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July 10, 2003

Escrow Partners

Santa Ana-based First American Title Insurance Co. bought Seattle-based Escrow Partners for an unspecified amount as its entry into this region. The deal, closed on May 31, adds Escrow Partners' 60 employees in three Seattle offices to The Talon Group, First American's new title division, formed in February. Escrow Partners is a closing services provider, so it doesn't perform title services directly. But First American said Escrow Partners can channel "significant business" to underwriters, largely due to Escrow's in-house, Web-based transaction management platform. First American expects to integrate the platform with its backbone processing platform, called FAST Transaction System. Mike and Debbie Stevens started Escrow Partners in 1996. The Stevenses now run the offices for Talon Group, which also operates in Washington D.C., Chicago, Baltimore, Michigan, Ohio, Utah and Florida.




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