The
financial
terms
of
the
deal
were
not
disclosed.
Like
Qualia,
RamQuest
and
E-Closing
are
closing
platforms,
with
RamQuest
being
one
of
the
most
widely
used
by
title
professionals
in
addition
to
Qualia
and

Softpro. 

In
an
announcement
on
Wednesday,
Qualia
said
the
acquisitions
are
part
of
a
strategic
partnership
with
Old
Republic. 

“Throughout
Old
Republic
Title’s
117-year
history
in
serving
the
American
homeowner,
we
have
embraced
opportunities
to
improve
the
method
of
transferring
real
estate.
As
the
speed
of
technological
innovation
in
our
industry
accelerates,
partnering
with
Qualia
will
help
us
provide
an
improved
experience
for
both
our
agents
and
our
insureds,”
Carolyn
Monroe,
the
president
and
CEO
of
Old
Republic
Title,
said
in
a
statement.
“It
creates
a
mutually
effective
path
for
offering
the
expertise
of
Qualia
in
the
rapidly
changing
technology
environment,
and
the
strength
of
Old
Republic
Title
as
a
leader
in
the
title
industry.”

Qualia
said
that
these
acquisitions
will
expand
the
capabilities
of
its
title
production
offerings. 

Additionally,
Qualia
CEO

Nate
Baker
told
HousingWire
that
as
part
of
the
strategic
partnership,
Old
Republic
would
be
moving
the
majority
of
its
direct
title
insurance
operation
over
to
the
Qualia
platform. 

“I
think
a
big
part
of
what
is
motivating
this
deal
and
this
partnership
is
a
shared
understanding
that
real
estate
is
changing
faster
now
than
it
ever
has
before,”
Baker
said.
“A
lot
of
the
title
closing
and
real
estate
back
office
workflow
stuff
is
squarely
in
the
wheelhouse
of
the
type
of
work
that
is
automatable
with

AI,
and
I
think
this
is
a
preparatory
step
for
both
companies
towards
looking
at
how
we
are
going
to
utilize
the
tools
that
are
coming
out.” 

Baker
acknowledged
that
many
of
the
nation’s
largest

title
companies
have
chosen
to
develop
their
own
closing
software
and
platforms
in-house,
but
he
feels
that
through
this
partnership
Qualia
will
be
able
to
focus
more
on
the
technology
side
of
things,
allowing
Old
Republic
to
turn
more
of
its
attention
to
running
its
core
business
and
serving
its
title
agents
to
the
best
of
its
ability. 

“We
are
just
really
excited
for
this
partnership,”
Baker
said. 

Qualia
had
previously
acquired


Adeptive,

the
parent
company
of
software
provider


ResWare
in
Dec.
2020.