Doma companions with paymints.io to restrict wire fraud

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

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

The goal of the partnership is to cut back the chance of wire fraud by including paymints.io to Doma’s AgentMarketplace vendor partnership program. Paymints.io’s companies will now be accessible to Doma’s unbiased and affiliated title agent and legal professional clients.

In a 2022 survey by the American Land Title Affiliation, 46% of respondents stated their workers 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 way of 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 keeping with a press release.

Doma Academy additionally supplies assets like webinars and coaching to stop wire fraud.

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

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

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

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

In 2022, each firms featured in HousingWire’s Tech100 Awards, with paymints.io in the actual property class whereas Doma received 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.