Consumer Direct of America, a mortgage brokerage consolidator based in Las Vegas, has announced that it will open a title insurance subsidiary in Atlanta.The operation, which will be headquartered in Consumer Direct's Atlanta banking office, will provide title insurance services to the company's mortgage branch system. The company said the subsidiary will allow Consumer Direct to insure its mortgage loans and add an additional 1%-2% to its revenue stream. "We intend to integrate the title insurance products into our branch production operations during 2004," said Michael A. Barron, chief executive officer of Consumer Direct. "By adding the title insurance products, we add a much greater level of control to the closings of our loans."
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