Digital title and escrow firm Endpoint has secured an additional investment of $40m from its parent company First American Financial Corporation.

Including the latest investment, the company has received $70m in funding till date.

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The latest investment will be used by Endpoint to accelerate its strategic hiring plans, proprietary technology development, and its entry into new US markets.

Endpoint was established by First American last year in Seattle. The company expanded its footprints to Southern California and Arizona and doubled its employee base over the past year.

It is currently working on to add new enhancement to its platform that further simplify transaction management and boost accessibility from any device.

First American Financial Corporation CEO Dennis Gilmore said: “Endpoint’s early success reflects First American’s 130-year history of leading the title and settlement industry in enhancing the customer experience.

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“Our increased investment affirms our commitment to developing innovative, state-of-the-art technologies that improve the process of transacting real estate.”

Endpoint will also use the new capital to support its escrow automation development.

The company’s digital title and escrow platform offers tools across its web, iOS and Android apps to help real estate agents scale up their repeat and referral business.

Endpoint CEO Scott Martino said: “Endpoint combines innovative technology with the expertise of experienced escrow officers and provides a digital compass for the most significant purchase of a home buyer’s lifetime.

Our team is committed to supporting real estate agents and their clients as they navigate this process, while rapidly and conveniently completing their transactions.”