Herndon, Va. (March 8, 2023) — Northwest Title & Escrow (NWTE), a licensed, bonded title insurance agency offering residential and commercial real estate settlements in Virginia, DC, and Maryland, today announced that it is a recipient of Old Republic National Title Insurance Company’s (Old Republic Title) 2022 Shining Star Award for Operational Excellence. This is the third consecutive year the company has received the award, demonstrating its exceptionalism in the real estate title and escrow business.
The Northern Division of Old Republic Title grants the award to its Virginia title agencies demonstrating the highest caliber of operational excellence. To be chosen, a title agency is evaluated in ten categories — from underwriting and settlement practices to customer complaints.* Northwest Title & Escrow’s exceptional operations was the inspiration for creating the award in 2020. This year, approximately one-third of Old Republic Title’s title agency partners received the award.
Deb Koenig, assistant vice president of NWTE said, “We’re extremely proud to receive this prestigious award for the third year. Northwest Title & Escrow is unwavering in our goal to ensure every customer experiences a smooth, accurate and timely closing, and this commitment to excellence is reflected in the Shining Star recognition.”
“It was our delight to award Northwest Title & Escrow the 2022 Shining Star Award for Operational Excellence,” said Kevin Pogoda, Old Republic’s First VP & Virginia State Manager/Northern Division. “They have demonstrated an excellent track record of sound underwriting and settlement practices, escrow management and compliance with our remittance requirements. They are truly a ‘Shining Star,’ setting the brightest example for others to follow.”
NWTE has been in business since 2009 and has conducted over 12,000 transactions since inception. The company is located in Herndon, Virginia and offers closings in its office or the customer’s preferred off-site location.
*Old Republic National Title Insurance Company based its 2020-2022 Shining Star Award for Operational Excellence on ten categories: Sound underwriting and settlement practices; timely requests for overlimit approval, if applicable; monthly reconciliations reviewed and approved by management with any issues addressed in a timely manner; annual escheatment, if applicable; regular monthly remittances with the age of policies no more than 2 months beyond month of closing; absence of claims; controls in place to prevent fraud; attendance at Old Republic webinars and seminars; lack of customer complaints; and industry innovation.
About Northwest Title & Escrow (NWTE)
Northwest Title & Escrow is a subsidiary of NW Capital Management, a wholly owned subsidiary of Northwest Federal Credit Union. Based in Herndon, Virginia, the company is a licensed, bonded, full-service title and escrow agency offering Washington, DC metropolitan area individuals and businesses expert mortgage settlement and title insurance services. NWTE’s team has decades of combined experience. The agency maintains the highest ethical, professional and operational standards and boasts a 99 percent customer satisfaction rating. To learn more about NWTE and how they can help you or your clients, visit www.nwtellc.com.
About Old Republic National Title Insurance Company
Old Republic National Title Insurance Company is a proud provider of title insurance and settlement services. The company is the flagship title insurance underwriter in the Old Republic Title Insurance Group (ORTIG). Headquartered in Tampa, Florida, ORTIG has built a solid reputation as an industry leader and is one of the largest title insurance groups in the United States. ORTIG is a wholly owned subsidiary of Old Republic International Corporation based in Chicago, Illinois. Old Republic International Corporation is one of America’s largest shareholder owned insurance businesses and traces its origins to 1923. For more information, visit www.oldrepublictitle.com.