Plano, Texas, January 22, 2014 - RamQuest, Inc., a leading provider of solutions for the land title industry, announced today the intent to create two independent companies, RamQuest Inc. and Guardian Consumer Services.
Over the last several years, the company has strategically developed these two strong, but distinct, brands and expanded its product portfolio to include lender and realtor centric offerings. At the same time, the company has continued to invest in core title solution development and strategic partner integrations so that, as a result, RamQuest has maintained its ability to deliver profitable results. Having executed an expansion plan over the course of the last several years, the organization has solidified its position as a title and settlement industry leader while expanding into new, vertical markets that have developed into independent strategic entities.
While this strategy is working, taking this significant next step will place both companies on a higher trajectory. As the organization has been benefiting from a tremendous growth cycle and investment, the split will ensure that this continues. The company believes creating these two companies offers each the ability to focus individual leadership and resources on distinct, strategic initiatives and unique opportunities and that splitting during this point of strength allows both organizations to reach their full potential.
RamQuest will continue to serve the title and settlement industry as a premier solutions provider; its offerings include the company’s proven Complete Closing suite, the new and innovative RamQuest One solution and the company’s digital network, Closing Market. RamQuest has named Paul Bandiera as its new president. Bandiera, chief technology strategy officer at Old Republic Title and former chief technology officer at RamQuest, will succeed Mark McElroy in this role. McElroy will, in turn, assume the position of president and CEO of Guardian Consumer Services as this company focuses on innovative solutions development for the real estate community with products like Pavaso and Digital Close.
RamQuest, Inc., a Texas-based corporation founded in 1991, is the premier provider of business solutions for the Land Title Industry. RamQuest’s new flagship solution, RamQuest One, is a fully integrated title, settlement and escrow solution that combines innovative technology with the best-in-class business experience of RamQuest to fully support today’s title and settlement operations. RamQuest’s products are currently in use for closings in all 50 states. For more information about RamQuest, visit RamQuest.com.