The investment more than triples the company’s total funding, bringing it to $220 million. The funding will enable Endpoint to bolster its technology team and invest in its title and settlement automation.
“The additional investment from First American supports our mission to deliver a fully digital closing experience to even more buyers, sellers and real estate professionals,” Scott Martino, Endpoint chief executive, said in a statement. “The capital will fuel enhancements designed to further our position as the go-to company for agents and proptech companies focused on providing a purchase experience that integrates state-of-the-art technology and superior customer service.”
Endpoint was founded in 2018 through a collaboration between First American Financial and BCG Digital Ventures, the venture capital division of Boston Consulting Group. The company develops technology to help buyers, sellers and real estate agents with the process of closing on a property purchase, a process that is traditionally paper-heavy.
Pricing for the company’s products varies by state. In California, Endpoint’s technology costs around $1,000 and includes recording services, mobile notary, document preparation and wire services for brokers and agents. Endpoint also assigns a team of local escrow and title experts to each transaction that are available for customers’ questions, according to its website.
Along with its El Segundo headquarters, the company has offices and operations in Northern California, Washington, Arizona and Texas.
Since its launch, Endpoint has assisted real estate agents, brokerage firms and property technology companies in closing more than $2.5 billion in transactions. The company has doubled its employee count since the start of 2021.
“Endpoint’s impressive growth reflects First American’s commitment to leading the digital transformation of title and settlement,” Dennis Gilmore, chief executive of First American Financial, said in a statement. “This next phase of investment will further accelerate our overall efforts to improve the process of transacting real estate.”
