President/Managing Partner, Best Homes Title Agency/ Schneiderman and Sherman, Farmington Hills
Employees: 75/50 Revenue: NA Education: Michigan State University
Neil Sherman met law partner Peter M. Schneiderman in 2002, and became managing attorney at Schneiderman & Sherman in 2008. When the pair created Best Homes Title Agency that same year, to service the real estate and mortgage banking needs of its legal clients, Sherman was named president. “Our hope was if we could reinvest in the title company the revenue we were generating off of our firm, we would be able to develop a thriving title company as we came out of the recession,” he says. Best Homes Title has grown from four employees in one location and averaging 200 transactions per month in 2008 to 75 employees in 12 Michigan locations today, averaging a monthly volume of 1,000 transactions. “This industry begins and ends with customer service,” Sherman says. “Our investment in technology and (our) ability to meet federal and state compliance standards get passed on to our customers.” Sherman points to paperless document preparation and emergency data recovery capabilities as competitive advantages. The company’s One Stop Real Estate division records deeds electronically with the county register of deeds. “If the right opportunity presented itself we would consider expanding, but today our future expansion plans all involve locations in our state,” he says.