Opendoor to Acquire Doma Closing and Escrow Unit

Opendoor is acquiring part of Doma’s closing and escrow business to make mortgage refinance closings faster and more affordable. The transaction brings 85 Doma employees into Opendoor.

Doma’s technology automates title searches and supports the closing workflow, including title, escrow, and underwriting, using machine learning and AI. The article notes Doma’s tech has been used in a Fannie Mae pilot program since 2024 to reduce title insurance costs on eligible refinance transactions, extended through 2027.

Terms of the deal were not disclosed.