GITC Yearly Business Review

In 1985, Greater Illinois Title Company was founded to provide title insurance and escrow closing services to the metropolitan Chicago real estate market. As the company celebrates its 15th anniversary, the company is committed to building on its reputation of integrity, professionalism and exceptional customer service.

Real estate activity in the year 2000 should be steady but more modest in volume, with sales peaking in the traditional home-buying months of May through September. Greater Illinois Title Company is ready to take advantage of its position as a customer-focused company and one that works hard to successfully close every transaction. The company will explore every opportunity to grow revenue, make quick adjustments to the market and provide new and exciting products and services.

For example, through Greater Illinois' Gateway Services Program, the company offers title and closing services to policy issuing agents of Chicago Title. REALINFO™, an online real estate information company, is finalizing a conversion to provide real estate data via the Internet. In addition, the geographical capabilities of Greater Illinois Tax Deferred Exchange Corporation will be enhanced by extending its services through other distribution channels, including its web site.

The explosive growth of its commercial and new construction divisions has allowed the company to devote critical resources to ensure that customers throughout the area are serviced with the highest level of professionalism and convenience. And, as easy access to information becomes a key element in the knowledge-based economy, Greater Illinois Title is exploring new ways to address the needs of the market in this area while fulfilling opportunities for growth.

Greater Illinois Title is firmly committed to making the right strategic choices. A constantly changing customer base requires that the needs of different customer segments be approached distinctively with an eye toward the customization of services. Key strategies to ensure success in the coming year include enhancing technology, customer service and operating efficiencies.

As Greater Illinois Title Company celebrates its 15th anniversary, it is looking to the basic principals that its founders envisioned. Balance, teamwork, a clear vision of the future and hard-working, dedicated employees have been the driving forces behind the success of Greater Illinois Title. As the settlement services industry enters a new era, Greater Illinois Title Company is ready to address the changing dynamics of the market and will continue to fulfill its mission of being "the best provider of real estate information products and services in the industry."