States Title is a Title agency, underwriter, and predictive analytics firm for real estate purchases. Instead of a real estate buyer and seller spending thousands on paralegal fees to underwrite the small risk of a real estate transaction, States Title employs predictive analytics to assess risk level that a transaction will be fulfilled. They then underwrite the title taking on that risk and agreeing to pay out if the transaction is not fulfilled.
Proven market — We're working in a proven market. Americans already spend $14 billion per year on title insurance. However, title insurance is an industry begging to be disrupted. The current process resembles librarians search paper card catalogs for a simple book request.
Unique approach — We're applying predictive analytics, to make the process of buying a house faster and cheaper. Existing title insurance companies are streamlining a process that doesn't make fundamental sense.
Mission — For most Americans, their home is the most valuable asset they will ever own, and buying it is one of the most complex and risky decisions they will ever make. We are working on a mission to make this real-world process simpler and safer for everyone.
Greenfield environment: Unique opportunity to architect our product and platform from scratch -
the right way.
Data science integration: Our core value prop revolves around training and improving predictive models and algorithms.
Limited boilerplate: Off-the-shelf software packages exist that fulfill most of our basic product requirements; our in-house team will be focusing nearly entirely on the code that makes us different from the rest.
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