Industry News

Real estate services bundling grows

Old Republic creates new division

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Old Republic National Title Insurance Co. has launched a new division dedicated to providing bundled services to its network of independent agents and direct operations. The new division will operate as Old Republic Packaged Services Division, or ORPAK, as part of the National Services Group headed by SVP Patrick Conner. ORPAK is an outgrowth of the Agency Services Department of Old Republic Title, Residential Information Services, a division of the National Services Group that has provided vendor management and bundled services to the residential lending community since 1998. "As the business of this department grew, it became increasingly evident that eventually we needed to treat this department as a business in its own right," Old Republic CEO Rande Yeager said. He added, "The elevation of ORPAK to division status underscores the importance of bundling as a trend and the continuing importance of the local agent to the company's future. ORPAK will leverage the technologies and...