First American Launches Endpoint, Invests $30 Million
First American Financial Corporation, a provider of title insurance, settlement services and risk solutions for real estate transactions, has launched Endpoint, a mobile-first title and escrow company that provides a reimagined closing experience for buyers, sellers and their real estate agents. Developed as a new stand-alone company, Endpoint combines First American’s title and settlement expertise with the innovative approach of an agile startup to provide a digital real estate closing experience from start to finish. First American has invested $30 million to drive the company’s development and growth.
Designed and developed in collaboration with BCG Digital Ventures, the global corporate venture, investment and incubation arm of the Boston Consulting Group, Endpoint delivers its title and escrow service through a suite of web, iOS and Android apps.
Significant features of Endpoint include:
- All parties have real-time visibility into the closing process with progress tracking, push notifications and secure messaging.
- Documents are completed in the app, with guidance as to what information is needed and how much time each task is likely to take.
- Earnest money can be transferred digitally, and all parties are notified once the money is received.
- E-signatures can be completed in the platform, while a mobile notary can be scheduled to facilitate a wet signature at no additional cost.
Endpoint is operating in Seattle and expects to expand into California, Arizona and Texas over the next nine months, with further growth planned through 2021.
