Tag Archives: Max Simkoff

Title underwriter TRG inks $85M merger deal to take Doma private

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If approved by shareholders and regulators, the proposed merger would result in an all-cash transaction, with TRG acquiring Doma’s outstanding shares at 38 percent premium of $6.29 per share. Continue reading →

Title technology provider Doma posts $124M 2023 net loss

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CEO Max Simkoff says the company is well positioned to help lenders take advantage of the Biden administration’s push to reduce closing costs for mortgage borrowers. Continue reading →

Doma sells off more title operations in Texas and Midwest

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Deals with Capital Title of Texas and Near North Title Group follow the sale of 22 retail title locations and operations centers in California to Williston Financial Group in May. Continue reading →

WFG swoops in to acquire nearly two dozen Doma title locations

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The struggling digital title and closing provider is set to receive up to $24.5 million with earnouts “based on the retention of specified employees” by WFG Continue reading →

Doma announces more layoffs as cumulative losses top $300M

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Layoffs of 561 workers are expected to generate $70 million in annual cost savings, buying time for digital title insurer to adapt its “instant underwriting” technology for purchase loans. Continue reading →

Early investors bail on Doma’s SPAC merger

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Digital title, escrow and closing provider Doma raised less than anticipated in a SPAC merger this week, after paying out nearly $295 million to early investors who redeemed their shares. Continue reading →

Digital closing firm Doma sees agents as key area for growth

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Doma, which plans to go public this month on the strength of its digital title insurance, escrow and closing platform, is intent on growing its business with real estate agents. Continue reading →

Doma adds Wells Fargo as a client as it prepares to go public

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Doma offers “instant underwriting” of title insurance for mortgage refinancing, along with remote and digital closing and escrow services for all types of mortgages. Continue reading →