Endpoint raises $40 million from First American
Endpoint , a digital title and escrow company, announced an additional investment of $40 million from its parent company, First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions. This investment brings the total funding received to date to $70 million, and will help accelerate Endpoint’s strategic hiring plans, proprietary technology development, and expansion into new US markets.
“Endpoint’s early success reflects First American’s 130-year history of leading the title and settlement industry in enhancing the customer experience,” said Dennis Gilmore, CEO of First American Financial Corporation. “Our increased investment affirms our commitment to developing innovative, state-of-the-art technologies that improve the process of transacting real estate.”
Launched in Seattle, Endpoint surpassed its growth targets in the market and has since expanded operations into Southern California and Arizona. The company has doubled its employee base this year and is currently rolling out enhancements to its platform that further simplify transaction management and improve accessibility from any device.
“Today’s home buyers and sellers live, work and play predominantly online where they expect a certain level of convenience and speed. Endpoint combines innovative technology with the expertise of experienced escrow officers and provides a digital compass for the most significant purchase of a home buyer’s lifetime,” said Scott Martino, CEO of Endpoint. “Our team is committed to supporting real estate agents and their clients as they navigate this process, while rapidly and conveniently completing their transactions.”
The investment will accelerate Endpoint’s geographic expansion and escrow automation development, enabling an increasingly secure and efficient settlement service. These efficiencies enable Endpoint’s teams to recapture time, which is then invested in providing better customer service to real estate agents, transaction coordinators, home buyers and sellers.
“There are a number of companies attempting to deploy technology to speed up the digitization of the real estate transaction,” said Paul Hurst, Managing Director, Venture Investments at First American Financial Corporation. “Endpoint has already validated the demand for, and the functionality of, its product and is now broadening its focus to fundamentally simplify and automate the escrow process across all states, with the support of First American.”
Endpoint’s digital title and escrow platform offers tools across its web, iOS and Android apps that help real estate agents grow their repeat and referral business. With a completely revamped interface launched earlier this month and new features, including optimized transaction management and activity tracking, Endpoint enables real estate professionals to deliver an enhanced closing experience for their home buyers and sellers.