Chronos Solutions has announced the acquisition of Commerce Title and Closing Services LLC from parent company Ten-X LLC. The acquisition broadens Chronos Solutions’ title and settlement services offerings and significantly increases the company’s presence in California, one of the nation’s most dynamic title insurance markets. According to Chronos Solutions CEO Matt Martin, the acquisition of Commerce Title expands Chronos’ ability to deliver title and settlement services on a wide scale, especially in California, where the group has an extremely strong presence. Its high-performance platform will be integrated into Chronos Solutions’ flexible technology suite as well.
“Commerce Title is fully licensed to perform title work throughout California, making it a natural fit for Chronos Solutions,” Martin said. “With this acquisition, we deepen the resources we can offer to our clients, as well as becoming even more flexible to our clients’ needs. Commerce Title’s historical emphasis on client service, innovation and flexibility align perfectly with the Chronos strategy and business model, and we believe our customers will appreciate the additional resources we will now be able to make available to them on the title and settlement services side of the transaction.”
This marks the third acquisition for Chronos Solutions since early 2015. In January 2015, the firm acquired Realtybid.com, an online real estate auction marketplace. In December 2015, Chronos Solutions announced the acquisition of Cogent Road, a credit, verification and origination technology-based business. Martin notes that Realtybid.com has already grown and thrived under Chronos’ ownership.
“Our acquisitions are carefully selected to complement our unique approach to real estate finance services,” Martin said. “Our ability to deliver multiple service offerings and scale to meet the needs of a business of any size are what have led to our success. The acquisition of Commerce Title will only strengthen the depth and breadth of our suite of services.”
