Fidelity National Financial, Inc. Announces Close inHere
January 13, 2021 at 04:10 pm EST
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Fidelity National Financial, Inc. announced Close inHere™, a dynamic, guided digital closing experience for consumers finalizing any type of real estate transaction. Close inHere is part of the inHere Experience Platform, a technology platform designed to transform buying, selling, or refinancing a home announced last month. For many consumers, the most overwhelming part of buying, selling, or refinancing real estate comes when all the legal documents, necessary for the transaction to be finalized, are delivered, need to be reviewed and signed. For over 100 years, a typical consumer first sees these documents at closing and is asked to review and sign them on the spot. The concept of a digital closing has held the promise of transforming the real estate industry by improving the consumer's closing experience for two decades. However, initial attempts to move digital closings more mainstream have failed because existing digital closing solutions have simply lifted the familiar paper process and moved it into a computer, substituting the pen for a mouse and the paper for a screen. Digital closing systems, as they are designed, provide little relief for the pressure and anxiety for consumers at closing. Close inHere breaks this cycle and reimagines the closing of real estate transactions in two revolutionary respects.
Fidelity National Financial, Inc. is a title insurance company. The Company provides title insurance and transaction services to the real estate and mortgage industries. It has three segments: Title, F&G, and Corporate and Other. Title segment consists of the operations of its title insurance underwriters and related businesses, which provide title insurance and escrow and other title-related services, including trust activities, trustee sales guarantees, and home warranty products. This segment also includes its transaction services business, which includes other title-related services used in the production and management of mortgage loans, including mortgage loans that experience default. F&G segment primarily consists of operations of its annuities and life insurance related businesses. This segment issues a portfolio of annuity and life insurance products through its retail distribution channels. Corporate and Other segment consists of the operations of the parent holding company.