OneTitle National Guaranty Company launched today as a new licensed New York title insurance underwriter.
OneTitle was co-founded by entrepreneurs Daniel Price and Seth Brown, Yale graduates with extensive experience in financial services and New York real estate.
Price is a senior financial services executive and principal investor who was a consultant with McKinsey & Company and principal investor at Moelis Capital Partners.
Brown is a senior real estate executive and entrepreneur who founded real estate investment firm Aspen Equities LLC and the non-profit Next City.
“New Yorkers deserve better than the sky-high prices, mediocre service and the constant risk of fraud they have faced for decades. With OneTitle there is finally a choice,” said Price.
“OneTitle will disrupt the market by offering lower rates and better service without the unnecessary risk that comes from title insurance agents. We look forward to working directly with investors, developers, homeowners, attorneys and lenders to insure residential and commercial transactions.”
“OneTitle is transforming the New York title insurance industry, and saving purchasers and borrowers time and money,” said Manhattan attorney Andrew Weltchek. “I think they’re going to have a major impact on the market.”