March 29, 2024

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Doma Expands Countrywide Footprint Brings Quick Residence Closing to Essential Marketplaces

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SAN FRANCISCO–(Business WIRE)–Doma, a leading pressure for disruptive adjust in the actual estate market, now introduced its growth into three new markets, representing a key milestone in Doma’s program to give protection nationwide* by the Doma Intelligence system. The addition of Massachusetts, South Carolina and Wisconsin to the Doma community suggests the company’s Doma Intelligence platform now handles somewhere around 76 p.c of the United States primarily based on gross written top quality. Today’s announcement comes on the heels of Doma entering into a business enterprise combination settlement in March 2021 with Capitol Investment decision Corp. V (NYSE: CAP, CAP WS and CAP.U) (“Capitol”), a publicly traded particular function acquisition business.

Main lenders like Chase, Homepoint, and PennyMac now have the capability to make use of the Doma Intelligence system and the company’s proprietary device-understanding know-how throughout these 3 more states. Doma’s real estate closing answers, including the company’s equipment-understanding-driven fast underwriting and cost balancing functions, are intended to clear away large chunks of the title and escrow workflow, and to automate the most time-consuming parts of the transaction.

“Our mission is to remove the friction and disappointment from the dwelling acquiring process, and with each and every new point out enlargement, Doma’s know-how enabled solutions will gain more creditors, actual estate agents, and people,” mentioned Max Simkoff, CEO of Doma. “As we speed up progress across the nation, we search ahead to the day when paper-significant, time-consuming closing procedures are totally a factor of the past.”

*Apart from for Iowa, which does not participate in the personal title insurance policy market.

About Doma

Doma (formerly States Title Keeping) is architecting the foreseeable future of real estate transactions. The enterprise employs device intelligence and its patented know-how solutions to remodel residential authentic estate, building closings immediate and very affordable. Doma and its relatives of brands – States Title, North American Title Organization (NATC) and North American Title Insurance Business (NATIC) – present remedies for loan companies, true estate brokers, title agents, and householders that make closings vastly much more uncomplicated and economical, decreasing cost and growing consumer gratification. Doma’s purchasers consist of some of the biggest lender and non-lender loan providers in the United States. In March 2021, Doma announced strategies to become publicly-traded by way of a merger with Capitol Expense Corp. V (NYSE: CAP, CAP WS and CAP.U). To find out additional stop by doma.com or statestitle.com.

About Capitol Investment decision Corp. V

Capitol Financial investment Corp. V is a $345 million general public expenditure car with the mission to invest in and support make an industry-leading community company that will goal to produce lengthy-phrase benefit to shareholders. Capitol is led by Chairman and Main Government Officer, Mark D. Ein, and President and Chief Economic Officer, L. Dyson Dryden. The Capitol workforce has raised $1.5 billion in five SPACs because 2007 and closed 4 SPAC mergers. Capitol’s securities are shown on the New York Inventory Exchange beneath the ticker symbols CAP, CAP WS and CAP.U.

More Information and The place to Find It

This press release relates to a proposed transaction concerning Doma and Capitol. This push release does not constitute an present to offer or trade, or the solicitation of an offer to get or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which this sort of present, sale or exchange would be unlawful prior to registration or qualification below the securities legislation of any these types of jurisdiction. No offering of securities shall be created other than by suggests of a prospectus meeting the prerequisites of Section 10 of the Securities Act of 1933, as amended. Capitol has filed a registration statement on Variety S-4 with the U.S. Securities and Exchange Commission (the “SEC”), which features a document that serves as a prospectus and proxy statement of Capitol, referred to as a proxy assertion/prospectus. A proxy statement/prospectus will be sent to all Capitol stockholders. Capitol also will file other paperwork about the proposed transaction with the SEC. Just before producing any voting selection, traders and security holders of Capitol are urged to go through the registration assertion, the proxy statement/prospectus and all other applicable documents submitted or that will be filed with the SEC in link with the proposed transaction as they come to be accessible since they will comprise critical information about the proposed transaction.

