Doma and paymints.io Partner to Reduce Wire Fraud and Paper Checks
Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive change in the real estate industry, announced today it has added digital payment solution provider paymints.io to its AgentMarketplace vendor partnership program to reduce the risk of wire fraud and allow homebuyers to digitally deposit earnest money. Paymints.io will offer its affordably priced services to Doma’s independent and affiliated title agent and attorney customers nationwide. The addition of paymints.io to Doma’s AgentMarketplace marks another step toward Doma’s vision of enabling an instant, digital homeownership experience.
Through its AgentMarketplace program, Doma partners with industry service providers to offer title insurance professionals products and services to help them stay compliant, reduce costs and inefficiencies and grow their business. In addition, Doma offers industry-leading wire fraud prevention educational resources including webinars, seminars, and in-office trainings; on-demand programs and trainings through Doma Academy (formerly NATIC University); and the CloseWatch Reward program, which awards Doma’s title and escrow professionals $500 for proactively detecting and thwarting fraud attempts during real estate closings, and has prevented more than $40 million in fraud-related losses—delivering greater peace of mind to homebuyers.
Built with the mission to eliminate the inefficiencies of chasing paper checks and the stress caused by wire fraud, the paymints.io platform helps homebuyers deposit their earnest money directly from their checking account. The secure, digital SaaS platform also gives escrow holders and settlement agents a safe, compliant way to digitally disburse funds to clients and vendors. Paymints.io’s white-label application enables users to create a digital payment system with their company’s branding and imaging. Using single sign-on authentication, users need only one set of credentials to access their applications, which not only streamlines the user experience, but also improves enterprise security and identity protection.
“Paymints.io’s focus on leveraging digital technology to create faster, more efficient closing experiences supports Doma’s mission to transform real estate transactions using patented machine-learning technology,” said Emilio Fernandez, President of Doma Title Insurance, Inc. “Doma is eager to introduce paymints.io to our title agent and attorney customers, who are seeking tools to save time and money and compete in today’s challenging market. We look forward to empowering our customers to use paymints.io’s industry-leading technology and provide even more protection to homebuyers.”
“As we further enter the digital transformation of the real estate transaction, we’re excited to partner with Doma, whose mission of building an instant and frictionless home closing experience aligns harmoniously with our efforts to automate the payment experience,” said Perla Aparicio, Vice President of Strategic Partnerships at paymints.io.
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