Doma Launches Home Equity Solutions to Support Shifting Lender Business
October 6, 2022
Doma Holdings Inc. released a new home equity financing offering built for lenders.
The solution leverages Doma’s Intelligence platform to accelerate the title search for home equity loans and home equity lines of credit (HELOC). According to Doma, its proprietary machine intelligence-powered solutions can deliver 80% of title decisions in minutes.
“In an environment of fluctuating interest rates and housing inventory, Doma addressed the need from lenders to close loans faster and minimize costs to better serve their customers in the current market,” said Max Simkoff, CEO of Doma. “Doma’s mission has always been to deliver a better, faster, and more affordable home closing experience, and we’re excited to expand our solutions for lenders’ shifting business and extend the digital-first benefits to the home equity financing market.”
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