Guaranty Title Services, Inc. GTS began on April 9, 1984 in a single office room in the back of the law office of Louis J. Andrew, Jr. Louie had been and still is a practicing lawyer in Fond du Lac, Wisconsin, specializing in real estate. Louie and his wife Sue have five children and have lived in Fond du Lac since they were married in 1966. Louie is a 1963 graduate of the University of Notre Dame, majoring in accounting, and is a 1966 graduate of Marquette University Law School.
GTS was started with one full time and a couple of part time people in a back room in Louie's law office. At that time the title business was pretty sleepy. It was back at the time when you could be an order taker in the title business and service wasn't well defined but it probably meant that you would get your order back in two or three weeks. Title evidence at that time in small towns in Wisconsin was still dominated by abstracts and title insurance was just starting to gain prominence. The emergence of the secondary mortgage market greatly accelerated title insurance becoming the standard for title evidence.
GTS decided at that time that service was going to be its hallmark. The company started measuring three-day service and that was its initial internal service standard. Today its internal standard is twenty-four hours (although in the refinancing boom that target was extremely difficult to meet). GTS also made another precedent setting decision, i.e. to provide title insurance only and not prepare abstracts. GTS reasoned that title insurance eventually was going to dominate the market for title evidence and if it wanted to live up to its service standard of three-day service that could only be done with title insurance.
- The business model was successful from the start.
This business model was successful right from the start. GTS's Fond du Lac office grew to six people in 1988.
In the Fall of 1988 GTS acquired Wausau Abstract and Title Company from a Wausau family that operated the company and were intending to retire. This office is still operated under the GTS name in the Wausau area.
In 1990 GTS purchased Dodge County Abstract and Title that now has offices in both Juneau and Beaver Dam. In 1992 GTS purchased Cherryland Abstract and Title in Sturgeon Bay, Wisconsin.
Over the years GTS has made a number of other acquisitions or start-ups in Green Lake, Menomonie, Osceola, and Merrill.
Today, GTS offices operate in three locations: Fond du Lac, Green Lake and Juneau, Wisconsin.
GTS has two sister companies:
- INFO-PRO Mortgage Services, Corp. provides tax reporting and flood certification services to lending institutions and can be found at http://www.info-pro.com/.