Verus Title Expands to Dallas-Fort Worth Market
CARY, N.C., June 7, 2021 /PRNewswire/ — Verus Title Inc., a wholly owned subsidiary of Fathom Holdings Inc. (Nasdaq: FTHM), a nationwide, technological innovation-driven, end-to-finish authentic estate products and services platform integrating household brokerage, home finance loan, title, coverage, and SaaS choices for brokerages and agents, today announced its expansion into the Texas sector. Chris Mitchell, a 20-12 months title marketplace veteran, has been tapped to lead Verus’ title functions there in the freshly created situation of Handling Director – Texas Operations.
Fathom Holdings acquired its title company subsidiary, Verus Title Inc., in November 2020 to enhance its suite of services in the household and commercial true estate market place. Given that that time, Verus has extra functions in Texas and Illinois, and expanded its footprint in Indiana, Maryland and Virginia. Texas is Fathom’s biggest residential genuine estate sector, and Verus intends to in the beginning create its existence across the Dallas-Fort Well worth region, with plans to expand opportunistically throughout the condition.
As of the conclude of the 2021 to start with quarter, Fathom had about 2,400 agents in Texas, like roughly 1,700 in Dallas-Fort Value, a marketplace characterized by progress in unit profits and rising median and ordinary property charges, with projections for ongoing power in customer activity. Dallas-Fort Truly worth is now rated as a person of the top rated 25 major metropolitan locations in the United States, primarily based on 2021 predicted revenue expansion.
Prior to becoming a member of Verus, Mitchell was Senior Vice President of Cash Title of Texas, LLC, a placement he held due to the fact 2013. He previously held positions at quite a few title providers and started his title business profession in 2000.
“Opening in Texas has been a priority for us, and I am thrilled that we are now certified to operate there,” reported Paul Yurashevich, Verus’ Founder and President. “We feel that the desire for an impressive title agency these types of as Verus, with industry-main technology and a countrywide footprint, is substantial, and our target is to leverage that need by more planned advancement. Verus has been steadily rolling out into new marketplaces, and strategies to work in all 50 states more than the very long-term.”
“Verus has been exceeding all of its targets considering that its acquisition, and we look ahead to its ongoing growth,” reported Fathom’s Founder and CEO, Josh Harley. “We are also energized to welcome Chris to the workforce. He delivers a wealth of working experience and well-acquired regard to Verus, as we continue on to serve brokers and purchasers across Texas. He has been a accurate good friend to our Dallas-Fort Truly worth brokers for quite a few several years, continually going previously mentioned and beyond. I know he will bring that same power to Verus and Fathom.”
About Verus Title Inc.
Verus Title Inc. is a technologies-based mostly company of title insurance policy companies for the residential and professional authentic estate markets. The organization at this time operates alongside the Eastern Seaboard, and parts of the South and Midwest, with strategies for a total U.S. rollout over the very long-term. Verus’ mission is to make improvements to the procedure of finishing a genuine estate transaction, and empower true estate businesses and creditors to serve buyers better. For a lot more info, visit www.verustitle.com.
About Fathom Holdings Inc.
Fathom Holdings Inc. is a countrywide, technological know-how-driven, real estate products and services platform integrating residential brokerage, home loan, title, insurance policy, and SaaS offerings to brokerages and brokers by leveraging its proprietary cloud-dependent program, intelliAgent. The Firm’s brand names contain Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, Genuine Outcomes, and Verus Title. For a lot more details, stop by www.fathomrealty.com.
Cautionary Notice About Ahead-Wanting Statements
This push release consists of “forward-on the lookout statements,” like, but not minimal to, more prepared progress. Forward-on the lookout statements are subject matter to numerous problems, quite a few of which are beyond the command of the Company, including: challenges related with producing and integrating acquisitions know-how dangers dangers in successfully running rapid expansion in our business reliance on important personnel competitive challenges and the other folks set forth in the Risk Aspects area of the Firm’s registration statement for its original public supplying submitted with the SEC. Copies are offered on the SEC’s web-site, www.sec.gov. The Corporation undertakes no obligation to update these statements for revisions or modifications immediately after the day of this release, besides as expected by regulation.
Investor Relations and Media Contacts:
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Marco Fregenal
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Resource Fathom Realty
