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ATGF Reports Record Profits for Second Straight Year

posted Mar 21, 2018, 6:26 AM by Kim Whitlock

Attorneys Title Guaranty Fund, Inc. (ATGF) President Eric Morgan is pleased to announce a record net profit for 2017 of $726,016. This tops the previous high of $553,870 set in 2016.

“Since new ownership and management assumed control of ATGF in 2010-2011, we’ve completely transformed the culture and financial results of our company.  ATGF staff and ownership have really done a tremendous job of turning this company into an industry leader in technology and compliance,” Morgan stated.  “We’ve greatly expanded the company’s financial resources, including doubling the company’s surplus as regards policyholders in the past five years.”

The company’s proprietary web-based title production and underwriting system (EPIC) is a key factor in the company’s results. “Orders processed in EPIC continue to result in dramatically reduced claims versus business that was done prior to full implementation of the system.” ATGF provides the system to all its agents free of charge.

Morgan attributed the increased revenue to the quality of work performed by its nearly 400 independent agents, higher residential values, and achieving full underwriting authority in Minnesota and North Dakota. “We operated as a managing agent in Minnesota and North Dakota for many years, but in  2017 we are seeing the full effect of underwriting authority in those states on our bottom line. This puts us in a great position to pursue substantial geographical expansion in 2018 and are looking forward to supporting more independent title agents across the country.” Morgan added.

About Attorneys Title Guaranty Fund, Inc.

Founded in 1960, ATGF has been providing best in class title insurance underwriting and services for more than 50 years.  The company’s mission is helping agents succeed through trusted products and services, innovative technology and amazing support.  The company currently pursues this mission by underwriting, training and supporting agents in Colorado, Utah, Minnesota and North Dakota.  ATGF has maintained a strong Financial Stability Rating® (FSR) of A, Exceptional, from the independent rating agency, Demotech, Inc. For more information on ATGF or EPIC, contact ATGF’s president, Eric Morgan at emorgan@atgf.net or 303-383-4321. www.atgf.net

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