IRVINE, Calif. — May 1, 2012 — Experience 1, Inc., holding company for Advantage Title, Inc. and Title365, Inc., leading nationwide providers of title insurance and escrow services , today announced that Eric D. Swenson has become the Company’s Chairman of the Board. Swenson’s appointment brings the Company seasoned leadership by one of the nation’s most experienced real estate, title insurance, and mortgage industry executives.
During his recent tenure as Co-Chief Operating Officer of Lender Processing Services, Inc. (LPS-NYSE), a multi-billion dollar technology and services provider to the Mortgage industry, Swenson led the Company’s Origination, Default and Mortgage Information and Data businesses, including its title insurance operations, before retiring in 2011. Prior to that, Swenson held the position of Executive Vice President of Fidelity National Information Services, Inc. (FIS: NYSE), and Division President of the Mortgage Information and Outsourcing Businesses. Swenson was instrumental in the substantial growth of both companies, achieved through organic growth, targeted acquisitions and the development of specialized mortgage industry products and services. Experience 1, Inc. CEO Michael Tafoya commented, “I couldn’t be more thrilled about Eric Swenson’s appointment as our chairman. He is a highly respected and proven executive with extensive business experience, a broad understanding of the mortgage technology industry, and strong management, operations and governance skills that will be incredibly valuable to Advantage Title, Title365 and our customers.”
Swenson’s professional experience covers a span of more than three decades and a wide array of businesses from entrepreneurial successes with start-up companies to prominent real estate and mortgage industry positions. He joined Fidelity National Financial (FNF-NYSE) in March of 2000 when FNF purchased Chicago Title Insurance Company where Swenson was EVP of the Southern California Region. During his tenure at FNF, Swenson held several executive positions including President and COO of FNIS (NASDAQ), and Director of Financial Service Solutions, Inc., a 50/50 Joint Venture between FNF and Bank of America. “After a prolonged period of decline, the industry is showing signs of renewal and restoration,” said Swenson. “I am excited to be returning to the industry now. It is at this point in the economic cycle that new, innovative companies emerge. Without the burden of legacy
technology and operations, companies, like Advantage Title and Title365, Inc., as well as our soon-to-be debuted X1 Labs, a company supplying innovative technology solutions for commercial use, are better positioned to adapt to changing demographics and evolving trends.”
Title365™
The Experience 1 companies recently debuted a new release of the industry’s most innovative title order-centric platform, Title365, that delivers transparency throughout the fulfillment process, exceeding the expectations of mortgage and real estate professionals and consumers by providing timely and relevant information before, during and post-transaction. An embodiment of technical excellence and unequaled usability, the Title365 platform enables all parties to follow order progression from start-to-finish via Ordertrac™, which provides real-time updates via email and/or text message. In addition, Title365 succinctly ties the efficiency and convenience of social media tools to the settlement and other real estate related services offered by Advantage Title, Inc and its partners. “What has forever changed is the buying behavior of consumers,” Swenson added. “With the prevalence of mobile technology and ubiquity of social media, consumers will demand more transparency in their transactions with Realtors®, mortgage lenders and title and escrow providers. Experience 1 is uniquely positioned for growth in this recovery, given its perfect combination of traditional title and closing operations the game-changing Title365 technology platform and soon to be debuted X1 Labs.”
