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photo credit: SimplySchmoopie
Americans are known for their ambition and resourcefulness. Its always good to hear of a company breaking into a market thats tough to get into. Lake Oswego, Ore., based WFG National Title Insurance Co. aims to join the ranks of the big four title insurers before the end of the decade. WFG has grown by leaps and bounds by acquiring other companies and is now the home of nearly 200 employees. We need this type of ambition in our current market.
Speaking of ambition, WFG was licensed to do business in 33 states six months after they launched. They plan to be in more than 40 states by the end of the year.
Patrick Stone, president and CEO of WFG stated "The market is very underserved in the sense that the industry has not changed or adapted to market-driven changes that Realtors and lenders have had to adapt to. There's an opportunity for a new player to come in and be client oriented and use technology to replace hierarchical management structures. I think there's tremendous potential to be a fairly significant player in a five- to seven-year window."
We have all heard the rhetoric of this administration and their cronies talk about capitalism being such a bad thing, but capitalism is nothing more than people taking responsibility for them selves and taking action, versus waiting for the government to take care of them. We still like to hear about people taking action and doing well, epically in todays market.
Read the full story from Inman News
Posted on July 26, 2010 14:46:34 by Scott.Shields
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