The Silk® Companies Welcomes Les R. Kramsky, Esq. as EVP and General Counsel

The Silk® Companies, a family of companies providing insurance, settlement and real estate services to both the residential and commercial markets, is delighted to announce the appointment of Les R. Kramsky, Esq. as Executive Vice President and General Counsel.

The Silk® Companies, consist of:

• Silk® Abstract Company - A provider of title insurance, escrow, search and settlement services to the national residential and commercial real estate markets;

• Silk® Insurance Services - A provider of commercial and personal insurance products for home, vehicles, business, life and health; and

• Silk® Realty - A real estate brokerage firm.

As a key member of The Silk® Companies team, Mr. Kramsky will be responsible for the legal operation, as well as being an integral part of the management and development team for the company. He will be responsible for reviewing and clearing titles, resolving claims, developing and managing the legal department. He will assist other attorneys in general real estate matters, and provide counsel to clients. In addition, Mr. Kramsky will leverage his existing industry connections and establish relationships with prospective clients as part of Silk® Abstract Company’s efforts to grow its institutional nationwide title business.

“Les Kramsky adds a dynamic level of expertise and personality to The Silk® Companies,” announced Lance Silver, Chief Executive Officer. “Les is well-known in the industry and highly respected by our friends, colleagues and competitors for the variety of high level executive positions he has held. The most impressive part of working with Les is seeing his calm and personable style when working with our employees and clients, which is evident in the first few moments one deals with Les. He is a key addition to our strong and growing company. Les has a diverse range of experiences in title insurance and real estate law that will enhance The Silk® Companies depth of expertise. We are confident that his addition will help our companies achieve great results."

“We’re incredibly excited to now have a General Counsel at The Silk® Companies,” stated Ron Wilk, President. “Les will quickly become a vital asset through his focus on residential and commercial closings, lender services, underwriting and claims expertise, and other legal services along with his entrepreneurial and management skills. This is a resource we have sought for some time, but wanted to wait for the right person to become available. We are quite pleased to add Les to our executive management team.”

Les R. Kramsky, Esq. has dedicated his professional career to the title insurance, mortgage and real estate industry and brings a unique perspective that spans the course of over twenty (20) years, including holding positions as the General Counsel to The Money Store; General Counsel to Paramount Properties; General Counsel to Consumers Title Agency along with having his own law firm specializing in real estate. Les is a recognized authority on title insurance, mortgage, real estate, insurance, leases, contracts, labor law, corporate law and compliance matters and has been quoted in media outlets such as The New York Times, Wall Street Journal, Fox Business News, National Mortgage News, Law360, WCBS Radio, Corporate Counsel Magazine and Secondary Marketing Executive Magazine.

"I am excited to join The Silk® Companies team," said Les R. Kramsky, Esq. Through my many years as a real estate attorney and general counsel on numerous large, institutional deals, I know the type of service expected and what it takes to get deals closed. I look forward to working with my extensive base of real estate professionals, as well as developing new relationships and providing them with the very best service in the title industry. As a key member of the business development team, I am eager to share my expertise with prospective clients and look forward to sustaining many of my existing professional relationships. My goal is to assist in the continued growth of Silk® Abstract Company so that it will at least double its current production.”

“I have seen this industry evolve over the past twenty (20) years, most especially through automation,” said Les R. Kramsky, Esq. “I am really impressed with how The Silk® Companies services its clients with its state of the art technology, automation and outstanding customer service. I look forward to being a part of this company’s continued growth.”

Mr. Kramsky received his Bachelor of Arts degree from Rutgers University and received his Juris Doctor from Brooklyn Law School. He is admitted to practice law in New York, New Jersey, and Washington D.C. In addition, Mr. Kramsky is admitted to practice in the United States Supreme Court, the New Jersey District Courts and the New York Southern and Eastern District Courts.

Mr. Kramsky is a licensed New Jersey Title Insurance Producer; a licensed New York State Real Estate Broker and a licensed New Jersey Realtor.

About Silk® Abstract Company:

Silk® Abstract Company is a national abstract, title insurance, settlement and escrow agency. Its client base consists primarily of high-volume, national mortgage lenders, sellers of REO properties, and mortgage brokers.

Silk® Abstract Company covers every facet of the settlement process:

• Generation of commitment to insure title

• Clearance of title issues

• Preparation of settlement statement

• Scheduling and closing the transaction

• Disbursing funds

Silk® Abstract Company combines a client-centric approach with a commitment to technology and automation, enabling it to achieve a level of service unparalleled in the industry. Silk® Abstract Company strives to be an upstanding industry leader committed to maintaining integrity, honesty, and superior service levels in title insurance. The result is lower costs, faster turnaround times and outstanding customer service.

From order to funding, Silk® Abstract Company is your fastest, most accurate option. Since 2002, Silk® Abstract Company has closed tens of thousands of real estate transactions. Silk® has the experience you need on your side, when you are buying or selling real estate. Silk® Abstract Company is headquartered in Plymouth Meeting, PA and has satellite offices in Chicago, IL, Little Rock, AR and Marlboro, NJ.

You may contact Les R. Kramsky, Esq. at LKramsky@thesilkcompanies.com

www.thesilkcompanies.com