Home >> Headlines >> Chronos Solutions Acquires Commerce Title and Closing Services
Print This Post Print This Post

Chronos Solutions Acquires Commerce Title and Closing Services

technologyNational real estate services provider Chronos Solutions, headquartered in Coppell, Texas, has announced the acquisition of settlement services firm Commerce Title and Closing Services from parent company Ten-X, formerly Auction.com.

According to Chronos, the acquisition of Commerce Title and Closing Services will greatly broaden the firm’s title and settlement services offerings. In particular, the acquisition strengthens Chronos’ presence in California, one of the country’s most dynamic title insurance markets.

Commerce Title’s high-performance platform will be integrated into Chronos’ flexible technology suite.

“Commerce Title is fully licensed to perform title work throughout California, making it a natural fit for Chronos Solutions,” Chronos Solutions CEO Matt Martin said. “With this acquisition, we deepen the resources we can offer to our clients, as well as becoming even more flexible to our clients’ needs. Commerce Title’s historical emphasis on client service, innovation and flexibility align perfectly with the Chronos strategy and business model, and we believe our customers will appreciate the additional resources we will now be able to make available to them on the title and settlement services side of the transaction.”

The acquisition of Commerce Title is the third for Chronos solutions since early 2015. The company acquired online real estate auction marketplace Realtybid.com in January 2015. Chronos then acquired credit, verification, and origination technology-based firm Cogent Road in December 2015.

“Our acquisitions are carefully selected to complement our unique approach to real estate finance services,” Martin said. “Our ability to deliver multiple service offerings and scale to meet the needs of a business of any size are what have led to our success. The acquisition of Commerce Title will only strengthen the depth and breadth of our suite of services.”

About Author: Seth Welborn

Seth Welborn is a Harding University graduate with a degree in English and a minor in writing. He is a contributing writer for MReport. An East Texas Native, he has studied abroad in Athens, Greece and works part-time as a photographer.

Check Also

Angel Oak Names New VP of Correspondent Sales, Expands Westward

Angel Oak Home Loans has brought 30-year industry veteran Steve Valladares into the fold to manage its correspondent business line, and has announced four new branches in the western U.S.

Subscribe to MDaily

MReport is here for you to stay on top of important developments in the mortgage marketplace. To begin receiving each day’s top news, market information, and breaking news updates, absolutely free of cost, simply enter your email address below.