Texan Title Holdings, LLC

Background

Texan Title Holdings, LLC, established in 2009, is a Texas-based parent company overseeing a network of independent, locally operated title agencies. With 28 offices licensed across 57 Texas counties, the company is dedicated to delivering professional title services with a personal touch. Its mission is to support the success of every real estate transaction, regardless of property location, by leveraging a team of experienced real estate attorneys, title examiners, escrow officers, and underwriters throughout Texas.

Key Strategic Focus

Texan Title Holdings emphasizes:

Comprehensive Title Services: Offering a full suite of title insurance and settlement services tailored to the unique needs of the Texas real estate market.

Local Expertise with Statewide Reach: Combining local knowledge with a broad operational footprint to serve diverse client needs effectively.

Flexibility in Underwriting: As independent title agents, the company has the capability to write title insurance for multiple underwriters, including its own, ensuring efficient and smooth transaction closures.

Financials and Funding

Texan Title Holdings is a privately held company. As of 2023, it generates an estimated annual revenue of approximately $12.2 million, with about 15 employees across all locations.

Its subsidiary, Texan Title Insurance Company, reported the following financials:

As of September 30, 2024:

Net Admitted Assets: $19,220,972

Policyholders Surplus: $10,661,228

Net Income After Taxes: $2,370,994

Direct Premiums Written: $33,955,285

As of December 31, 2023:

Net Admitted Assets: $17,603,347

Policyholders Surplus: $9,432,648

Net Income After Taxes: -$244,076

Direct Premiums Written: $44,272,336

As of December 31, 2022:

Net Admitted Assets: $15,343,846

Policyholders Surplus: $8,349,216

Net Income After Taxes: $1,441,489

Direct Premiums Written: $67,051,008

Pipeline Development

Texan Title Holdings has expanded its portfolio through strategic acquisitions, including:

Prominent Title LLC: Acquired in June 2015, enhancing the company's presence in Austin, Texas.

Longhorn Title Company: Serving Georgetown and Taylor, Texas, this addition further solidified the company's footprint in the state.

Technological Platform and Innovation

The company utilizes advanced title and escrow software systems to streamline operations, ensuring efficient and accurate processing of title insurance and settlement services.

Leadership Team

Patrick F. Doyle: President

Over 25 years in the title industry; founded South Land Title in 1995.

Jessica Carper: Senior Vice President & Controller

Over 20 years of accounting experience; Certified Public Accountant.

Jeff Adams: General Counsel & Secretary

Over 20 years of legal experience; background in accounting and financial analysis.

Brandon Linscomb: Senior Vice President, Chief Title Officer & Legal Counsel

More than 20 years in the title industry; expertise in compliance oversight.

Todd Purifoy: Chief Information Officer

Since 1994 in the IT industry; leads IT initiatives for the company.

Carolyn Sunseri: Vice President of Administration & Assistant Secretary

With the company since 2000; oversees administrative functions and public relations.

Julie Johnson: Vice President of Audit & Compliance

Over 35 years in the title industry; leads audit and policy departments.

Kelly Boozer: Vice President of Escrow Support

Over 30 years of experience; leads the Escrow Support Team.

Tonya Darr: Vice President of RamQuest Support & Escrow Training

29 years in the title business; provides support and training for escrow operations.

Leadership Changes

In 2023, Texan Title Insurance Company appointed Mike Karger as Underwriting Counsel, bringing nearly 50 years of industry experience to the team.

Competitor Profile

Market Insights and Dynamics

The Texas title insurance market is competitive, with numerous local and national players. The state's robust real estate market drives demand for title services, presenting opportunities for growth and consolidation.

Competitor Analysis

South Land Title Company: Estimated annual revenue of $17.7 million with 118 employees. Operates primarily in the Houston Metroplex.

Southern Texas Title Co: Estimated annual revenue of $32.8 million with 199 employees. Licensed in 44 Texas counties, offering a broad service area.

Strategic Collaborations and Partnerships

Texan Title Holdings collaborates with multiple underwriters, including its subsidiary Texan Title Insurance Company, to provide flexible and efficient title insurance solutions.

Operational Insights

The company's strategy of acquiring established local title agencies allows it to combine local expertise with the resources of a larger organization, providing a competitive advantage in the Texas market.

Strategic Opportunities and Future Directions

Texan Title Holdings aims to continue its growth through strategic acquisitions and partnerships, enhancing its service offerings and expanding its presence across Texas.