“Oh fair New Mexico, We love, we love you so….”
That’s all of the New Mexico state song I can remember from my youth in Albuquerque, or maybe I learned it at New Mexico Boys State. Regardless, I bet I know that part more than most New Mexicans—I just can’t carry a tune!
First National Title Insurance Company (FNTI) has expanded to my home state, and I’m proud we did. My first job in the title industry was after college as a courier for a title company before meeting the real world. Well some 40 years later, I’m still in the business and still loving it.
The NM title industry is regulated much in the same way as Texas. In fact, it is more like Texas than any other state. The regulations are also very similar. New Mexico is a regulated state and has bi-annual Rate and Rules Hearings to establish the rates and forms to be used. The Superintendent of Insurance, John Franchini, regulates the industry as does the Commissioner of Insurance in Texas. The Title Insurance Bureau Chief is Otis Phillips, who took over for me in that capacity two years ago. Many of you know him from his days working in the title industry.
FNTI is the underwriter for New Mexico independent agents. We are carving our nitch in the market and have made great headway in signing up the best independent agents in the state. Our work continues as we grow our market share.
New Mexico has a population of only two million people. Most live along the I-25 corridor from Santa Fe (everyone’s favorite town) through Albuquerque and south to Las Cruces. The state has many acres of nationally owned public land. It also is the site of 22 Native American Tribes, their reservations, and pueblos. Each is considered a separate sovereign state, with its own government, culture, customs, traditions, and language. In addition, New Mexico has numerous Spanish Land Grants, which have caused title issues throughout the years.
To summarize, the state is large in size but diverse in each area of the state. It is all a beautiful state, although I have a hard time adjusting to the desert landscapes. The state is rich in heritage and full of great people. I personally have many fond memories and am adding new ones as FNTI continues to expand in New Mexico.
Which state will be next?