Doma Brings Machine Learning Technology to Approximately 83% of US Residential Real Estate Market
Doma Holdings (NYSE: DOMA) has announced the expansion of its Doma Intelligence platform into five new U.S. states and Kentucky, increasing its coverage to approximately 83% of the residential real estate market. This expansion enables Doma's partners, including major mortgage lenders like Chase and Wells Fargo, to utilize advanced machine learning for faster and more cost-effective closing processes. In Q3 2021, Doma reported a significant 386% increase in closed orders compared to Q3 2020, highlighting robust demand for its technology.
- Expansion into five new states and Kentucky, increasing market coverage to 83%.
- 386% increase in closed orders in Q3 2021 compared to Q3 2020, indicating strong demand.
- Major partners like Chase and Wells Fargo adopting Doma's machine learning technology.
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Expansion represents a key milestone in the company’s plans to make the Doma Intelligence platform available nationwide*
Chase, Wells Fargo, Homepoint, and
In Q3 2021, Doma increased closed orders in its Enterprise segment by 386 percent versus Q3 2020 demonstrating a strong desire from mortgage lending customers to leverage the Doma Intelligence platform and expand across additional markets. “As we continue to outpace the industry and expand into new markets, our focus on combining machine learning-driven technology with bespoke operations will make simple, instant, and digital closings the new normal,” said
*Except for
About
Doma (NYSE: DOMA) is architecting the future of real estate transactions. The company uses machine intelligence and its proprietary technology solutions to transform residential real estate, making closings instant and affordable. Doma and its family of brands – States Title,
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