Posted on 12 Apr 2011
One of the nation’s largest title-insurance agencies, Titleserv, closed its doors Friday, according to employees.
“We are considered officially closed,” said a woman answering the company’s main telephone line and identifying herself as an employee. She would not comment further.
Another woman answering the sales line also said the company was closed. She offered no details and it is unclear what, if any, operations are being settled. Company representatives for Long Island-based Titleserv couldn’t be reached for comment.
Brian Tormey, executive vice president with competitor TitleVest, said his company is receiving requests to fill Titleserv’s title order and lien-search transactions, which caused employees to work through the weekend.
Titleserv was founded in 1986 and operates in 47 states, according to its website.