Doma, a San Francisco-based technology company previously known as States Title Holding, has expanded its mortgage-closing platform into Massachusetts.

Massachusetts is one of three states, along with South Carolina and Wisconsin, that Doma recently added to its network, the company said in a statement. Based on gross market premium, Doma said its network now covers approximately 76 percent of the United States.

Doma said its real estate mortgage platform, called Doma Intelligence, includes underwriting and fee balancing features driven by machine learning, simplifies the title and escrow workflow, and automates time-consuming portions of the transaction. Lenders that use Doma’s technology include Chase, Homepoint and PennyMac.

“Our mission is to remove the friction and frustration from the home buying process, and with every new state expansion, Doma’s technology enabled solutions will benefit more lenders, real estate agents, and consumers,” Max Simkoff, Doma’s CEO, said in the statement. “As we accelerate growth across the country, we look forward to the day when paper-heavy, time-consuming closing processes are completely a thing of the past.”

The company said it plans to expand the platform nationwide, except in Iowa, which does not allow private title insurance.

Doma also plans to become a public company through a merger that was announced in March with Capitol Investment Corp. V, a publicly traded special purpose acquisition company.

Doma Expands Mortgage Closing Platform in Massachusetts

by Banker & Tradesman time to read: 1 min
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