Silk Abstract Co., a national title insurance, search, settlement and escrow provider, focused primarily on collaborating with lenders to simplify and streamline their mortgage loan settlement processes to enable the closing of more loans in a more cost-effective manner, announces that it has changed its name to Silk Title and Escrow LLC, has re-domesticated as a Delaware limited liability company, and has appointed a new CEO.
Silk Title and Escrow LLC announced the promotion of Marc Trachtenberg from chief operating officer and executive vice president of business development to CEO.
“We initially brought Marc on to serve as our chief operating officer and executive vice president of business development. Marc has so excelled in these functions in such a short period of time that we realized the need for him to represent Silk as our chief executive officer,” founder Lance Silver explained in a press release. “We were confident that we were bringing an accomplished industry player into the fold, but Marc’s contributions have really out-paced our expectations, making this promotion long overdue.”
With Trachtenberg moving to CEO, Silver moves to chairman, Sarah Silva has been promoted to executive vice president – operations, and Jon Hoffler will be senior vice president – technology.