Good afternoon —
Everyone wants in on title, and such mergers and acquisitions leave us wondering about the future of mom-and-pop title outfits.
A prime example of such deal making is by Fathom Holdings, a national real estate services platform "integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents."
In November, Fathom acquired Verus Title so it could expand its presence in Texas, Illinois, Indiana, Maryland and Virginia. The company specifically had its eye on North Texas, where the Dallas-Fort Worth metroplex is projected to be the sixth-hottest housing market this year, according to a survey of real estate professionals.
Fathom Realty has approximately 2,400 real estate agents in Texas, including around 1,700 in the Dallas-Fort Worth metroplex. Now, those agents can conveniently use Verus Title.
"Opening in Texas has been a priority for us, and I'm excited that we are now licensed to operate there," Yurashevich said. "We believe that the demand for an innovative title agency such as Verus, with industry-leading technology and a national footprint, is significant. Our goal is to leverage that demand through additional planned growth."
Fathom-owned Verus is planning a full U.S. rollout in the future. Other Fathom brands include Dagley Insurance, Encompass Lending, intelliAgent, and Real Results. In March, Fathom acquired Georgia-based Red Barn Real Estate and in April, it acquired LiveBy, a hyperlocal data and technology platform.
With more and more big national players seeking to control every touchpoint of the real estate transaction, including title, is the future of local title companies in doubt? As always, you can reach out at swheeler@housingwire.com.
Until next week —
Sarah Wheeler
HousingWire Editor in Chief
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