Verus Title Inc., a real estate services platform offering mortgage, title, insurance and SaaS offerings for brokers and agents, will now expand into the Texas market. The company, a subsidiary of Fathom Holdings Inc, has named Chris Mitchel, a 20-year title industry veteran, as managing director of Texas operations.
Verus Title Inc was acquired by Fathom Holdings in November 2020 to provide services to the residential and commercial real estate market. Since then, Verus has added operations in Texas and Illinois, as well as expanded its reach to Indiana, Maryland and Virginia. Texas is Fathom’s largest real estate market, and Verus plans to take advantage of the Dallas-Fort Worth market before expanding statewide.
Paul Yurashevich, Founder and Chairman of Verus, said, “Opening to Texas has been a priority for us, and I am thrilled that we are now allowed to operate there. We believe the demand for an innovative title agency like Verus, with leading technology and a national footprint, is significant, and our goal is to capitalize on this demand through additional planned growth. Verus has gradually rolled out to new markets and plans to operate in all 50 states in the long term. “
At the end of the first quarter of 2021, Fathom had 2,400 agents in Texas, including 1,700 in Dallas-Fort Worth — a market that is accelerating unit sales, driving up median and average home prices. Based on projected sales growth for 2021, Dallas-Fort Worth is ranked among the top 25 metropolitan areas in the United States.
Fathom Founder and CEO Josh Harley said, “Verus has exceeded all of its targets since its acquisition, and we look forward to its continued growth. We are also delighted to welcome Chris to the team. He brings a wealth of experience and well-deserved respect to Verus as we continue to serve agents and clients across Texas. He has been a true friend of our Dallas-Fort Worth agents for many years, constantly going the extra mile. I know he will bring the same energy to Verus and Fathom.”
For more information on Verus’ mission to improve the real estate transaction process, visit www.verustitle.com.