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Reverse Mortgage Title Firm Expands in Texas

Allegiant Reverse Services, a provider of title and other closing services for reverse mortgage borrowers, announced the opening of a new office in Frisco, Texas on Tuesday.

“We have expanded Allegiant’s national footprint to one of the fastest-growing markets in the country, and we couldn’t be more pleased,” said Rob Awalt, Allegiant’s president and CEO, in a release.

Data from Reverse Market Insight, Inc. backs up Awalt’s assessment in the early stages of 2017: New home equity conversion mortgage endorsements in the nearby Fort Worth market were up 90.6% in January 2017 as compared to the same time in 2016, with a 56.7% spike in Dallas over the same period.

The Roseville, Calif.-based Allegiant joins a range of high-profile companies that have offices in the Dallas suburb or its surroundings, including Toyota, Frito-Lay, and J.C. Penney. Allegiant’s release also noted Awalt’s connection to the Dallas Cowboys football team, which recently opened its headquarters in Frisco; the tight end-turned-businessman played two seasons with the Cowboys during his seven total years in the National Football League.

Allegiant, a subsidiary of the Rockville, Md.-based FNC Title Services, LLC, also maintains offices in Rockville and Houston.

Written by Alex Spanko