Endpoint, a digital title and settlement services company, has secured $150m funding from its parent company First American Financial Corporation (First American).

Endpoint will use the funding to strengthen its technology team and invest in title and settlement automation.

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The funds will also be used by the company for expanding its capabilities for proptech companies and real estate professionals.

First American, a title insurer, launched Endpoint in 2018.

This year, Endpoint claims to have doubled its headcount and expanded into Northern California and Texas.

Including the latest investment, the company has received $220m in funding to date.

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First American CEO Dennis Gilmore said: “Endpoint’s impressive growth reflects First American’s commitment to leading the digital transformation of title and settlement.

“This next phase of investment will further accelerate our overall efforts to improve the process of transacting real estate.”

In November 2020, First American invested $40m in Endpoint.

Endpoint is working to enhance its platform by adding new features and increasing automation using artificial intelligence.

It has also released an application programming interface (API) to broaden integration with proptech firms and brokerages.

Endpoint CEO Scott Martino said: “The additional investment from First American supports our mission to deliver a fully digital closing experience to even more buyers, sellers and real estate professionals.

“The capital will fuel enhancements designed to further our position as the go-to company for agents and proptech companies focused on providing a purchase experience that integrates state-of-the-art technology and superior customer service.”