Opendoor, online house-flipper, buys title company OS National in bid to own more of residential real estate market
As Featured on CNBC
With competition increasing among internet-based real estate firms for control of the homebuying and -selling market, companies including Opendoor, Redfin and Zillow are seeking ways to design an end-to-end experience when consumers buy, sell or trade a home online.
On Thursday, Opendoor - which makes instant online offers to buy homes - announced it was acquiring national title and escrow company OS National. The purchase allows Opendoor to integrate title, escrow and closings into its online buying and selling experience.