Endpoint Announces New $40 Million Investment From First American to Expand Digital Real Estate Closing Platform
Summary
“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. “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. “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. 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. First American Financial Corporation (NYSE: FAF) is a leading provider of title insurance, settlement services and risk solutions for real estate transactions that traces its heritage back to 1889.
Funding
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