Industry News

Capital Title Group subsidiary acquires flood determination co.

CEO says move strengthens bundled services offerings

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CTG Real Estate Information Services, a subsidiary of Capital Title Group, has acquired Determination Processing Services, a provider of residential and commercial flood determinations on property throughout the United States. "The acquisition of DPSI broadens the capabilities of our bundled settlement services," said Richard A. Alexander, president and CEO of CTG Real Estate Information Services. "The flood determination service is a well-matched product to those we provide through Nationwide Appraisal Services, another recently completed transaction." Located in Los Angeles, DPSI will continue to operate under its existing name. Scottsdale, Ariz.-based Capital Title Group through its subsidiaries offers services throughout the United States for title insurance, appraisal and valuation services, and other related services to residential and commercial customers in the real estate and mortgage lending industries. The combined companies will have more than 2,100 employees. *** Sen...