On Wednesday, El Segundo-based Endpoint announced that it received a $40 million investment from its parent company First American Financial. This brings the company’s total funding raised to $70 million since it first launched.
Endpoint is a real estate tech company that aims to make the closing and escrow process easier when buying a home. Anyone who has purchased a home before can tell you that the closing process is complicated. It often takes several weeks and involves numerous important financial and legal documents. So Endpoint created a software platform that can act as a centralized hub for all of the steps it takes to close on a home. The platform acts as a dashboard showing all the necessary transactions to track progress, manage documents and more.
These services are especially valuable to parent company First American Financial, which provides things like title insurance, settlement services and real estate risk solutions.
“Endpoint’s early success reflects First American’s 130-year history of leading the title and settlement industry in enhancing the customer experience,” First American Financial CEO Dennis Gilmore said in a statement. “Our increased investment affirms our commitment to developing innovative, state-of-the-art technologies that improve the process of transacting real estate.”
This $40 million investment will be essential to help Endpoint grow. The company is currently in the process of building new tech features for its platform and expanding into new markets. So far, Endpoint operates in Washington, California and Arizona.
The company is also hiring for several strategic roles. Endpoint currently has dozens of openings for jobs across its design, engineering, financial, operations, people and sales teams. This hiring spree comes off of previous hiring momentum. In this year alone Endpoint was able to double its employee headcount.
“Today’s home buyers and sellers live, work and play predominantly online where they expect a certain level of convenience and speed. Endpoint combines innovative technology with the expertise of experienced escrow officers and provides a digital compass for the most significant purchase of a home buyer’s lifetime,” CEO Scott Martino said in a statement. “Our team is committed to supporting real estate agents and their clients as they navigate this process, while rapidly and conveniently completing their transactions.”
