for the partnership, stating, "Old Republic Title is a pioneer in real estate technology, and we are thrilled to work alongside their leadership. We believe that this collaboration will position Old Republic Title as the title insurer best equipped to embrace the upcoming wave of artificial intelligence and lead the technological evolution in our industry. Together, we are building a long-term partnership that will deliver significant advantages to our companies, customers, and the broader real estate sector."
About Old Republic Title
Old Republic Title Insurance Group, Inc. is a major player in the title insurance market, comprising numerous companies that offer title and related services. With a legacy beginning in 1907, Old Republic Title has established itself as one of the largest title insurance groups in the nation. Their chapters of success include the robust offerings from its underwriters, the Old Republic National Title Insurance Company and the American Guaranty Title Insurance Company. Remarkably, since 1992, this company has consistently maintained higher overall financial-strength ratings than any competitor in the industry.
Old Republic Title boasts an extensive national presence, featuring over 270 branch offices and approximately 8,000 independent, authorized policy-issuing title agents. The company operates as a subsidiary of Old Republic International Corporation, a renowned entity in insurance, recognized as one of America's largest shareholder-owned businesses. For more details, please visit their website.
About Qualia
Qualia is revolutionizing the digital closing process for title, escrow, real estate, and mortgage professionals. Their intuitive platform enhances the home buying and selling experience, ensuring security and simplicity for millions of homeowners each year. By offering a comprehensive suite of tools for workflow management, accounting, reporting, and collaboration, Qualia establishes a secure system within the real estate settlement landscape.
Headquartered in San Francisco, CA, with additional offices in Austin, TX, and Superior, CO, Qualia is dedicated to improving the closing process. Their platform continues to expand in functionality and service integrations to meet the evolving needs of their clientele.
Frequently Asked Questions
What is the main purpose of the partnership between Old Republic Title and Qualia?
The primary aim of the partnership is to enhance technological offerings and improve the overall efficiency and effectiveness of real estate transactions for clients and agents alike.
What platforms will Qualia acquire from Old Republic Title?
Qualia will acquire the RamQuest and E-Closing platforms from Old Republic Title, which will bolster its title production services.
Who are the key executives involved in this partnership?
Carolyn Monroe, President and CEO of Old Republic Title, and Nate Baker, CEO of Qualia, are the prominent figures representing each company in this collaboration.
How long has Old Republic Title been in the industry?
Old Republic Title has been serving the real estate market for 117 years, earning a reputation for reliability and innovation.
What unique services does Qualia offer to its users?
Qualia provides a digital closing platform that includes workflow management, accounting solutions, and secure collaboration tools tailored for the real estate ecosystem.
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