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After more than 12 years working in the real estate lending arena, Fran Azur was frustrated with the industry. He left his position as executive vice president and chief operating officer of national mortgage lender Liberty Loan Corp., and took a chance on the small Pennsylvania regional title agency that would soon become Lender's Service Inc.
The year was 1981, and for more than a decade, Mr. Azur was responsible for all aspects of Lender's daily operations, building it from a small local firm to...