Real Estate

Real estate title firm Doma, backed by Lennar, to go public in deal with SPAC

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Rows of houses in Las Vegas.

Jacob Kepler | Bloomberg | Getty Images

Doma, a firm that looks to disrupt the real estate title insurance market, has agreed to combine with Capitol Investment Corp. V, a publicly traded special purpose acquisition company.

Doma, formerly known as States Title, has a less than 1% share of the title market in the U.S. but projects to be at 5% by 2023.

The company is backed in part by Lennar, one of the nation’s biggest homebuilders.

“I founded Doma to remove friction and frustration from home-buying and to make closing on a home as simple and efficient as booking a ride or ordering a meal,” said Max Simkoff, founder and CEO of Doma.

“Right now, our patented machine…



Source cnbc.com

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