Fathom Holdings' Subsidiary, Verus Title, Expands Into Rhode Island

Rhea-AI Summary

Fathom Holdings Inc. (Nasdaq: FTHM) announced the expansion of its subsidiary, Verus Title, into Rhode Island. This marks a significant milestone in Verus Title's growth strategy, extending its operations to 29 states across the U.S. The expansion demonstrates Fathom Holdings' commitment to pursuing targeted growth opportunities and diversifying its portfolio.

Jon Gwin, Fathom's Chief Operating Officer, emphasized the company's strategic vision of growth and innovation. Monica Schroeder, Verus Title President, expressed excitement about bringing their expertise and innovative solutions to Rhode Island. This expansion aligns with Verus Title's mission to provide exceptional real estate settlement and title services on a broader scale.

Positive

• Expansion of Verus Title into Rhode Island, marking its 29th state of operation
• Strengthening of Fathom Holdings' diversified portfolio
• Extension of Verus Title's reach and market presence

Negative

• None.

Expansion Strengthens Fathom's Diversified Portfolio and Enhances Verus Title's Reach

CARY, N.C., Oct. 8, 2024 /PRNewswire/ -- Fathom Holdings Inc. (Nasdaq: FTHM), a national, technology-driven real estate services platform, today announced the expansion of its subsidiary, Verus Title, into Rhode Island. This move marks a key milestone in Verus Title's growth strategy, extending its operations to 29 states across the U.S.

The expansion into Rhode Island highlights Fathom Holdings' commitment to pursuing targeted growth opportunities while broadening its service offerings to meet the evolving needs of its clients and agents nationwide. With the addition of Rhode Island, Verus Title strengthens its national presence, further solidifying its impact on the real estate industry.

"The growth of Verus Title into Rhode Island demonstrates our commitment to a strategic vision of growth and innovation," said Jon Gwin, Fathom's Chief Operating Officer. "At the same time, the overall expansion under Fathom Holdings reflects our goal to diversify and strengthen our portfolio across multiple sectors. Together, we are building an incredible future with limitless potential. By leveraging cutting-edge technology and fostering a culture of collaboration, we are moving forward to serve our suite of companies, teams, clients, and investors."

Verus Title, a leading provider of title insurance and settlement services, is known for delivering exceptional customer service through innovative, technology-driven solutions. Its expansion into Rhode Island supports the company's mission to provide seamless, high-quality services to real estate professionals and clients across the country.

"We are thrilled to announce that Rhode Island is the 29th state for Verus Title," said Verus Title President Monica Schroeder. "This growth represents a significant milestone in our journey and aligns perfectly with our mission to provide exceptional real estate settlement and title services on a broader scale. Our team is excited to bring our expertise, dedication to customer service, and innovative solutions to Rhode Island. We look forward to building strong relationships within this community and continuing to set the standard for excellence in our industry."

About Verus Title
Verus Title is a subsidiary of Fathom Holdings Inc., offering comprehensive title insurance and settlement services. Verus Title is committed to innovation, technology, and customer satisfaction, providing real estate professionals and consumers with efficient, transparent, and reliable solutions.

About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title. For more information, visit www.FathomInc.com.

Investor Contact:
Matt Glover and Clay Liolios
Gateway Group, Inc.
949-574-3860 
FTHM@gateway-grp.com

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SOURCE Fathom Holdings Inc.

FAQ

What is the significance of Verus Title's expansion into Rhode Island for Fathom Holdings (FTHM)?

The expansion strengthens Fathom Holdings' diversified portfolio, enhances Verus Title's reach, and demonstrates the company's commitment to strategic growth and innovation in the real estate services sector.

How many states does Verus Title now operate in after expanding to Rhode Island?

With the addition of Rhode Island, Verus Title now operates in 29 states across the United States.

What services does Verus Title, a subsidiary of Fathom Holdings (FTHM), provide?

Verus Title is a leading provider of title insurance and settlement services, known for delivering exceptional customer service through innovative, technology-driven solutions in the real estate industry.

Who announced the expansion of Verus Title into Rhode Island for Fathom Holdings (FTHM)?

Jon Gwin, Fathom's Chief Operating Officer, and Monica Schroeder, Verus Title President, both commented on the expansion in the press release.