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LandAmerica Financial Group Inc., Richmond, Va. has been making strides lately to increase its stature in the closing services industry. Recently, the company announced the purchases of two title companies in the eastern U.S., New York Land Services Inc., a New York corporation, and Land Title Agency Inc., a New Jersey corporation. In addition, the company introduced a new automated valuation product called SureShot.
"The industry has been looking for the right product to bridge the gap between AVM's and a traditional appraisal. LandAmerica is forging a new category of product that rivals a desktop, BPO, drive- by and even URAR's in accuracy with immediate turn times," said Chris Foretich, vice president and general manager of LandAmerica's Emerging Products Group. "Lenders today need a full spectrum of solutions to meet the demands of the marketplace while mitigating risk. LandAmerica is holding true to its promise to make it easy for our customers to be successful."
The company says it spent months on research and...