Title Industry Tech Guru Retires After 30 Years

June 21, 2016

Al Verkuylen, executive vice president of title and escrow strategy for ServiceLink, retired from the industry on June 15 after spending more than 30 years focused on title and closing, credit reporting, flood certification and automated valuation.

“On behalf of ServiceLink and the Originations Title and Close division, I would like to thank Al for his dedication to ServiceLink and the memorable contributions he has made to the company,” said Mike Kula, division president of Originations Title and Close for ServiceLink. “We wish Al all of the best on his well-deserved retirement.”

Before retiring, Verkuylen was responsible for leading the strategic direction for the company’s title and escrow business. Prior to joining ServiceLink, Verkuylen held a dual role at Lender Processing Services (LPS) as a senior vice president, title and closing executive, and as chief operating officer for LSI Title Company, part of the LPS family of companies. He managed the P&L responsibility for the centralized title and closing company with revenues exceeding $300 million annually and was responsible for domestic and offshore operations, product development, project management, strategy and execution.

Verkuylen also served as the chief strategy officer for LSI Title, where he directed the company’s origination product strategy, execution of product and technology projects, and development of new business opportunities.

In 2002, he leveraged his business and technical knowledge to lead the invention and delivery of the AQUA Title Decisioning and Workflow System, a technology platform utilized in the production of more than 2.5 million title transactions through 2013.

Verkuylen originally joined Fidelity National Financial Inc. (FNF) in 1998 and has worked in business development, sales management and new product development roles. Prior to joining FNF, he also worked as a vice president and general manager for First American CREDCO, where he had P&L management of newly acquired businesses serving the property management industry. He also was responsible for the development of background check products, integration of systems and property management platforms.

During his 30 years working the settlement services industry, Verkuylen found that technology and innovation have had a profound impact on the products offered. He believes innovation will continue to improve the borrower experience, enhance quality and reduce costs.

“Today, we are at the beginning of a new ‘millennial’ era where consumers will engage electronic on-line settlement services that will be engineered utilizing more data and artificial intelligence that allow the user to apply, interact, review and close a loan from their device,” Verkuylen said. “I encourage settlement service companies to go out and embrace this new era.”

Contact ALTA at 202-296-3671 or communications@alta.org.