We are pleased to announce that Brandi Jensen, LPO/Escrow Closer has made the choice to join our escrow team in Lynnwood. With over three decades of escrow experience, she brings tremendous care, experience and insight to every closing for our clients and partners.
19020 33rd Avenue W Suite 550
Lynwood, WA 98036
About Brandi Jensen
Brandi is locally grown from Monroe, WA and has called Snohomish County home for her entire life. She has worked in the escrow industry for 33 years and has cultivated a thriving career as the escrow industry has grown and changed. She has closed a wide variety of transactions including residential, commercial, mobile homes, forest land, agricultural, wraps, assumptions, and more. Brandi has three grown children and 13 grandchildren. She enjoys spending her free time hiking, biking, kayaking, golfing, and boating with family.
Please join us in welcoming Brandi Jensen to the Ticor Title family!
Ticor Title is a member of the Fidelity National Financial family of companies and the nation’s largest group of title companies and title insurance underwriters that collectively issue more title insurance policies than any other title company in the United States.
Title Operation Performance
Our title business finished the third quarter of 2018 with solid results, as we generated adjusted pre-tax title earnings of $297 million, and an adjusted pre-tax title margin of 15.6%. Our adjusted pre-tax title earnings represented a $10 million, or 3.5%, growth over the third quarter of 2017.
Commercial Real Estate Overview
Our commercial operations continued their solid performance with third quarter total commercial revenue of $271 million, an 8% increase over the third quarter of 2017. This was driven by a 16% increase in total commercial fee per file, offset by a 7% decrease in closed commercial orders. Third quarter total commercial orders opened increased by 1% compared to the prior year.
Residential Real Estate Overview
Residential purchase opened orders increased by .3% and closed orders decreased by 1% in the third quarter versus the same quarter of 2017. In addition, the mix of business trend towards purchase transactions was sustained in the third quarter, with purchase business accounting for 69% of opened and 71% of closed orders.
Strong Focus on Metrics into Fourth Quarter
Moving into the seasonally slower fourth quarter of 2018, we remain focused on our operating metrics and executing our business plans to maximize our profitability and strive to remain the most profitable title insurance company in the nation.
Excludes Discontinued Operations. All Figures in US dollars. Source: FNF 10-Q
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