VIENNA, Va. – Navy Federal Financial Group (NFFG), a wholly-owned subsidiary of Navy FCU plans to launch a real estate service organization – Navy Real Estate Services, LLC – which will operate as a wholly owned subsidiary of NFFG. Navy Real Estate Services will specialize in real estate settlement services. It will focus on helping simplify the closing process for Navy FCU members while lowering their costs, by providing all settlement services typically conducted by a closing agent. These include preparing certain closing documents and title work, providing title insurance, supervising the closing, recording all documents, and dispersing funds. Kevin Sullivan has been named president of Navy Real Estate Services. The new service organization will start July 1 with providing service to members in Maryland, Virginia, and Washington, D.C. Over the next 18-24 months, the service will be expanded to include most of the U.S.
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