Black-owned title insurance firm run by father and son closes more than $2 billion in transactions

Meet father and son, Osei Rubie and Nadir Rubie. They are the brains behind the family enterprise, National Standard Abstract (NSA), a full-service title insurance agency with expertise in residential and commercial real estate transactions.

Osei, a thirteen-year title insurance industry veteran, started NSA and positioned it to become the premier provider of title insurance. His son, Nadir, joined the family company in 2017 and now serves as a Partner in the firm as of 2019.

Established in 2015, the firm in its first year of operation recorded transactions ranging from $24 million to $43 million. Since then, its portfolio has continued to grow rapidly. The leading black-owned title insurance company recently closed over $2 billion in transactions, according to Shoppe Black. This year, they are projected to close more than $300 million in individual commercial transactions, the platform added.

“With 1 million ways to fail, we came up with 2 billion reasons to succeed as Black entrepreneurs,” said Osei, President and Founder of National Standard Abstract. “In the last eight years, we have developed a blueprint to close the opportunity gap and build generational wealth within the communities we reflect and serve.”

Osei and his son have built a multi-billion portfolio with commercial and residential transactions involving faith-based and market-rate developments in New York City. Not only that, but they have also modernized the title insurance process for projects of any size, with decades of experience and public-private partnerships, according to Shoppe Black.

“This $2 billion milestone is significant because it illustrates the correlation between representation, investment in marginalized communities, and their long-term impact on thousands seeking jobs or homes for their families,” Nadir Rubie was quoted by Shoppe Black. “I am proud of what we have accomplished by being true to ourselves since day one. We value every client and partner because relationships matter; that is the core principle of our business.”

Philanthropy is also at the core of the National Standard Abstract with the establishment of the Osei Rubie Charitable Fund. The Charitable Fund is to help end racial inequality and also support community-based organizations.

According to Shoppe Black, a percentage of every closed transaction goes into the account of the charity fund which is used to empower Blacks through education, entrepreneurship, youth programming, sports, and community development.

In its first year of operation, the fund awarded $100,000 to fifteen organizations that advance black culture, excellence, and generational wealth.