Doma Customer AdvantageFirst Closes Loans Up to 30 Days Faster by Leveraging Doma’s Instant Title Commitments
January 05 2022 - 9:10AM
Business Wire
Doma’s dedicated service model coupled with its
instant title technology enables AdvantageFirst to compete with
bigger lenders and aggressively expand into new regions while
achieving time and cost-savings benefits for its customers
Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive
change in the real estate industry, today announced that its
technology driven title solutions, powered by the Doma Intelligence
platform, are helping to drive growth and significant business
results for AdvantageFirst, a company renowned for its dedication
to enhancing the customer experience in all aspects of its
business.
Prior to working with Doma, AdvantageFirst experienced long wait
times from title providers, which led to increased costs and a
diminished capacity to process loans. Since it began using Doma’s
technology to process refinance title orders instantly,
AdvantageFirst’s processing times, which once took up to 10 days,
have been drastically accelerated. In fact, 77 percent of such
orders AdvantageFirst processes in most states receive a title
decision in under one minute.
“Doma’s communication is night and day compared to what we were
used to,” said Jeff Ravenstine, Executive Vice President of
Operations at AdvantageFirst. “Between fast response times and
deployment of instant title technology, we’re now closing up to 30
days faster. We’re excited to continue working and growing our
partnership with Doma to further streamline our operations as we
expand our offerings across the East Coast.”
Using Doma’s technology and dedicated concierge service,
AdvantageFirst borrowers can be assured their transactions will be
completed accurately and swiftly, with direct savings of up to $600
per refinance transaction.
“It’s impressive to see firsthand the efficiency gains
AdvantageFirst has been able to achieve by implementing Doma’s
technology so far,” said Max Simkoff, Doma CEO. “We’re proud to
work with a company that is committed to providing its customers
with an instant, digital closing experience and look forward to
helping AdvantageFirst continue to exceed the expectations of its
customers.”
About Doma 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, North American Title Company (NATC) and
North American Title Insurance Company (NATIC) – offer solutions
for current and prospective homeowners, lenders, title agents, and
real estate professionals that make closings vastly more simple and
efficient, reducing cost and increasing customer satisfaction.
Doma’s clients include some of the largest bank and non-bank
lenders in the United States. To learn 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 educating clients is
paramount to a smooth transaction. Clients put their trust in us
that we will deliver the rates, costs, and products we have
promised in the timeframes they expect. We hold this promise in the
highest regard and are determined to fulfill it. For more
information visit advantage1st.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220105005298/en/
Media Contact: Camilla Whitmore
camilla.whitmore@doma.com
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