Online Flipper Opendoor Buys Title Company to Expand Share of Market

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Online flipping site Opendoor recently acquired OS National, a national title & escrow firm.  According to CNBC, the purchase allows them to integrate title, escrow and closings into their online buying & selling portfolio.  Last year they purchased Open Listings, an online real estate brokerage that focused exclusively on representing buyers.

“Title and escrow has always been a major pain point in the homebuying and -selling process,” an Opendoor spokeswoman told CNBC. “This acquisition will enable us to start mitigating that pain point with deeper integration with OSN.”

Click here to read the full story at CNBC.com.

 

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Director of Education & Outreach, National Real Estate Investors Association