Traders and protection holders may receive free copies of the registration statement, the proxy assertion/prospectus and all other applicable documents submitted or that will be filed with the SEC by Capitol through the web-site maintained by the SEC at www.sec.gov.

The documents filed by Capitol with the SEC also may well be received no cost of demand at Capitol’s web page at https://www.capinvestment.com/ or upon prepared ask for to 1300 17th Street North, Suite 820, Arlington, Virginia 22209.

Participants in Solicitation

Capitol and Doma and their respective administrators and executive officers might be deemed to be individuals in the solicitation of proxies from Capitol’s stockholders in link with the proposed transaction. A listing of the names of such administrators and govt officers and information concerning their pursuits in the business enterprise combination is contained in the proxy assertion/prospectus. You may receive cost-free copies of these files as explained in the previous paragraph.

Forward-Searching Statements Legend

This push release consists of “forward-searching statements” inside of the this means of the “safe harbor” provisions of the United States Personal Securities Litigation Reform Act of 1995. Ahead-on the lookout statements might be identified by the use of terms these kinds of as “estimate,” “prepare,” “venture,” “forecast,” “intend,” “will,” “anticipate,” “anticipate,” “believe that,” “find,” “goal” or other comparable expressions that forecast or suggest long run functions or trends or that are not statements of historic issues. These forward-hunting statements involve, but are not constrained to, statements pertaining to estimates and forecasts of economic and efficiency metrics, projections of marketplace chance, total addressable market (TAM), sector share and levels of competition and prospective benefits of the transactions explained herein, and expectations relevant to the conditions and timing of the transactions described herein. These statements are centered on different assumptions, no matter if or not discovered in this push launch, and on the present anticipations of Doma’s and Capitol’s administration and are not predictions of genuine performance. These ahead-seeking statements are delivered for illustrative functions only and are not supposed to serve as, and should not be relied on by any trader as, a warranty, an assurance, a prediction or a definitive statement of reality or chance. Precise gatherings and circumstances are difficult or extremely hard to forecast, will vary from assumptions and are further than the command of Doma and Capitol.

These ahead-hunting statements are issue to a selection of pitfalls and uncertainties, which include changes in business, market place, economical, political and authorized conditions the lack of ability of the events to properly or well timed consummate the transactions explained herein failure to recognize the predicted gains of the transactions described herein risks relating to the uncertainty of the projected money info with respect to Doma potential world-wide, regional or local financial, political, sector and social disorders, together with thanks to the COVID-19 pandemic the enhancement, outcomes and enforcement of legislation and rules, like with respect to the title insurance coverage industry Doma’s capability to deal with its long run progress or to develop or get enhancements to its system the consequences of level of competition on Doma’s foreseeable future company the end result of any likely litigation, government and regulatory proceedings, investigations and inquiries and these other elements incorporated in Capitol’s ultimate prospectus relating to its first general public offering dated December 1, 2020 (File No. 333-249297) and the registration statement on Type S-4 (File No. 333-254470) submitted with the SEC beneath the heading “Risk Components,” and other documents Capitol filed, or will file, with the SEC.

If any of these dangers materialize or Doma’s or Capitol’s assumptions confirm incorrect, genuine outcomes could vary materially from the benefits implied by these ahead-looking statements. There may well be added pitfalls that neither Doma nor Capitol presently know or that Doma or Capitol now think are immaterial that could also bring about genuine effects to vary from these contained in the forward-wanting statements. In addition, forward-looking statements mirror Doma’s and Capitol’s expectations, designs or forecasts of upcoming activities and views as of the day of this push launch. Doma and Capitol foresee that subsequent occasions and developments will result in Doma’s and Capitol’s assessments to change. Nonetheless, when Doma and Capitol may perhaps elect to update these forward-hunting statements at some level in the upcoming, Doma and Capitol especially disclaim any obligation to do so, apart from as needed by law. These ahead-on the lookout statements ought to not be relied upon as representing Doma’s and Capitol’s assessments as of any date subsequent to the day of this press release. Appropriately, undue reliance should not be put on the ahead-hunting statements.

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