CHICAGO--(BUSINESS WIRE)--National Real Tax Tracking (NRTT), a leader in the property tax servicing and payment industry announced today a strategic investment from a partnership led by John Long, Lewis Hill, and Bill Shaddock. Long, Hill, and Shaddock purchased 50% of NRTT, located in Chicago, from founding partners Asher Kohn and Eli Davis. Mr. Long will drive the company’s growth as its new Chief Executive Officer.
“John, Lewis, and Bill bring an exceptional amount of expertise and insight to the table, which makes them phenomenal choices to join us in continuing the growth of the company,” said Kohn. John Long, was the prior CEO of First American Real Estate Information Services, a former division of First American Financial (FAF) and now part of CoreLogic (CLGX). Long brings over 25 years of corporate and executive leadership to the table, harnessing 40 acquisitions while building up First American’s non-title real estate services division. During his decade long tenure sales grew from $7 Million to $700 million. Long is also the former CEO of First Advantage Corp (FADV) which he spun out of First American in 2003. During his First Advantage career, Long completed an additional 60 acquisitions, building that company to nearly $800 million in sales by 2007.
Long first met Lewis Hill in 1995 when he acquired a commercial real estate tax servicing firm owned by Hill, who then became the President of First American Commercial Real Estate Tax Services. Hill is currently the Managing Partner at Equitable Mortgage Services and has been in executive level positions in real estate since 1988. Hill will drive the growth of the commercial loan servicing portfolio of NRTT.
Bill Shaddock is the owner and CEO of Capital Title, which he acquired in 2006. Capital Title is the largest privately held title insurance company in the state of Texas with 80 offices and approximately $100 million in annual title premiums.
“Bill, Lewis, and I are excited about the opportunity to partner with the founders of NRTT,” Long stated. “Our experience and the extensive knowledge brought by Asher and Eli will make NRTT a formidable and innovative competitor in the financial services sector.”
Founded by Asher Kohn and Eli Davis in 2010, National Real Tax Tracking was created to help mitigate the property tax risks for financial institutions. With over 35 years of experience at the forefront, NRTT has risen as a leader in the property tax industry with unparalleled knowledge and exceptional services to cover every facet of local property tax markets. Providing services that include Comprehensive Tax Tracking, Tax Payment Facilitation, Flood Determination, Insurance, and PACE servicing, NRTT has quickly grown into an entity that handles a rapidly changing industry from every regulatory standpoint. NRTT provides real-time and detailed reports that are customized to client needs with a dedicated team of experts who understand your business.
For further information please contact John Long or Meredith Haas at firstname.lastname@example.org.