Fathom Holdings and Verus Title Establish Strategic Joint Venture in Texas

March 14, 2024
8:00 am

Fathom Holdings Inc. has announced a strategic joint venture with individual teams and top-producing agents of Fathom Realty throughout Texas. The venture, Verus Title Elite Texas LLC (“Verus Title Elite”), aims to enhance Verus Title’s presence in Texas and provide an elevated closing experience to Fathom agents and their clients.

Verus Title Elite, set to commence operations on April 1, 2024, is expected to increase revenue and profitability for Verus and Fathom. The joint venture model will be expanded to more states in 2024, with a goal of reaching most states where Verus Title operates by the end of 2025.

“We are thrilled to form Verus Title Elite in response to feedback from our agents in Texas on ways to enhance the closing experience for clients while providing our top agents an opportunity to increase their income,” said Marco Fregenal, CEO of Fathom Holdings. “This joint venture could be a significant win-win for Verus Title and those top agents who participate. We believe it will deliver more support to our agents and increase our already growing attach rates in Texas.”

Paul Yurashevich, Founder and President of Verus Title, expressed excitement about partnering with top-producing agents and teams in Texas to expand title services through Verus Title Elite. “This joint venture demonstrates our ongoing commitment to Fathom Realty agents and to strengthening our title operations across the country while supporting the accelerating demand we continue to see in Texas, which remains one of our top markets.”

Fathom acquired Verus, its title agency subsidiary, in November 2020 to complement its suite of services in the residential and commercial real estate market. Since then, Verus has expanded its footprint and currently operates in 30 states and the District of Columbia, with Texas being Fathom’s largest residential real estate market.

The joint venture with Verus Title Elite signifies a strategic move by Fathom Realty and Verus Title to further enhance their services and support for agents and clients in Texas, with plans for further expansion in the future.