Kensington National Land Services merges with Vanguard Title AgencyMortgagePress.comKensington National Land Services, Vanguard Title Agency, merger, title insurance, Kensington Vanguard National Land Services
In a move that brings two of the title insurance industry's
leading, privately-held companies together, Kensington National
Land Services and Vanguard Title Agency have merged to create
Kensington Vanguard National Land Services, LLC, one of the largest
and most prominent title insurance agencies in the country. The
70-person firm is headquartered in Midtown Manhattan. The
announcement of the merger was made by Brian Cooper and Jarett
Fein, co-chief executive officers and principals of Kensington
Vanguard National Land Services (KV National Land).
"At a time when many in our industry are cutting back, we feel
now is the time to combine resources and invest in the creation and
growth of KV National Land, a superior platform to support an
ever-expanding roster of the most prestigious local and national
clients," Fein said. "Brian and I recognized right at the onset
that our different, yet complementary companies share common
perspectives, values and business philosophies centered on
professionalism, service and efficiency. We also share a vision of
how together we can create the perfectly balanced company, capable
of handling all client and transaction types on a local and
national basis."
KV National Land offers a full suite of national title,
settlement, escrow and 1031 Exchange services for transactions
across all real estate asset categories, from office buildings,
hotels and development projects, to individual homes, condominiums
and new construction. Prior to the merger, Vanguard specialized in
New York commercial and high-end residential transactions. Vanguard
underwrote several billion dollars worth of insured transactions
annually, written on the largest and most respected title insurance
companies in the world. The firm was involved in such transactions
as the sales of 5 Times Square and 650 Madison Avenue among many
others. Kensington was recognized as a leader in servicing high
volume national lenders handling over 10,000 new orders annually in
addition to its involvement in large commercial transactions such
as the acquisitions of The Helmsley Building and 1440 Broadway.
"With this merger we have created an exciting and dynamic
vehicle providing unparalleled service to an extremely diverse
client base. While we are both proud of the respective companies we
built, together we have an even more powerful organization with
which to attract industry leading legal, underwriting and
operational talent," Mr. Cooper said. "KV National Lands legal
expertise, best-in-class technology, national platform and foremost
commitment to personal service makes our clients the real winners
here."
Mr. Fein and Mr. Cooper emphasized that their greatest strength
comes from the renowned team of experienced professionals that make
up KV National Land's legal and underwriting departments. "We
employ some of the best and brightest talent in the industry
today," Mr. Fein said, pointing to Joseph Friedman Esq., who over
his 50-plus year career has come to be known as the "Dean of Title
Insurance." Mr. Friedman will serve as senior executive vice
president and chief underwriting counsel for the new firm. Rounding
out the strong leadership are Executive Vice Presidents Bob Audette
and Marc Israel, who are recognized for their extensive business
knowledge, key relationships and excellent reputations in the
industry.
"Our clients have come to expect more from us," Mr. Cooper said.
"Because our legal and underwriting departments have such an
intricate and in-depth understanding of the more complex and
technical aspects of the business, we bring a consultative approach
to every transaction in order to avoid the possibility of pitfalls
and legal issues that may not be apparent from the initial
evaluation of the title work."
Mr. Cooper added that KV National Land will also continue to be
known for the efficiency, service and attention to detail with
which it produces its work product and responds to client needs no
matter the size or scope of the transaction. In addition to its
large, dedicated and highly-trained service professionals, KV
National Land has invested in the development of the most advanced
and comprehensive software systems. This proprietary system
includes an online customer platform that allows clients real time
access to their pipeline account with industry-leading use and
functionality.
For more information, visit www.kvnational.com.
