HomeServices of America has increased its ownership stake in Dallas-based title insurance underwriter Title Resources Group.
Minnesota-headquartered HomeServices of America is a Berkshire Hathaway affiliate and one of the nation’s largest residential real estate companies based on closed transactions. No financial details were released.
“We are excited to deepen our relationship with Title Resources Group and other partners at Centerbridge, Anywhere and Opendoor,” HomeServices CEO Gino Blefari said in a statement. “Our partnership has already created value for our operations. We look forward to continuing our collaboration and the positive impact we will have on the industry over the years to come.”
Title Resources Group President and CEO Scott McCall said the increase ownership stake will benefit his company.
“The team and I are thrilled about HomeServices of America’s decision to increase its ownership stake in our company. Our expanded relationship with HomeServices of America speaks volumes to the value we create for our customers and our best-in-class solutions. As the underwriter built for the real estate industry, we are excited to expand our relationship with HomeServices of America and their family of market-leading real estate companies,” McCall said in a statement.
In addition to HomeServices of America, TRG’s other major shareholders include Centerbridge Partners LP, Anywhere Real Estate Inc., and Opendoor Technologies Inc.
Title Resources Group is one of the nation’s largest title insurance underwriters, according to the American Land Title Association’s 2022 market share data. TRG serves title insurance agents in 37 states and the District of Columbia.
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