Doma companions with paymints.io to restrict wire fraud

Actual property know-how firm Doma Holdings, Inc. partnered with digital fee software-as-a-service platform paymints.io, the corporate introduced final week.

Title and shutting companies use paymints.io to permit homebuyers deposit their earnest cash digitally and instantly from their checking account.

The intention of the partnership is to scale back the danger of wire fraud by including paymints.io to Doma’s AgentMarketplace vendor partnership program. Paymints.io’s providers will now be out there to Doma’s impartial and affiliated title agent and lawyer clients.

In a 2022 survey by the American Land Title Affiliation, 46% of respondents stated their staff obtain a minimal of 1 fraudulent e-mail every month.

Doma, which makes use of machine intelligence and proprietary know-how options, companions with service suppliers by the AgentMarketplace program. These suppliers assist title insurance coverage professionals obtain the instruments to “keep compliant, scale back prices and inefficiencies and develop their enterprise,” in line with a press release.

Doma Academy additionally gives sources like webinars and coaching to forestall wire fraud.

“Doma is raring to introduce paymints.io to our title agent and lawyer clients, who’re in search of instruments to avoid wasting money and time and compete in at present’s difficult market,” stated Emilio Fernandez, president of Doma Title Insurance coverage, Inc.

The corporate’s CloseWatch Reward program offers its title and escrow professionals $500 once they detect and forestall fraud throughout closing transactions, and has prevented the lack of greater than $40 million so far.

paymints.io permits customers to make use of single sign-on authentication and requires one set of credentials to entry their functions.

“As we additional enter the digital transformation of the true property transaction, we’re excited to associate with Doma, whose mission of constructing an prompt and frictionless dwelling closing expertise aligns harmoniously with our efforts to automate the fee expertise,” stated Perla Aparicio, Vice President of Strategic Partnerships at paymints.io.

In 2022, each corporations featured in HousingWire’s Tech100 Awards, with paymints.io in the true property class whereas Doma gained within the mortgage class.

paymints.io built-in with Notarize in April 2022 and with First American Title Insurance coverage Firm’s PRISM in September 2022.