US-based First American Title Insurance Company has announced that its strategic markets division has been integrated into its core operating divisions nationwide, making its multicultural title and settlement services available to customers through First American's regional title operations.
First American said that with the new integrated strategic markets structure, it will be in a position to extend its reach into the rapidly growing national multicultural real estate market which, according to US Census reports, is expected to realize the highest rate of homeownership growth over the next five to seven years.
Landon Taylor, president of the strategic markets division, will leave the company at the end of September 2008 to launch a national television broadcasting network that targets multicultural consumer market segments. First American’s strategic markets business initiatives will be led by Maria Valentin, vice president of strategic markets in the southwestern region, and by Jessica Verduzco, vice president of strategic markets in the eastern region.
Parker Kennedy, CEO of the First American Corporation, said: Landon is an excellent executive and proven leader. He’s done a fantastic job of building our strategic markets business from the ground up and we are now positioned to take our strategic markets business to the next level for First American and our customers.