San Francisco based digital mortgage platform raised $123m in a Series C round of funding led by Greenspring Associates.
I hopped on the phone with CEO and founder Max Simkoff, who described States Title as “a technology-driven solution for closing mortgages instantly.” While it initially was founded to instantly underwrite title insurance, the company has expanded that same approach to handle “every aspect” of closing and escrow. “For the first two years we built what you’d consider a full-stack insurtech company, but now we’re an end-to-end title and closing platform,” he told Crunchbase News. The company took its first product to market in the spring of 2018, using machine intelligence to underwrite title insurance. “We trained a machine to do in less than a minute what it would historically take, start to end, two to four days,” Simkoff said.
https://news.crunchbase.com/news/states-title-closes-on-123m-series-c-for-faster-mortgage-closings/