October 2008, Equity Title is 50% owned by First American title company and 50% owned by Orange Coast title. Due to the hard economical times Orange Coast title had a note come due and had to pay off quickly, to answer this they sold their 50% to First American title. (they kept 5% but who knows why). First American title being our new full time parent company and with full control switches things over to their way of doing things. I bit of quick background on "Fatco" is they have outsourced most of their title work to pheonix and india. So thus they running the show they closed our title plant here at equity title. Today feels like that last episode of M*A*S*H* where things are dismantled, people leave and hugs are given out. Most everyone was laid off, or the lucky ones were given jobs in the escrow portion of the company but all to leave the building eventually. I was one of the lucky ones, and am finding new and very exciting opportunities in Orem working for our escrow there as a Title Officer Liason. Feelings are bitter sweet to see friends let go but excited for the future and new ideas and chances.
2 comments:
Wow. That's hard I bet. Hard to see friends go and some probably don't know where they'll go and yet be excited for the new task that is ahead for you. I am glad that they kept you on for the escrow portion, you'll do great!!
Wow!
Hi Dan, it's your old friend Stef.
I'm sad to hear of the demise of our old stomping grounds. You're working in Orem, eh? Congrats. Fill me in on the haps with all the others, woudlja?
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