Record Profits Announced For Florida Title Insurance Company Independence Title Despite Recession

March 6, 2013 - PRLog -- Driven primarily by increases in real estate closing volumes and reflecting widespread increases in overall mortgage lending activity the company’s increase in net income for the quarter and the year held substantial gains over 2011. “Our record numbers are due to the commitment of our clients and investors as well as the cooperation of several banks to lend necessary monies. It’s also due to our marketing efforts that are primarily focused on maintaining relationships with our customers.” said Kevin Tacher, CEO of Independence Title, Inc.

Revenues increased over the prior year due to high levels of overall real estate activity. Operating expenses followed the trend for the quarter. "We are pleased to report record levels of revenue and earnings per share for 2012.” added Tacher.  “A favorable interest rate environment led to high levels of mortgage lending across the industry, with increases in both purchase and refinance activity versus the prior year. In addition, we benefited from ongoing expansion of our agent base and targeted entry into new markets. Our balance sheet and financial condition remain strong, as total assets reached an all-time high. In the coming year, we will continue to emphasize the expansion of our agency base and operational efficiency."

Title Insurance is a form of indemnity insurance that insures against financial loss from defects in title to real property and from the invalidity or unenforceability of mortgage liens. It is meant to protect an owner's or a lender's financial interest in real property against loss due to title defects, liens or other matters.

Founded several years ago by Amazon.com Best-Selling Author Kevin Tacher, Independence Title Inc. is located in Fort Lauderdale, Florida. They are one of South Florida’s fasting growing Title Insurance Agencies. Independence Title is locally owned and managed. They provide their team of title professionals with state of the art technology, mobile applications and continued training. Together with support of the top underwriters in the title insurance industry, they have the expertise to complete real estate transactions with the highest level of efficiency and client service. They can be reached at 954-335-9305 or online at http://www.titlerate.com