Ask the Expert ft. Chris George: How will COVID-19 Affect a Mortgage Lender's Loan Processes
Founder, President and CEO of CMG Financial, Chris George, joins Doma CEO Max Simkoff to discuss how COVID-19 affectedΒ ...
Cofounder, Doma
Search every verified Max Simkoff interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. Max Simkoff, cofounder and CEO of Doma (formerly States Title), has been discussing the company's efforts to use technology to streamline the mortgage closing process. He has stated that the company's value proposition is "better, faster, cheaper," and that its machine learning platform can underwrite title insurance instantly for many transactions, with some lender partners seeing loans close four to five days faster. Simkoff has described his motivation for founding the company as stemming from his own experience closing a mortgage, which he found to be time-consuming and opaque. He has also noted that the company is not currently profitable but is investing in technology and expects closed order growth to exceed 50% annually. Simkoff has also spoken about the company's decision to go public via a SPAC merger with Capitol Investment Corp. V, which he said allowed Doma to control the process and be selective in building its investor base. He has discussed partnerships with large mortgage originators including Chase Home Lending, PennyMac, and Homepoint, and has described Lennar as a strategic partner and largest shareholder. In interviews, Simkoff has emphasized the importance of hiring people who are willing to take on difficult challenges, stating that he looks for candidates with a "chip on their shoulder" and who are willing to do things that others say cannot be done.
“Maybe if we could just start with β we'd love to hear how this environment has affected your team at Huntington and how you've managed through it.”
“Mortgage in general and consumer lending broadly has historically been relationship-centric; have you seen a change given social distancing and in-person restrictions β has that made it harder for people to walk into a branch or even to do a closing?”
“I've heard this repeated about the future of e-closing: what is lacking in the current landscape that, if solved, would make everybody default to the electronic option? (As an ironic aside: California happens to be still the only state where you cannot do a remote online notarized electronic closing.)”
“It looks likely we will have a change in political leadership β how do you think that will affect the mortgage industry broadly, and specifically the GSE conservatorship question and forbearance policies?”
Founder, President and CEO of CMG Financial, Chris George, joins Doma CEO Max Simkoff to discuss how COVID-19 affectedΒ ...
Jay Plum, Executive Vice President of Consumer Finance, Huntington Bank joins Doma's CEO, Max Simkoff to discuss the impactΒ ...
Adrian Jones, Managing Director of Hudson Structured Capital Management, joins Doma's CEO, Max Simkoff to discuss the roleΒ ...
Sarah Friar, Chief Executive Officer from the neighborhood social network, Nextdoor, joins Doma CEO Max Simkoff to discuss theΒ ...
Today's question: "How can I hire people who can do the impossible?" Max Simkoff is the Founder and CEO of Doma (fka StatesΒ ...
Doma (NYSE: DOMA), a real estate title insurer emphasizing technology and machine learning, recently announced its firstΒ ...
In this interview from The Motley Fool Live in July 2021, Max Simkoff of Doma shares why now is the time to disrupt the title industry, the uses of machine learning, and what Doma plans to do in the future. 00:00 Intro 00:40 What lead to you wanting to fix title? 02:39 How are you using machine learning to change title? 10:18 How does the current home selling market impact your business? 12:57 Why is Doma going public now important? 16:45 What are some other collaborations and relationships youβre willing to explore? 19:02 Are you working with both residential and commercial title? 19:52 Whβ¦
#DOMOCEO #DOMO #realestate Yahoo Finance's Myles Udland and Brian Sozzi spoke with Domo CEO Max Simkoff about how his company aims to simply the real estate buying process and the plans for his company to go public via a $3 billion SPAC deal. Subscribe to Yahoo Finance: https://yhoo.it/2fGu5Bb About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. About Yahoo Finance Premium: With a subscription to Yahoo Finance Premium, getβ¦
CNBC's Brian Sullivan talks with Doma CEO Max Simkoff about how his company is disrupting the real estate industry, going public via a SPAC deal and the role of technology in the future of homebuying. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Doma, a firm that looks to disrupt the real estate title insurance market, has agreed to combine with Capitol Investment Corp. V, a publicly traded special purpose acquisition company. Doma, formerly known as States Title, has a less than 1% share of the title market in the U.S. but projects to be atβ¦
Max Simkoff, CEO of Doma (formerly States Title) on transforming residential closings, the shifts coming to the century-old, multibillion-dollar title insurance industry, his partnership with Lennar and the regulatory boons brought about by the pandemic. In conversation with The Real Deal's Hiten Samtani
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