Doma and paymints.io Partner to Reduce Wire Fraud and Paper Checks
January 19 2023 - 9:10AM
Business Wire
Doma Adds Digital Payment Solution Provider
paymints.io to Vendor Partnership Program to Benefit Homebuyers,
Title and Escrow Professionals
Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive
change in the real estate industry, announced today it has added
digital payment solution provider paymints.io to its
AgentMarketplace vendor partnership program to reduce the risk of
wire fraud and allow homebuyers to digitally deposit earnest money.
Paymints.io will offer its affordably priced services to Doma’s
independent and affiliated title agent and attorney customers
nationwide. The addition of paymints.io to Doma’s AgentMarketplace
marks another step toward Doma’s vision of enabling an instant,
digital homeownership experience.
Through its AgentMarketplace program, Doma partners with
industry service providers to offer title insurance professionals
products and services to help them stay compliant, reduce costs and
inefficiencies and grow their business. In addition, Doma offers
industry-leading wire fraud prevention educational resources
including webinars, seminars, and in-office trainings; on-demand
programs and trainings through Doma Academy (formerly NATIC
University); and the CloseWatch Reward program, which awards Doma’s
title and escrow professionals $500 for proactively detecting and
thwarting fraud attempts during real estate closings, and has
prevented more than $40 million in fraud-related losses—delivering
greater peace of mind to homebuyers.
Built with the mission to eliminate the inefficiencies of
chasing paper checks and the stress caused by wire fraud, the
paymints.io platform helps homebuyers deposit their earnest money
directly from their checking account. The secure, digital SaaS
platform also gives escrow holders and settlement agents a safe,
compliant way to digitally disburse funds to clients and vendors.
Paymints.io’s white-label application enables users to create a
digital payment system with their company’s branding and imaging.
Using single sign-on authentication, users need only one set of
credentials to access their applications, which not only
streamlines the user experience, but also improves enterprise
security and identity protection.
“Paymints.io’s focus on leveraging digital technology to create
faster, more efficient closing experiences supports Doma’s mission
to transform real estate transactions using patented
machine-learning technology,” said Emilio Fernandez, President of
Doma Title Insurance, Inc. “Doma is eager to introduce paymints.io
to our title agent and attorney customers, who are seeking tools to
save time and money and compete in today’s challenging market. We
look forward to empowering our customers to use paymints.io’s
industry-leading technology and provide even more protection to
homebuyers.”
“As we further enter the digital transformation of the real
estate transaction, we’re excited to partner with Doma, whose
mission of building an instant and frictionless home closing
experience aligns harmoniously with our efforts to automate the
payment experience,” said Perla Aparicio, Vice President of
Strategic Partnerships at paymints.io.
Doma customers seeking information on using its AgentMarketplace
program or its paymints.io offering may do so by contacting Doma’s
Education Department at education@doma.com.
About Doma
Doma is a real estate technology company that is disrupting a
century-old industry by building an instant and frictionless home
closing experience for buyers and sellers. Doma uses proprietary
machine intelligence technology and deep human expertise to create
a vastly more simple and affordable experience for everyone
involved in a residential real estate transaction, including
current and prospective homeowners, mortgage lenders, title agents,
and real estate professionals. With Doma, what used to take days
can now be done in minutes, replacing an arcane and cumbersome
process with a digital experience designed for today’s world. To
learn more visit doma.com.
About paymints.io
Paymints.io is a venture-backed, SOC 2 Type II certified,
digital payments solution focused on elevating the payment
experience in a real estate transaction. Automating payments and
modernizing the B2B and B2B2C experience allows real estate
industry participants to reduce its dependency on the costly,
manual process of handling and processing paper checks. The
platform offers a variety of payment solutions including earnest
money deposit, cash to close as well as client and vendor
disbursements securely, without having to expose and share account
numbers and routing information. In 2022, paymints.io was awarded
HousingWire's Tech100 Real Estate Award for the second consecutive
year. For more information on paymints.io, visit
www.paymints.io.
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version on businesswire.com: https://www.businesswire.com/news/home/20230119005122/en/
Camilla Whitmore | Lead, Public Relations for Doma |
press@doma.com Perla Aparicio | VP of Strategic Partnerships for
paymints.io | perla.aparicio@paymints.io
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