Berkshire Hathaway Affiliate Joins Title Coverage Underwriting JV with Centerbridge and Realogy

DALLAS, Could 3, 2022 /PRNewswire/ — Title Means Team (“TRG” and the “JV”), 1 of the nation’s top title insurance underwriters, currently announced that HomeServices of America (“HomeServices”) is attaining a minority stake in TRG. Fiscal terms have been not disclosed. HomeServices, an affiliate of Berkshire Hathaway, is the nation’s premier residential genuine estate enterprise, centered on shut transactions.

(PRNewsfoto/Title Resources Group)

(PRNewsfoto/Title Resources Team)

HomeServices is signing up for TRG’s other big shareholders, Centerbridge Companions, L.P. and Realogy Holdings Corp., in participating in the JV. The expanded roster of joint undertaking companions will be instrumental in accelerating TRG’s mission and progress as the title underwriter constructed for the real estate field.

“HomeServices of The us is a prolonged-time, valued purchaser of TRG, and we are thrilled to welcome them as a significant shareholder to our joint enterprise. We glimpse forward to doing the job with their group to grow our collaboration in the months and yrs forward, further more accelerating our progress,” mentioned Scott McCall, president and CEO, Title Assets Group.

“Our strengthened partnership with Title Means Team more improves the capacity of HomeServices’ sales associates to provide clientele with a 1-prevent browsing technique to delivering the American desire of homeownership,” stated Gino Blefari, CEO, HomeServices. “We are thrilled to be a part of this joint enterprise with Scott McCall and his crew, as well as our other partners at Centerbridge and Realogy.”

“We are pleased to husband or wife with HomeServices of The usa on this compelling JV,” reported Kevin Mahony, running director at Centerbridge. “The investment decision in TRG by its extended-time purchaser validates the shiny prospects for the enterprise, and we are thrilled about the strategic added benefits of growing the romance. HomeServices’ viewpoint and track history of accomplishment will be invaluable as we shape and execute TRG’s expansion and worth creation plan together.”

“The ongoing financial investment in TRG’s potential is a effective endorsement of Realogy’s strategy to unleash the underwriter’s advancement potential and reinforces our self confidence in the exciting option of this company,” explained Ryan Schneider, CEO and President, Realogy.

About Title Resources Group (TRG)
Title Resources Team – the underwriter constructed for the real estate business – is just one of the nation’s major title coverage underwriters, in accordance to the American Land Title Association’s 2021 marketplace share information. A joint enterprise with Centerbridge Partners, L.P. and Realogy Holdings Corp., TRG serves title coverage agents in 37 states and the District of Columbia. With $163 million in liquid belongings at 12 months-conclude 2021, its economic strength and stability are rated A’ (Unsurpassed) by Demotech, Inc., and B++ (Fantastic) by AM Very best Ranking Companies, and due to the fact its inception, the organization has consistently operated profitably without having a web functioning loss in any fiscal 12 months. With a mission to offer educated and responsive underwriting solutions, TRG is dedicated to increasing lifelong associations and retaining high-quality by integrity and economic stability. For additional information, please check out www.titleresources.com.

About HomeServices of The usa
HomeServices of The us, Inc., as a result of its running organizations, is the nation’s major household authentic estate enterprise centered on closed transactions and is a leading company of homeownership expert services, which include brokerage, mortgage, franchising, settlement, home and casualty insurance plan, relocation services and a lot more. HomeServices of The usa is the owner of the Berkshire Hathaway HomeServices and True Dwelling Genuine Estate residential authentic estate franchise networks. HomeServices is owned by Berkshire Hathaway Energy, a consolidated subsidiary of Berkshire Hathaway Inc. For much more data go to www.homeservices.com.

About Centerbridge Associates, L.P.
Centerbridge Associates, L.P. is a personal expense administration firm utilizing a versatile tactic across expenditure disciplines — personal fairness, credit and true estate — in an hard work to produce the most interesting prospects for our buyers. The Business was started in 2005 and as of February 28, 2022 has approximately $33 billion in money beneath management with offices in New York and London. Centerbridge is devoted to partnering with globe-class management teams across qualified sector sectors and geographies. For far more information and facts, make sure you go to www.centerbridge.com.

About Realogy Holdings Corp.
Realogy (NYSE: RLGY) is relocating the authentic estate field to what is actually upcoming. As the major and most built-in company of U.S. residential authentic estate providers encompassing franchise, brokerage, relocation, and title and settlement businesses as effectively as a house loan joint undertaking, Realogy supported somewhere around 1.5 million household transactions in 2021. The company’s assorted model portfolio includes some of the most acknowledged names in serious estate: Superior Residences and Gardens® Actual Estate, CENTURY 21®, Coldwell Banker®, Coldwell Banker Commercial®, Corcoran®, ERA®, and Sotheby’s Worldwide Realty®. Using modern know-how, data and advertising and marketing merchandise, substantial-good quality direct era systems, and finest-in-class studying and help products and services, Realogy fuels the productiveness of its close to 196,700 independent profits brokers in the U.S. and approximately 136,700 unbiased gross sales brokers in 118 other nations around the world and territories, assisting them create stronger businesses and most effective serve today’s consumers. Recognized for eleven consecutive many years as a person of the World’s Most Ethical Corporations, Realogy has also been specified a Wonderful Spot to Work four yrs in a row, named one particular of LinkedIn’s 2022 Top Corporations in the U.S., and honored on the Forbes checklist of World’s Finest Employers 2021. For far more data, please take a look at www.realogy.com.

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