Doma Partners With Fannie Mae to Lower Title Insurance Costs

Opendoor announced on March 31, 2026, that it has agreed to acquire the closing and escrow operations of Doma Holdings. The transaction, which is subject to regulatory approval, is designed to expand Opendoor’s capabilities in refinance closings and title automation.

The acquisition is paired with a three-way partnership between Opendoor, Doma, and Fannie Mae centered on the government-sponsored enterprise’s Title Acceptance Program. This initiative aims to reduce closing costs and shorten timelines for eligible refinance loans by removing the requirement for a lender’s title insurance policy.

Automation of Title Risk Assessment

Under traditional refinance processes, every transaction in the United States has historically required a manual title search. In these instances, a title company reviews public records, often spanning several decades, to verify the absence of ownership disputes or liens. Borrowers typically pay for this manual process and a lender’s title insurance policy at closing, even when no issues are found.

The Title Acceptance Program replaces these manual searches with algorithmic risk assessments. For refinance transactions determined to have low title risk, the loans can be sold to Fannie Mae without the need for an attorney opinion letter or a lender’s title insurance policy.

Doma reported that approximately 80% of refinance candidates have met the criteria for low title risk under this program. This shift is intended to return hundreds of dollars to borrowers and remove several days from the standard closing timeline.

Operational Integration and Strategy

The acquisition covers Doma’s downstream closing and escrow operations. As part of the deal, 85 staff members from Doma will join Opendoor, bringing operational experience in high-volume closings and existing lender relationships.

Opendoor has stated that the move represents a strategic effort to automate antiquated and expensive real estate processes. The company described the acquisition as its first step toward becoming the closing infrastructure for American real estate.

Closing a home costs too much and takes too long. Not because it has to, but because the industry was never organized to fix it. Doma built the technology that makes the risk decision. We close the transaction. This is what it looks like to actually build toward making homeownership more affordable.

Lucas Matheson, President of Opendoor

Market Context and Partnership Timeline

Doma’s technology has been utilized by Fannie Mae since 2024, and the existing agreement between the two entities is extended through 2027. The partnership with Opendoor seeks to align private-sector innovation with federal housing policy to expand the availability of the Title Acceptance Program.

Opendoor has previously closed more than $100 billion in financing and purchase transactions across the United States. By integrating Doma’s closing unit, the company intends to extend its reach specifically into the refinance market, targeting the reduction of friction and costs for homeowners who are not necessarily buying or selling their properties through Opendoor.