Mother Lode Launches New Texas Operation
April 11, 2017
For the first time in its 16-year history in Texas, Mother Lode Holding Company is opening retail branches branded as Texas National Title in several markets beginning in April.
David Tandy will lead the operations.
“We are proud to launch Texas National Title, our newest endeavor, and pleased to bring David Tandy into our MLHC family to continue to serve the great state of Texas,” said Marsha A. Emmett, Mother Lode Holding’s chairman of the board and CEO. “David is an excellent leader and embodies our intense focus on employees-first and foremost.”
In July 2016, MLHC named Tandy president and CEO of Texas National Title (TNT), a wholly owned subsidiary of MLHC. Tandy has served the real estate community for more than 35 years. Previously, Tandy served as the CEO of Gracy Title, a Stewart company, where he led the direct operations for the Austin and surrounding metro market title operations.
In 2000, MLHC opened its office in Sugarland under the National Closing Solutions (NCS) brand. For the past 16 years, this office has supported title production and closing functions for MLHC’s centralized national lender operations for refinance transactions, as well as reverse mortgages under the Premier Reverse Closings (PRC) brand.
“I am excited to launch Texas National Title,” said Tandy. “I have felt for a long time that there is a place for a large, well-capitalized independent agent in Texas. Due to consolidation and legal and regulatory pressures, so many agents have been acquired by publicly traded companies and underwriters. Looking at today’s landscape, we are pretty much down to small, mom and pop agents or publicly held title companies.”
Tandy continues, “I was looking for something in the middle – a company with the capabilities and resources of a large national operation, but the flexibility, local control, and employee orientation of an independently owned and operated company. MLHC is one of the largest agents in the country, with more than 800 employees. Yet, it retains and fiercely defends its culture of placing its employees first.”
Contact ALTA at 202-296-3671 or firstname.lastname@example.org.