“I own a profitable title company. Nothing can go wrong.” ― Delusional Title Company Owner The title industry is fraught with challenges. Some of these are ‘transactional’ (since every deal is a contingent liability) and some are ‘business’ (the wolf is always at the door). These obstacles do not have......Continue reading
We’ve Always Done it This Way
Complacency is the enemy of innovation. Remember Blackberry? Blockbuster? Kodak? It’s so easy to maintain the status quo and just let things run on their own. Evolving your business model, while tough, is fundamental to staying competitive. The saying “If it ain’t broke, don’t fix it” is outdated. A better......Continue reading
The Future of AMCs
AMCs are navigating considerable headwinds these days. With fast changing technology, rising client expectations, stricter regulations, and downward pressure on margins, the future is by no means certain. Inevitably, some AMCs will succeed and grow, while others are imperiled. We at Turk and Co are seeing a lot of confused......Continue reading
What Buyers Want: Part Three – The Business of People
Dear Industry Colleagues, The title industry is changing fast. Many of you have felt the turbulent impact of new methodologies, consolidations, and expectations. Just when you think you’ve got it all figured out, things shift. Today’s Buyers are increasingly sophisticated. They often come with a whole different perspective than what......Continue reading
What Buyers Want: Part Two
Dear Industry Colleagues, Because Turk & Co represents many buyers and sellers of title companies, we gain unique perspectives and understanding that others may not. We believe in sharing this practical insight because it can significantly enhance the success of any title company, whether they plan to sell or not.......Continue reading
What Buyers Consider When Evaluating a Title Agency: Business Mix
In response to the challenges facing the title industry today, we are initiating a series of blogs written with the intent of helping independent title agencies position themselves for success in a M&A process. This is the first blog in the series, and will review business mix. Understanding and aligning......Continue reading
Challenges Facing Today’s Title Industry
WARNING: This article contains radical candor not customary in business By Howard Turk As if the high interest rate/low transaction volume storm facing the title industry was not enough, we are now grappling with headwinds stirred by politically motivated government agencies. My perspective on these challenges is unique, having witnessed......Continue reading
Are ‘roll ups’ candy bars?
Title Agency Mergers and Acquisitions By Howard Turk A title agency mergers and acquisitions ‘roll up’ can mean many things. It could be a candy bar (you’re better off eating an apple) or it could refer to a phrase commonly used in the context of Mergers & Acquisitions. There are......Continue reading
The Independent Title Agent Survival Guide: Sales Rep Edition
The Independent Title Agent Survival Guide: Sales Rep Edition Part 1 Why? Why is a powerful word. A lifetime of building title companies, evaluating title workflows, and now buying and selling title companies has taught me to embrace the power of asking why. It’s always a good idea to consider......Continue reading
The Independent Title Agent Survival Guide – Part 2, Underwriter Edition
I’ve been told I tend to oversimplify things. Perhaps, but experience has taught me that underneath all that complexity there is almost always something quite simple. As an independent title agency owner, your business will spend more on Underwriter remittances than on any other single entity. Who you choose to......Continue reading