Doma and paymints.io Collaborate to Reduce Fraud and Paper Checks

Doma Holdings Inc. (NYSE: DOMA), a leading force in the real estate revolution, today announced the addition of digital payment solutions provider paymints.io to its AgentMarketplace partner program to mitigate the risk of wire fraud and enable homebuyers to deposit digitally. Paymints.io will offer its services at affordable prices to independent and affiliated Doma agents and attorneys across the country. The addition of paymints.io to Doma’s AgentMarketplace marks another step in Doma’s vision to enable instant digital property ownership.

Through its AgentMarketplace program, Doma partners with industry service providers to offer products and services to title insurance professionals to help them meet requirements, reduce costs and inefficiencies, and grow their business. In addition, Doma offers industry-leading educational resources on electronic fraud prevention, including webinars, seminars, and in-office training; on-demand programs and trainings through Doma Academy (formerly NATIC University); and the CloseWatch Reward program, which awards $500 to Doma’s title and escrow specialists for actively detecting and stopping fraud attempts during closing real estate deals and has prevented more than $40 million in fraud-related losses, providing greater peace of mind to homebuyers .

Designed to eliminate the inefficiency of paper check chasing and the stress of wire fraud, paymints.io helps homebuyers pay deposits directly from their checking account. The secure SaaS digital platform also provides escrow holders and settlement agents with a secure and compliant way to digitally pay out funds to customers and suppliers. The Paymints.io white-label app allows users to create a digital payment system with their company logo and image. With single sign-on authentication, users require only one set of credentials to access their applications, which not only simplifies the user experience, but also enhances enterprise security and identity protection.

“Paymints.io’s focus on using digital technology to create a faster and more efficient closing process supports Doma’s mission to transform real estate transactions using proprietary machine learning technology,” said Emilio Fernandez, president of Doma Title Insurance, Inc. “Doma is committed to introducing paymints.io to its clients with title agents and attorneys who are looking for tools to save time and money and compete in today’s challenging market. We look forward to enabling our customers to leverage paymints.io’s industry-leading technology and provide even more home buyer protection.”

“As we continue to digitally transform the real estate transaction, we are delighted to partner with Doma, whose mission to create an instant and hassle-free home closing process aligns seamlessly with our efforts to automate the payment process.” said Perla Aparicio, VP of Strategic Partnerships at paymints.io.