Title Source Inc. Completes Acquisition of TransUnion Title And Escrow Of California

January 23, 2008

TROY, Mich., -- Title Source Inc, one of the nation's largest title and settlement services providers, has acquired TransUnion Title and Escrow of California.

This will enable Title Source to offer a full complement of title services in the Southern California counties of San Diego, Los Angeles, San Bernardino, Riverside, Orange and Ventura.

Title Source has been providing closing and escrow services in California through its subsidiary, TSI Escrow, Inc, for the past four years and will soon be able to provide title insurance throughout all 58 California counties with additional government approval.

“The acquisition of TransUnion Title and Escrow of California is a tremendous opportunity for Title Source to expand its business in one of the largest real estate markets in the country,” said Title Source President Jeff Eisenshtadt.

“We've provided closing and escrow services in California for several years and the acquisition of TransUnion Title and Escrow now gives us the opportunity to offer a complete solution to lenders and consumers in California,” he added

"We’re excited to enter this market at a time when many of our lender clients and California consumers are seeking competitive alternatives,” Eisenshtadt concluded.

Title Source will also enter the South Carolina and Texas markets in the first half of 2008.

Source: Title Source, Inc.