Michigan’s Department of Insurance and Financial Services (DIFS) issued emergency suspensions against Peak Title of Michigan Inc. and Peak Title Agency Co. following allegations of escrow mismanagement and ongoing regulatory noncompliance.
DIFS Director Anita Fox said the suspensions were necessary to prevent further consumer harm. Investigators found the agencies ran negative balances in trust accounts used to settle real estate obligations, with unresolved payments on taxes, utilities, and liens.
Consumers should feel confident that their title agency is compliant with the law, maintains proper safeguards, and protects customers’ funds
DIFS Director Anita Fox
“After conducting a thorough investigation, it was clear that immediate action against Peak Title of Michigan Inc. and Peak Title Agency Co. was necessary to ensure consumers are protected,” Anita Fox said.
Multiple consumers reported depositing funds only to later receive delinquency notices.
Although legally distinct, the two entities operated from the same address, shared staff, branding, and a website. DIFS began its probe after consumer complaints and escalated the case when agency owners refused to cooperate with audits.
First American Title Insurance Co. terminated its partnership with Peak Title Agency in December 2024 after the agency declined to participate in a standard audit.
In March 2025, DIFS notified the company of a routine audit, but agency owners again failed to respond. An April order requiring financial records also went unanswered.
WFG National Title Insurance Co. followed suit in April, ending its appointments with Peak Title of Michigan after accusing the agency of diverting escrow funds.
WFG filed a lawsuit shortly after, alleging $2.6mn in missing funds and asserting the company refused to assist in tracing the money.
Insurance regulators say legal safeguards failed due to the agency’s lack of transparency. Fox emphasized the need for strict compliance in handling customer funds and warned that agencies unable or unwilling to meet those standards pose a serious risk to consumers.
