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lineartitle.com

Founded Year

2004

Stage

Acquired | Acquired

Valuation

$0000 

About Linear Title & Closing

Linear Title & Closing provides national title searches and mortgage closing services. Linear delivers technology-driven title and closing solutions to a broad spectrum of real estate service providers.

Linear Title & Closing Headquarter Location

Ocean Technology Plaza 127 John Clarke Road

Middletown, Rhode Island, 02842,

United States

401-841-9991

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Expert Collections containing Linear Title & Closing

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Linear Title & Closing is included in 2 Expert Collections, including Mortgage Tech.

M

Mortgage Tech

218 items

Companies here streamline and digitize the mortgage lending process. Collection includes direct lenders, mortgage brokers, process optimization technologies for lenders, as well as tools that support borrowers throughout the search and application phases.

R

Real Estate Tech

2,221 items

Startups in the space cover the residential and commercial real estate space with a focus on consumers. Categories include buying, selling and investing in real estate (iBuyers, marketplaces, investment/crowdfunding platforms), and also tenant experience, property management, et

Latest Linear Title & Closing News

Real Matters’ Solidifi buys Linear Title & Closing for up to $96 mln

Apr 5, 2016

Real Matters’ Solidifi buys Linear Title & Closing for up to $96 mln April 5, 2016 By Robert Daniel Solidifi, the Buffalo, New York, provider of real-estate-valuation services, said it acquired Linear Title & Closing Ltd for as much as US$96 million, conditioned on performance metrics. Solidifi is a unit of Real Matters Inc, which in turn is backed by Whitecap Venture Partners, the Toronto early-stage VC firm. Linear, based in Rhode Island, provides real-estate services. Real Matters, Markham, Ontario, privately placed $100 million of common equity to fund the deal. Press Release Solidifi Acquires Linear Title and Closing to Broaden Reach of Innovative Technology Platform Brings Solidifi’s proven technology and innovative approach to large and growing market Buffalo, NY; Middletown, RI (April 1, 2016) – Solidifi, a leading independent provider of real estate valuation services to 60 of the top 100 lenders, today announced the acquisition of Linear Title & Closing Limited (“Linear”) for up to US$96 million subject to certain performance metrics, bringing Solidifi’s established next-generation real estate technology platform to the $10 billion title and closing market. Rhode Island based Linear is a top-five independent title search and closing provider for refinance, purchase, short sale and REO transactions in all 50 states. Adding these services to Solidifi’s existing market leading position in property valuations gives the company a more complete suite of services and expands its market share, leveraging the company’s next generation network management technology platform. “We are extremely pleased to announce this acquisition, which will enable Solidifi to bring our demonstrated excellence in using technology to improve the customer and field-agent experience to the large and growing title and closing market,” said Jason Smith, Chief Executive Officer of Solidifi. “Linear represents a great fit with our existing business and we look forward to working with them to bring the innovation Solidifi is known for to mortgage closings.” Based in Buffalo, New York, Solidifi is one of the largest providers of mortgage valuations in America. Completing one in ten appraisals nationwide, and with an investment of more than $35 million to date in its proprietary software platform, the company has grown its market share approximately 50% each year. “The management team of Linear has long been seeking like-minded partners focused on building scalable software services for the mortgage closing space,” added Nick Liuzza, Chief Executive Officer of Linear. “Linear has a tradition of developing services for its clients that improve operating profitability and enhance customer outcomes. We could not be more excited to collaborate on these initiatives with Solidifi, which will benefit our clients, our field agents, the industry and Linear’s partners. With the acquisition of Linear, Solidifi manages a marketplace of more than 100,000 independent, qualified appraisers, abstractors, notaries, attorneys, brokers and real estate professionals that collect and assess key attributes of individual properties. Solidifi’s technology platform enables the company to grade and manage field agents in real time, selecting the right agent for each transaction and providing our clients with materially faster, higher quality, and compliant products. The technology platform ensures the right agent is assigned to each transaction the first time, enhancing productivity and loyalty, reducing manual intervention, while enabling Solidifi to operate on a dramatically lower cost structure than traditional service providers. “Solidifi’s industry leading technology and network management expertise will bring an unparalleled level of innovation and customer service to the title and closing market, just as Solidifi has done in the appraisal market,” said Kevin Walton, Solidifi’s Executive Vice President of Corporate Development. “This is an incredible opportunity to better serve our clients by using our technology to improve the experience in what has been historically one of the most challenging aspects of completing a mortgage loan.” The acquisition of Linear is Solidifi’s third since 2013, following on the purchases of Kirchmeyer & Associates and Southwest Financial Services Ltd. Linear’s offices will remain in Middletown, RI. The transaction brings Solidifi’s total employee count to more than 700. Solidifi’s parent, Real Matters Inc., concurrently raised $100 million through a private placement of common equity to fund the acquisition. © 2015 Buyouts Insider / Argosy Group LLC

  • When was Linear Title & Closing founded?

    Linear Title & Closing was founded in 2004.

  • Where is Linear Title & Closing's headquarters?

    Linear Title & Closing's headquarters is located at Ocean Technology Plaza, Middletown.

  • What is Linear Title & Closing's latest funding round?

    Linear Title & Closing's latest funding round is Acquired.

  • Who are the investors of Linear Title & Closing?

    Investors of Linear Title & Closing include Solidifi.

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