Doma Holdings reports Q1 EPS ($1.50) , one estimate ($1.56)

Reports Q1 revenue $66.1M, one estimate $72.6M. “With mortgage rates at twenty-year highs and housing supply severely constrained, many of the largest participants in the mortgage ecosystem-the government-sponsored enterprises, software providers, and national lenders-are seeking new and innovative solutions to reduce closing costs for consumers,” says Max Simkoff, Doma CEO. “We have long advocated the importance of title insurance and the protection it provides for homebuyers but also the potential for innovation around lenders’ title to lower costs for homeowners. We welcome the focus of Fannie Mae in this area, and believe our scale- and market-tested technology puts us in a leading position to participate in their pilot program.”