Opendoor, which buys homes directly from sellers and operates a title and escrow business, is acquiring part of Doma, a proptech company specializing in automated title search and closing workflows. This acquisition aims to make mortgage refinancing faster and more affordable. By combining Doma’s AI-driven title risk decisioning and Fannie Mae pilot experience with Opendoor’s closing infrastructure, Opendoor will gain greater control over the processes that influence refinance cost and speed. More broadly, this move reflects a proptech trend toward automation and vertical integration to reduce housing transaction costs, particularly as efficiency becomes more important in a weaker refinance market.

Opendoor Acquires Doma’s Closing and Escrow Business in Bid to Lower Mortgage Refinance Costs