Community Title Network acquires The Settlement Group, expands into Northern Virginia
Company’s acquisition provides foundation to expand brand throughout Metropolitan Washington, DC Region
KENSINGTON, MD ( June 4, 2019 ) — Community Title Network, LLC, (CTN) a full service title and settlement services provider, announced the acquisition of The Settlement Group, a title agency conducting title and settlements services and headquartered in Burke, VA. The agency operates four offices throughout the Northern Virginia region, providing title and settlement services with its professional staff of twenty employees.
“This is a significant move for our company as it increases our market presence in the Metropolitan Washington Region with the acquisition of a highly-recognizable organization, whose team enjoys an excellent reputation in the local marketplace,” stated Michael C. Ridgway, President of Community Title Network. “Tremendous synergies exist between the two agencies as we merge this group into our family of companies.”
The acquired agency was co-founded in January, 2000 by Myrna Keplinger, the company’s operating principal. Since its formation and based on its focus on customer service, the agency has grown to become one of Northern Virginia’s leading title agencies.
“We have been successful for almost 20 years by focusing on integrity, proficiency and reliability,” explained Myrna Keplinger, who will remain as Manager of The Settlement Group and focus on growth of the agency in the Northern Virginia market. “We are looking forward to becoming part of a larger organization which can help us leverage the technology investments required in the title industry, not only today but looking toward the future. This implementation and focus on technology will only improve our customer service and help us grow more effectively. We are looking forward to enhancing the professional services we have provided for the past 2 decades. “
“The strength of their agency lies with their people and their dedication to their customers.” Ridgway added. “By integrating improved technologies and workflow, together we will position ourselves to be industry leaders in customer service. We have also created an innovative platform for smaller agents who want to join us, so they focus on sales and customer service while we handle the core administrative operations of the business.”
About Community Title Network
Community Title Network, a subsidiary company to Community Closing Network, LLC, acquires “best in class” title agencies serving local markets throughout the Eastern United States and assists agency leadership by providing enhancements in technology, removing the burden of administrative functions in the field, all while bringing to bear innovative workflow processes. These enhancements provide agency leaders with the tools and resources to effectively and efficiently grow their revenues and net profits post acquisition while embracing and implementing regulatory and compliance requirements.
Community Title Network is focusing its initial acquisition efforts in the Mid-Atlantic region and will expand into other areas of the Eastern United States.
For more information on Community Closing Network, LLC and its subsidiary and affiliated companies, including Community Title Network, LLC, visit www.ccnetllc.com .