Doma’s AI-powered title and escrow solutions streamline processes and deliver a superior experience for Fairway customers
SAN FRANCISCO, July 15, 2021– (BUSINESS WIRING) – Doma, a leading force in revolutionizing the real estate industry, announced today that its Doma Intelligence platform, title and escrow solutions will help ensure the successful completion of real estate transactions for Fairway Independent Mortgage Corporation (“Fairway”), a leading nationwide mortgage lender. Today’s announcement follows Doma entering into a business combination agreement with Capitol Investment Corp. in March 2021. V (NYSE: CAP, CAP WS and CAP.U) (“Capitol”), a publicly traded special purpose acquisition company.
Fairway will use Doma’s proprietary machine intelligence technology to eliminate the key friction and frustrations associated with traditional mortgage closing for both loan officers and mortgage clients. Fairway is currently using Doma’s closure solutions as part of its direct consumer communications channel, Homefinity, with plans to expand their use as required.
“As an industry leader, we always strive to innovate technology that will improve processes and provide our customers with a world-class experience,” said Paul Walnick, President of Business Development at Fairway. “The implementation of Doma solutions is a testament to this, improving the process for our team and our clients, and we are delighted to be working together to improve mortgage terms.”
“Customer-centric companies that prioritize technology solutions will be market leaders as more and more consumers demand instant digital interaction,” said Max Simkoff, CEO of Doma. “We are thrilled to be working with Fairway to provide their team and clients with an exceptional, streamlined and streamlined closing process.”
Doma is a technology company dedicated to creating an easier, more efficient and affordable deal closing process for current and prospective homeowners, lenders, title agents and real estate professionals. Founded in 2016, Doma uses patented machine intelligence technology that learns from 30 years of historical data to eliminate friction and frustration in the home closure process.
About the House
Doma Holdings, Inc. (formerly State Title Holding, Inc.) is building the future of real estate transactions. The company uses machine intelligence and its patented technology solutions to transform residential real estate, making home 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 greatly simplify the closing process. and effective, reducing costs and increasing customer satisfaction. The House’s clients include some of the largest bank and non-bank lenders in the United States. In March 2021, Doma announced plans to go public through a merger with Capitol Investment Corp. V (NYSE: CAP, CAP WS and CAP.U). Visit doma.com to find out more.
About Capitol Investment Corp. V
Capitol Investment Corp. V is a $ 345 million public investment company that aims to invest in and help build an industry-leading public company that aims to deliver long-term returns to shareholders. Capitol is chaired by Chairman and Chief Executive Officer Mark D. Ein and President and Chief Financial Officer L. Dyson Dryden. Since 2007, the Capitol team has raised $ 1.5 billion in five SPACs and closed four SPAC mergers. Capitol is listed on the New York Stock Exchange under the tickers CAP, CAP WS and CAP.U.
Additional information and where to find it
This press release concerns the alleged deal between Dom and the Capitol. This press release does not constitute an offer to sell or exchange, or a solicitation to offer to buy or exchange any securities, nor is it permitted to sell securities in any jurisdiction in which such an offer, sale or exchange would have been illegal prior to registration or qualification under the securities laws of any such jurisdiction. Securities may not be offered except by way of a prospectus complying with the requirements of Section 10 of the Securities Act of 1933, as amended. Capitol has filed a Form S-4 filing with the US Securities and Exchange Commission (“SEC”), which includes a document serving as a prospectus and Capitol Fiduciary Statement called a Fiduciary Statement / Prospectus. The Registration Statement was declared effective on July 2, 2021, and the Power of Attorney Statement / Prospectus was circulated to all registered shareholders of the Capitol at the close of business on June 8, 2021, the recording date set for the EGM. related to the proposed transaction. Capitol will also file other documents regarding the proposed deal with the SEC. Investors and holders of Capitol Securities are strongly encouraged to read the Registration Statement, Proxy Statement / Prospectus, and all other relevant documents filed or filed with the SEC in connection with the proposed transaction, before making any voting decision. appearances, as they will contain important information about the proposed transaction.
Investors and securities holders can obtain free copies of the registration application, power of attorney / prospectus statement and all other relevant documents filed or to be filed by Capitol with the SEC through the website maintained by the SEC at: www.sec.gov…
Documents filed by Capitol with the SEC can also be obtained free of charge from the Capitol website at: https://www.capinvestment.com/ or upon written request at 1300 17th Street North, Suite 820, Arlington, Virginia 22209.
Participants in the petition
Capitol and Doma and their respective directors and executive officers may be deemed to have requested proxies from Capitol shareholders in connection with the proposed transaction. A list of the names of such directors and executive officers, as well as information regarding their interests in the business combination, is contained in the power of attorney / prospectus. You can get free copies of these documents as described in the previous paragraph.
Forward-looking statements legend
This press release includes “forward-looking statements” within the meaning of “safe harbor” of the 1995 US Private Securities Litigation Reform Act. Forward-looking statements can be identified using words such as “estimate”, “plan”, “project”, “forecast”, “intend”, “will”, “expect”, “anticipate”, “believe”, “seek” , “Purpose” or other similar expressions that predict or indicate future events or trends, or that are not statements of historical interest. These forward-looking statements include, but are not limited to, statements regarding estimates and projections of financial performance and performance indicators, forecasts of market opportunities, total available market (TAM), market share and competition, and potential benefits from the transactions described herein, and See also expectations related to the terms and conditions of the transactions described in this document. These statements are based on various assumptions, whether contained in this press release or not, and are based on the current expectations of the management of Dom and Capitol and are not forecasts of actual performance. These forward-looking statements are presented for illustrative purposes only and are not intended to be used as a guarantee, assurance, forecast or final statement of fact or likelihood, and should not be relied on by any investor. Actual events and circumstances are difficult or impossible to predict, will differ from assumptions and are outside the control of the House and the Capitol.
These forward-looking statements are subject to a number of risks and uncertainties, including changes in business, market, financial, political and legal conditions; failure of the parties to successfully or promptly complete the transactions described in this document; failure to realize the expected benefits of the transactions described in this document; risks associated with the uncertainty of the projected financial information regarding the House; future global, regional or local economic, political, market and social conditions, including due to the COVID-19 pandemic; developing, operating and enforcing laws and regulations, including in relation to the title insurance industry; Doma’s ability to manage its future growth or develop or purchase enhancements for its platform; the impact of competition on the future business of the House; the results of any potential litigation, government or regulatory litigation, investigation and investigation; and those other factors included in Capitol’s final prospectus pertaining to its December 1, 2020 IPO (file # 333-249297) and S-4 filing (file # 333-254470) filed with the SEC under the heading “Risk Factors” and other documents that Capitol has filed or will file with the SEC.
Should any of these risks materialize or Doma’s or Capitol’s assumptions prove to be incorrect, actual results could differ materially from those implied by these forward-looking statements. There may be additional risks, which neither Doma nor Capitol are currently aware of, or which Doma or Capitol currently consider to be immaterial, which could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Doma and Capitol’s expectations, plans or projections regarding future events and views as of the date of this press release. Dom and Capitol anticipate that subsequent events and developments will lead to a change in the ratings of Dom and Capitol. However, while Doma and Capitol may choose to update these forward-looking statements at some time in the future, Doma and Capitol expressly disclaim any obligation to do so, except as required by law. These forward-looking statements should not be relied on as estimates by Doma and Capitol at any date following the date of this press release. Accordingly, you should not place undue reliance on forward-looking statements.
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