Series C Funds Enable Predictive Data Science for Faster Processing

SAN FRANCISCO—This week, States Title closed a Series C financing round of $123 million led by Greenspring Associates in response to an unprecedented shift in the real estate industry’s structural foundation and future economic uncertainty. States Title’s patented technologies enable the use of data science to create predictive title insurance based on an assigned risk score.

This indicates how safe a property is from liens or liabilities, helping to achieve faster title processing and more efficient underwriting. The firm says it is applying “modern-day technology to ancient title and escrow processes to provide an instant customer closing experience, enable mortgage originators and Realtors to be more efficient, and lower costs for everyone involved”.