Old Republic Title and Qualia Form a Cutting-Edge Tech Alliance

Old Republic Title and Qualia's Strategic Partnership

Old Republic National Title Holding Company, a prominent name in the title insurance sector, has teamed up with Qualia Labs, Inc., a leader in digital closing solutions. This alliance aims to reshape the future of technology in the title industry, enhancing service efficiency and value for both clients and agents alike.

In today’s fast-paced environment, technology is fundamental for executing secure and seamless real estate transactions. Carolyn Monroe, the President and CEO of Old Republic Title, emphasizes the importance of this partnership by noting that embracing technological advancements has been pivotal throughout the company's 117-year history. Monroe states, "As technological innovations accelerate within our industry, partnering with Qualia will significantly elevate the experience we offer our agents and insureds. Taking advantage of Qualia's expertise will pave the way for improved solutions tailored to evolving market demands."

As part of their collaborative efforts, Qualia will take over the RamQuest and E-Closing platforms previously owned by Old Republic Title. This strategic move is set to enhance Qualia's existing title production capabilities, which Old Republic Title plans to leverage for benefiting their direct division and affiliated agents.

"Collaborating with Old Republic Title, a long-established leader in real estate technology, excites us immensely," expresses Nate Baker, CEO of Qualia. He further elaborates that the merger of forces will position Old Republic Title favorably in light of the anticipated AI advancements in the industry. Baker envisions a large-scale partnership bringing substantial long-term advantages not only to both companies but also to their shared customer base and the title insurance industry at large.

Old Republic Title is recognized as one of the largest title insurance groups across the United States, with its underwriters including Old Republic National Title Insurance Company formed in 1907, and American Guaranty Title Insurance Company established back in 1899. Since 1992, Old Republic Title has consistently outperformed its peers in financial strength ratings. The organization boasts a vast network of over 270 branches and subsidiaries, along with around 8,000 independent authorized policy-issuing agents.

Qualia, on the other hand, is celebrated for revolutionizing the closing process for real estate transactions through its comprehensive digital platform. This system facilitates title, escrow, real estate, and mortgage lending professionals in creating a seamless experience for millions of homeowners annually. The platform furnishes a secure record-keeping framework for the real estate settlement process, integrating workflow, accounting, reporting, and collaborative tools to streamline operations.

Both companies aim to leverage their strengths collaboratively to offer innovative solutions that will meet the dynamic needs of the real estate industry. By combining Old Republic Title's extensive experience with Qualia’s advanced technology, they are setting a new benchmark for efficiency and customer satisfaction within a historically complex market.

In conclusion, this partnership represents a forward-thinking approach to the title and closing industry. As technology continues to evolve, the collaboration between Old Republic Title and Qualia sets the stage for a transformed landscape in the title insurance sector, promising a brighter future for clients, agents, and the industry as a whole.