First Title History
A leading nationwide title company is born: First Title
1997 – First Title & Escrow opens its doors, operating with a staff of three and servicing the Maryland, Virginia, and the District of Columbia.
2000 – First Title & Escrow begins developing vendor networks outside of the DC metro area and implements its first major expansion—17 additional states, for a total national footprint of 20 states. In order to accommodate the increased business, First Title moves to a new headquarters location in Rockville, Maryland. First Title also launches an early version of its web-based ordering and closing platform, which offers title, closing and appraisal management services.
2001 – On the heels of a successful expansion the year before, First Title & Escrow expands its national footprint 14 more states, bringing the total to 34 states nationwide.
2003 – In addition to becoming licensed in three additional states, First Title launches a new web platform and transaction management system, introducing the nation’s first ever Instant HUD-1, Title Endorsement Express Module, Virtual Transaction Dashboard, and Title Insurance Calculation system providing exact costs in 37 states. To complement these expansions, First Title introduces flood determination, automated valuation, and credit reporting services, in addition to their traditional title, closing, and appraisal management services.
2006 – First Title & Escrow integrates into the Calyx Software platform to provide its first-ever Instant HUD-1 service into the Calyx Point platform. Users at the origination stage are able to instantly receive a HUD-1 at order placement through Calyx’s Software’s XML Services Ordering Interface.
2007 – First Title integrates into Ellie Mae’s Encompass platform to provide the nation’s first pre-GFE access to instant and exact title, closing, recording, and transfer taxes nationwide. First Title & Escrow also partners with a regional foreclosure firm to launch a new REO Title and Closing Services agency, Streamline Title, which services lenders, banks, servicers and both Fannie Mae and Freddie Mac. First Title also sets a milestone in the REO space by managing the auction of over 300 Fannie Mae-owned properties in Orlando, Florida.
2008 – First Title & Escrow closes its first multi-hundred unit Co-Op to Condominium Conversion project. To accommodate increased business in the national lending space, First Title & Escrow opens another servicing center in Birmingham, Michigan. First Title also opens a title and closing division servicing the conversion of Co-op to Condominiums.
2009 – First Title integrates into the Gallagher/WIPRO NetOxygen and Integra Destiny Loan Origination Platforms to facilitate order and product delivery, and deliver instant pre-GFE access to exact title, closing, recording, and transfer taxes nationwide.
2010 – First Title opens another servicing center in Richmond, Virginia.
2011 – First Title expands service and affiliate partnerships to include all 50 states and the District of Columbia. First Title also partners with Wingspan Portfolio Advisors and the WREN Network to exponentially streamline the short-sale process nationwide.