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SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

Fidelity scores piece of LendingTree

November 14, 2002

Becomes second largest voting shareholder with 3.6 million shares of common stock

Inman News Features

An early investor of LendingTree has sold a portion of its preferred stock holdings in a private sale to three companies wholly owned by Fidelity National Financial.

Fidelity bought 1.84 million shares of LendingTree's series A 8 percent convertible preferred stock from Specialty Finance Partners, an affiliate of Capital Z Financial Services Partners. The preferred shares are convertible into 2 million shares of LendingTree's common stock.

Upon closing of the transaction, Fidelity beneficially owns a total of 3.6 million shares of LendingTree common stock, or 12.4 percent of the total voting stock in the company, making it the second largest holder of voting stock.

Capital Z, a private equity investor, remains LendingTree's largest shareholder and continues to beneficially own 4.4 million shares of common stock, or 15.4 percent of total voting stock.

LendingTree (NASDAQ: TREE) is an online lending exchange that connects consumers, lenders, real estate agents and related service providers.

Fidelity National Financial is a title insurance and diversified real estate related services company.

Copyright: Inman News Service

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