Advantage Title Inc. and Title365 Inc. holding company Experience 1 Inc., announced that retired Lender Processing Services (LPS) executive
Eric Swenson has become the company’s chairman of the board.
Swenson is one of the nation’s most experienced real estate, title insurance, and mortgage industry executives, having recently served as co-chief operating officer for LPS, a multi-billion dollar technology and services provider to the mortgage industry. Swenson led the company’s origination, default and mortgage information and data businesses, including its title insurance operations, before retiring in 2011.
Prior to that, Swenson held the position of executive vice president of Fidelity National Information Services Inc. (FNIS), and division president of the mortgage information and outsourcing businesses. Swenson was instrumental in the substantial growth of both companies, achieved through organic growth, targeted acquisitions and the development of specialized mortgage industry products and services.
This is just the latest of big announcements from the Advantage Title/Title365 team, which just debuted new capabilities for the Title365 platform.
“I couldn’t be more thrilled about Eric Swenson’s appointment as our chairman,” said Michael Tafoya, chief executive officer for Experience 1. “He is a highly respected and proven executive with extensive business experience, a broad understanding of the mortgage technology industry, and strong management, operations and governance skills that will be incredibly valuable to Advantage Title, Title365 and our customers.”
Swenson’s professional experience covers a span of more than three decades and a wide array of businesses from entrepreneurial successes with start-up companies to prominent real estate and mortgage industry positions. He joined Fidelity National Financial (FNF) in March 2000 when FNF purchased Chicago Title Insurance Co. where Swenson was executive vice president of the Southern California Region. During his tenure at FNF, Swenson held several executive positions including president and chief operating officer of FNIS and director of Financial Service Solutions Inc., a 50/50 joint venture between FNF and Bank of America.
“After a prolonged period of decline, the industry is showing signs of renewal and restoration,” said Swenson. “I am excited to be returning to the industry now. It is at this point in the economic cycle that new, innovative companies emerge. Without the burden of legacy technology and operations, companies like Advantage Title and Title365 Inc., as well as our soon-to-be debuted X1 Labs, a company supplying innovative technology solutions for commercial use, are better positioned to adapt to changing demographics and evolving trends.
“What has forever changed is the buying behavior of consumers,” Swenson added. “With the prevalence of mobile technology and ubiquity of social media, consumers will demand more transparency in their transactions with Realtors, mortgage lenders and title and escrow providers. Experience 1 is uniquely positioned for growth in this recovery, given its perfect combination of traditional title and closing operations the game-changing Title365 technology platform and soon to be debuted X1 Labs.”
Advantage Title was founded in 2009 and is fully licensed in 33 states. Headquartered in Newport Beach, Calif., Advantage Title is located throughout Southern California and is doing business as Title365 in Florida and Title365 Agency of New York in New York.