Security Service Federal Credit Union, a $9.6 billion institution based in San Antonio, has formed a new subsidiary, Security Service Title Company, in order to offers title insurance and settlement services for mortgage and other real estate transactions.
Security Service Title Co., which is open to Security Service FCU members as well as the general public, has 13 trained staff members who share decades of experience in providing title insurance and settlement services. From residential refinances to complex commercial transactions, the credit union noted, Security Service Title Co. works with all parties (credit union members and non-members) to make the closing process “professional, efficient and timely.”
Security Service Title Co. offers services throughout Texas and plans to expand into Colorado and Utah.
“We created the Security Service Title Company to provide our residential and commercial clients and their realtors with a level of service excellence our credit union is known for,” said Jim Laffoon, president and CEO of Security Service FCU in a statement. “By choosing Security Service Title, our clients gain access to an expert staff who are highly motivated to exceed their expectations and to build a reputation as the ‘go to’ title company in the markets we serve.”
Charles Goss, executive vice president/chief lending officer of Security Service FCU, said that the new subsidiary will speed up the lending process “for our clients allowing shared ownership and accountability between our lending and title entities.”