Opendoor and Doma Join Forces to Screw Over Mortgage Companies and Save You Money

Screw You Guys I'm Saving Money On Refinancing

Alright listen up butters. I Eric Cartman am here to tell you about something that actually might benefit you even though it pains me to admit it. These guys at Opendoor are buying a piece of Doma and apparently it's supposed to make refinancing your house less of a scam. I know shocking right

Doma's Magic AI: No More Title Insurance Rip Offs

So Doma's got this fancy machine learning thingamajig that makes real estate closings faster and cheaper. They're all like "We're eliminating time and money for customers!" which sounds suspiciously like something a hippie would say but whatever. The important thing is they're working with Fannie Mae to cut down on title insurance costs. Basically if Doma decides your title is low risk you might not even need that stupid insurance or some lawyer's opinion. Which is awesome check out Conquering the Medical Bill Beast A Feline Guide to Financial Recovery to see the flip side of the coin when you are stuck in a tight corner and are running out of your own money to pay for medical bills

Closing Costs: The Silent But Deadly Fart of Refinancing

But here's the thing even without the title insurance ripoff you still have to deal with closing costs. Setting up escrow accounts paying off mortgages transfer fees and taxes all that crap adds up. It's still pretty manual and takes forever. That's where Opendoor comes in apparently. They're supposed to be all techy and efficient so they can do the closings faster and cheaper than everyone else. Hopefully I won't need to call Scott Malkinson

Even if the refinance pool shrinks the share of borrowers using Opendoor's closing services with Fannie Mae will grow according to Matheson.

The timing sucks because of the war with Iran but whatever right. These guys claim this thing will still work regardless of the war and can help people and families save around $1,100 per refi. Just remember this is no charity and this is for everyone benefit so don't screw it up

Respect My Authoritah: The Bottom Line

Look I'm not saying you should trust these guys completely. After all they're probably all secretly hippies or something. But if they can actually save you some money on refinancing it's worth checking out. Just don't come crying to me if it all goes to hell. I'll be too busy counting my money.

Screw You Guys I'm Going Home

So that's it. If this works out maybe I can finally get that sweet jacuzzi I've always wanted. Now if you'll excuse me I have important things to do like plotting against Kyle. Respect my authoritah.