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Opendoor acquires part of Doma to speed up and cut costs in home refinancing closings.

Company Fundamentals
31 Mar 2026
CNBC
View Source
Bullish
pluang ai news

Opendoor is acquiring part of Doma, a property tech company that uses AI and machine learning to make real estate closings faster and more affordable. This move will bring 85 Doma employees to Opendoor and aims to reduce refinancing costs, which have been rising due to increased mortgage rates. Despite a recent drop in refinancing demand caused by geopolitical tensions, both companies believe their technology-driven approach will continue to grow, saving families around $1,100 per refinance while maintaining low risk.

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