LandAmerica Financial Group, Inc. News
LandAmerica to Combine Residential Services with Lender Services
RICHMOND, Va., May 20 PRNewswire-FirstCall — LandAmerica Financial Group, Inc. (NYSE: LFG) announces its Residential Services and Lender Services are joining forces to create a single powerful Residential Services customer channel effective June 30, 2008. This move will strategically align LandAmerica even more closely with its customers and enhance the company's service delivery to builders, Realtors(R) and lenders nationwide. Company officials explained that the merger represents the natural evolution of its customer-focused organizational structure.
"LandAmerica is leveraging the combined power of its Residential Services relationships and its local sales and service capabilities with the operational efficiencies of Lender Services," said Melissa Hill, who will serve as President of the new combined channel. "This will give us the power to deliver end-to-end solutions to a wider set of customers who participate in the residential real estate transaction services world. Customers will ultimately enjoy a higher level of satisfaction with every transaction from a company already renowned inside its industry for service."
Theodore L. Chandler, Jr., Chairman and Chief Executive Officer of LandAmerica, added, "This combination further enables our transformation to a customer-focused company powered by talented specialists and optimized by integrated fulfillment capabilities. This is an exciting development in pursuing our Shared Vision of making LandAmerica the premier provider of real estate transaction services."
About LandAmerica Financial Group, Inc.
LandAmerica Financial Group, Inc. is a leading provider of real estate transaction services with over 700 offices and a network of more than 8,500 active agents. LandAmerica serves agent, residential, commercial and lender customers throughout the United States, Mexico, Canada, the Caribbean, Latin America, Europe and Asia. LandAmerica is recognized as number one in the mortgage services industry on Fortune's 2007 and 2008 lists of America's Most Admired Companies.
SOURCE LandAmerica Financial Group, Inc.
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