Doma customer closes loans 30 days faster | Messages

Since AdvantageFirst began using Doma’s technology to process refinancing title orders, turnaround times have accelerated dramatically, according to Doma. Such orders took up to 10 days. 77 percent of these orders now receive a title decision in less than a minute.

“Communication at Doma is day and night compared to what we were used to,” said Jeff Ravenstine, executive vice president of operations at AdvantageFirst, in a press release. “Between fast response times and the use of instant title technology, we are now closing deals up to 30 days faster. We look forward to further working and expanding our partnership with Doma to further streamline our operations as we expand our offering on the east coast. “

Prior to working with Doma, AdvantageFirst experienced long waiting times from title providers, according to Doma, which resulted in increased costs and decreased credit processing capacity.

“It is impressive to see firsthand the efficiency gains AdvantageFirst has achieved from implementing Doma technology to date,” said Max Simkoff, CEO of Doma. “We are proud to partner with a company that is committed to providing their customers with an instant, digital closing experience, and look forward to helping AdvantageFirst continue to exceed customer expectations.”

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