Endpoint, a digital title and settlement services company, has secured an additional USD150 million in funding from its parent company, First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions.
This latest investment, which brings the total capital raised by the company to USD220 million, will allow Endpoint to augment its technology team, further invest in title and settlement automation, and expand its capabilities for proptech companies and real estate professionals focused on delivering a re-imagined home closing process to their customers.
“Endpoint’s impressive growth reflects First American’s commitment to leading the digital transformation of title and settlement,” says Dennis Gilmore, CEO of First American Financial Corporation. “This next phase of investment will further accelerate our overall efforts to improve the process of transacting real estate.”
Since its launch in 2018, Endpoint has continued to surpass its growth targets, teaming with real estate agents, brokerage firms and proptech companies to close more than USD2.5 billion in transactions. In 2021, Endpoint doubled its employee base as it expanded into Northern California and Texas, and continued to grow its existing operations in Washington, Arizona and Southern California. In addition, Endpoint has been a leader in executing remote online notarisations at scale.
Endpoint continues to enhance its platform, introduce new proprietary features, and increase automation that helps enable an increasingly efficient closing experience. Enhancements include leveraging artificial intelligence to expedite processes and reduce the time needed to complete tasks, allowing title and settlement services professionals to spend more time supporting buyers and sellers. Additionally, the recent release of a completely revamped application programming interface (API) will broaden integration capabilities with proptech companies and brokerages.
“The additional investment from First American supports our mission to deliver a fully digital closing experience to even more buyers, sellers and real estate professionals,” says Scott Martino, CEO of Endpoint. “The capital will fuel enhancements designed to further our position as the go-to company for agents and proptech companies focused on providing a purchase experience that integrates state-of-the-art technology and superior customer service.”
Endpoint’s technology and processes were built from the ground up to deliver a seamless purchase transaction and empower all parties throughout the closing process. Its human-driven, technology-enabled approach provides a digital and mobile solution for tech-forward real estate professionals and proptech companies eager to provide a re-imagined buying and selling process from start to finish.
