Doma’s Chief Data Science Officer Andy Mahdavi Named 2021 HousingWire Tech Trendsetter
02 December 2021 - 8:10AM
Business Wire
Mahdavi recognized as one of the most impactful
technology leaders driving innovative solutions for the housing
industry
Doma Holdings, Inc. (NYSE: DOMA), a leading force for disruptive
change in the real estate industry, announced today that Andy
Mahdavi, Chief Data Science Officer at Doma, was recognized as a
2021 Tech Trendsetter by HousingWire. The third annual list
identifies the most impactful and innovative technology leaders
serving the housing economy.
HousingWire’s 2021 Tech Trendsetters are made up of the top
product and technology leaders who have been essential in bringing
innovative tech solutions to market for housing industry clients,
and the award recognizes the people who drive innovation for their
mortgage and real estate clients.
Recognized as an interdisciplinary leader with over 20 years of
experience bringing large datasets and scientific rigor to fields
ranging from financial services to astrophysics, Mahdavi and his
team are leveraging machine intelligence to build uniquely
differentiated, technology-first solutions to all those involved in
the closing of a real estate transaction – including lenders, real
estate professionals, and ultimately the homeowner. At Doma,
Mahdavi led the deployment of the first title insurance model of
its kind, which determines risk for title defects using proprietary
algorithms inspired by his past experience in these diverse
applications of statistics.
Through its machine intelligence driven-approach, Doma has been
able to return the majority of title commitments through its Doma
Intelligence platform in about 1 minute instead of the industry
standard 3-5 days – and in some cases is able to take a closing
from over 45 days to less than one week. As a result, Doma counts
Chase, PennyMac, Wells Fargo, among other large mortgage
originators and lenders, as its customers.
“It’s an exciting opportunity to build technology that drives
such profound transformation of an industry long overdue for
change,” said Andy Mahdavi, Chief Data Science Officer at Doma.
“Homeowners across the U.S. are closing their mortgages faster and
more reliably through technology enabled by our machine learning
algorithms, and I am honored to be recognized for this achievement
among other talented technology leaders.”
“This year’s list of Tech Trendsetters have, yet again, proven
to be the driving force behind the digital transformation in
housing,” HousingWire Editor and Chief Sarah Wheeler said. “This
impressive list of honorees are finding solutions to some of the
industry's toughest challenges from improving the borrower’s
journey to streamlining every step of the real estate transaction
process.”
The 2021 Tech Trendsetters were carefully selected by
HousingWire’s editorial selection committee based on their vital
and dynamic contributions to their organizations and to the
industry as a whole. Profiles of the 2021 HW Tech Trendsetters
honorees can be found here.
About Doma Holdings, Inc.
Doma (NYSE: DOMA) is architecting the future of real estate
transactions. The company uses machine intelligence and its
proprietary technology solutions to transform residential real
estate, making closings instant and affordable. Doma and its family
of brands – States Title, North American Title Company (NATC) and
North American Title Insurance Company (NATIC) – offer solutions
for current and prospective homeowners, lenders, title agents, and
real estate professionals that make closings vastly more simple and
efficient, reducing cost and increasing customer satisfaction.
Doma’s clients include some of the largest bank and non-bank
lenders in the United States. To learn more visit doma.com.
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Martha Shaughnessy | The Key PR for Doma |
press@doma.com
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