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
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
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
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
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
Executives say the layoffs will save the company about $30 million a year and help it bring its technology to bear on purchase mortgages. Continue reading
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
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 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