Amrock
Amrock, formerly known as Title Source, a subsidiary of Rock Ventures, is the United States' largest independent company offering title insurance, property valuations and closing services. In July 2012, it relocated its headquarters from Troy, Michigan, to the First National Building in the Detroit Financial District in Downtown Detroit. Amrock currently employs nearly 2,500 team members and maintains regional operating centers in Detroit (holding 63%), Ohio, Pennsylvania and Texas.
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| Type | Privately Held |
|---|---|
| Industry | FinTech, Title insurance, Real Estate Services, Real estate appraisal |
| Headquarters | Detroit, Michigan |
Key people |
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| Parent | Rock Ventures |
| Website | https://www.amrock.com/ |
History
The company was founded in 1997 through the acquisition of Campbell Title Insurance Company of Michigan, a small agency with a long history in the southeast Michigan region. After rebranding to Title Source, the company embarked on a rapid expansion plan into all 50 states, offering title and settlement services and products that integrated and streamlined the entire mortgage process. In 1999, software maker Intuit purchased the company in connection with its acquisition of Rock Financial. It's then, and still current, CEO, Jeff Eisenshtadt, stayed on and led the company to continue the company's expansion of services and geographic coverage. Three years later, he became part of a small group of private investors that repurchased the company from Intuit. On February 28, 2018, after more than 20 years in the industry, the company rebranded from Title Source to Amrock. The rebrand modernized Amrock's identity to better align with its vibrant culture and tech-driven services.
Currently, Amrock is an authorized agent for some of the largest and highest-rated title insurers in the industry, including The First American Corporation, Fidelity National Title, Chicago Title Insurance Company, Old Republic Title, Title Resource Group, Williston Financial Group and Stewart Title. In addition to providing nationwide title and closing services for residential real estate, Amrock's National Commercial group provides services for commercial real estate, ranging from simple, single properties to complex portfolio transactions. Amrock also provides valuation products and services and is a leading appraisal management company (AMC) that facilitates a high volume of appraisals each year.
Proprietary Technology
In 2005, the company developed TAG, a proprietary title production system. In 2009, the company developed ATLAS, a proprietary technology platform that allows clients to manage preferences and prioritize orders and work flows. Amrock has developed multiple mobile apps, such as its My Signings and My Appraisals apps to support and enhance communications with a nationwide network of nearly 15,000 partner agents and providers.
