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Stock impact report

Fathom Holdings Establishes Verus Title Elite - A Strategic Joint Venture with Fathom Realty Top Producers in Texas [Yahoo! Finance]

Fathom Holdings Inc. (FTHM) 
Company Research Source: Yahoo! Finance
real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that its subsidiary, Verus Title Inc ("Verus") has established a strategic joint venture with individual teams and top producing agents of Fathom Realty throughout Texas that is expected to increase Verus's and thereby Fathom's revenue and profitability. This new entity, Verus Title Elite Texas LLC ("Verus Title Elite"), strengthens Verus's existing presence in Texas and the enhanced strategic alignment should provide an elevated closing experience to Fathom agents and their clients. Verus Title Elite will commence operations on April 1, 2024 and the Company plans to expand this new joint venture model across more states in 2024 with the goal of reaching most states where Verus Title operates by the end of 2025. "We are thrilled to form Verus Title Elite in response to feedback from our agents in Texas on ways to enhance the closi Show less Read more
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