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Doma Customer AdvantageFirst completes loans up to 30 days faster by leveraging Doma’s instant title commitments

SAN FRANCISCO – (COMMERCIAL THREAD) – Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive change in the real estate industry, today announced that its technology-driven securities solutions powered by the Doma platform Intelligence, help drive business growth and significant results for AdvantageFirst, a company renowned for its commitment to improving the customer experience in all aspects of its business.

Prior to working with Doma, AdvantageFirst experienced long wait times from title providers, which resulted in increased costs and decreased loan processing capacity. Since it began using Doma’s technology to instantly process securities refinancing orders, AdvantageFirst’s processing times, which once took up to 10 days, have been significantly accelerated. In fact, 77% of those orders processed by AdvantageFirst in most states receive a title decision within a minute.

“Doma communicates day and night compared to what we were used to,” said Jeff Ravenstine, executive vice president of operations at AdvantageFirst. “Between the rapid response times and the deployment of instant title technology, we are now closing up to 30 days faster. We are excited to continue to work and grow our partnership with Doma to further streamline our operations as we expand our offerings on the East Coast. ”

With Doma’s technology and dedicated concierge service, AdvantageFirst borrowers can rest assured that their transactions will be completed accurately and quickly, with direct savings of up to $ 600 per refinance transaction.

“It is impressive to see first-hand the efficiency gains AdvantageFirst has been able to achieve by implementing Doma’s technology so far,” said Max Simkoff, CEO of Doma. “We are proud to work with a company that is committed to providing its customers with an instant digital closing experience and we look forward to helping AdvantageFirst continue to exceed customer expectations. ”

About Doma

Doma is shaping the future of real estate transactions. The company uses artificial intelligence and its proprietary technology solutions to transform residential real estate, making closures instant and affordable. Doma and its family of brands – States Title, North American Title Company (NATC) and North American Title Insurance Company (NATIC) – provide solutions for current and potential homeowners, lenders, title agents and real estate professionals which considerably simplify closures. and efficient, reducing costs and increasing customer satisfaction. Doma’s clients include some of the largest bank and non-bank lenders in the United States. To find out more visit doma.com.

About AdvantageFirst

At AdvantageFirst, our team is dedicated to providing our clients with the highest quality financial services possible. We believe that customer education is paramount for a smooth transaction. Customers trust us to get them the prices, costs and products they promise on time they expect. We hold this promise in the highest regard and are determined to keep it. For more information visit advantage1st.com.