History of Fidelity National Title Insurance Company

Fidelity National Title INSURANCE COMPANY

1848 Western Title Insurance Company (now Fidelity National Title Insurance Company of California) traced its origin to C.V. Gillespie (founder), a notary public and searcher of records in San Francisco.

1906 At the time of the San Francisco earthquake and fire, employees of Western Title Insurance Company and their wives were credited with saving the title plant and other valuable records of the company.

1920 The original Western Title Insurance Company was formed.

1961 Fidelity National Title Insurance Company (FNTIC), a Nebraska corporation, received a certificate of authority and began doing business in Nebraska.

1980 FNTIC acquired the assets of a small underwriter in Tucson, Arizona. It was at this time that the Company's current principals were first affiliated with FNTIC.

1981 FNTIC, with agency operations in the Arizona counties of Maricopa and Pima, was purchased from CIGNA. FNTIC was ranked 48th in the country among title insurance companies with revenue of $6.2 million. Corporate offices for FNTIC were moved from Denver, Colorado, to Scottsdale, Arizona.

1984 Controlling interest of FNTIC was sold to Fidelity National Financial, Inc. ("Fidelity" or the "Company"), its present holding company. William P. Foley, II, became President and Chairman of the Board.

1985 The Securities and Exchange Commission approved the sale of Fidelity's stock to the employees of its various subsidiaries. Fidelity became the nation's first and only employee-owned title insurance underwriter. 1987 Fidelity began trading on the American Stock Exchange under the symbol FNF. Fidelity Acquired Western Title Insurance Company. Fidelity moved corporate headquarters from Scottsdale, Arizona, to Irvine, California.

1989 Fidelity acquired Western Title in Portland, Oregon. Fidelity purchased an El Paso-based title agency, which represented Fidelity's first direct title operation within the state of Texas.

1991 Fidelity established Premier Lenders, a concept unique to the title industry. All title work for lenders in the California counties of Los Angeles, Orange, Riverside, San Bernardino and San Diego is performed out of one regional office.

1992 Fidelity began trading on the New York Stock Exchange under the symbol FNF. Fidelity acquires Meridian Title Insurance Company, and Security Title and Guarantee Company, expanding Fidelity's direct operations base to include Florida, Michigan, Missouri, New Jersey, New York, North Carolina, and Pennsylvania.

1993 Fidelity completed its acquisition of Agency Sales and Posting, Arizona Sales and Posting, Inc. and Pente Enterprises, Inc.

1994 Fidelity acquired ACS Systems, Inc., a computer software development company to enhance FNTIC's electronic data interchange through the development and marketing of its trust, escrow and title related software.

1995 Fidelity acquires Western Title Company of Washington, creating the opportunity to expand direct operations into Washington. Fidelity acquires the accounts receivable and the book of business of World Title Company, formerly in conservatorship. Fidelity acquires 100% of the stock of World Tax Service... enhancing its market position in California. 1996 ACS unveiled ExpressNet (now FlexNet), an integrated solution for electronic commerce between back office systems and external service providers, realtors and lenders. Fidelity acquired Nations Title Inc, 8th largest title underwriter in the United States, made FNTIC the 4th largest title underwriter in the U.S. and doubled the existing agency base. Fidelity acquired Alliance Home Warranty (now Fidelity Home Warranty) Fidelity acquired CRM, now Fidelity Tax Service

1997 FlexNet™, Fidelity National Lender Express Network, is established as the single source through one interface for bundled services to include title and escrow, tax, credit, flood, foreclosure appraisal, document and recording, and electronic commerce services. Fidelity acquired First Title Corporation, a title company with offices throughout the southeastern United States. Fidelity acquired three credit reporting companies Ifland Credit Services, Credit Reports, Inc., and Classified Credit Data, Inc. All three have been merged and operate as Fidelity National Credit Services, Inc. Fidelity acquired Bron Research, Inc., a flood certification company headquartered in Austin, TX. which now operates as Fidelity National Flood, Inc. Fidelity acquired Express Network, Inc., a provider of attorney services such as courier, messenger, courthouse filing, process serving, investigation and reprographics.

1998 Fidelity acquired Granite Financial, Inc., an industry consolidator in the small-ticket lease financing market Fidelity sold wholly-owned subsidiary ACS to Micro General, Inc. ACS provides software, systems integration and telecommunication services to small to medium size businesses in the real estate industry. FNTIC merged with Alamo Title, the ninth largest title insurer in the United States. As a result FNTIC is now the second largest underwriter in Texas. Fidelity formed RealEC.com, the first multiple title underwriter alliance for electronic commerce. Fidelity and Stewart Title are the founding and initial members. It is designed to be an open electronic commerce network to order and deliver essential real estate information services in the real estate transaction process.

1999 FNF, through Micro General, sponsored and financed a new interest transaction intermediary company called Escrow.com. FNF announces its plan to acquire Chicago Title Corp. and its title insurance subsidiaries - Chicago Title, Ticor Title and Security Union Title, thus creating the world's largest title insurance organization.

2000 FNF completes its acquisition of Chicago Title Corp., creating the largest title insurance organization in the world. FNF moved into its new corporate headquarters in Santa Barbara, California. FlexNet and Chicago Title's CastleLink operation are merged to form Fidelity National Lender's Solution - the single solution for mortgage products and services. Copyright © 2006 Fidelity National Title Insurance Company. All Rights Reserved. Privacy | Webmaster

 

 

 

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