Covius to Acquire Title365, Expanding Tech-Enabled Title Services

Covius Services, LLC, a prominent provider of tech-driven financial solutions, has signed a definitive agreement to acquire Title365 Holding Co. from Blend Labs, Inc. This strategic acquisition marks a significant milestone in Covius’ growth, expanding its capabilities across the mortgage lifecycle, particularly in title insurance and settlement services

1. Strategic Acquisition Overview

Covius to acquire Title365, a national title insurance and settlement services provider.
The deal is pending third-party consents and regulatory approval.
Expected to close in the coming months.

2. About Title365

Licensed in 43 states.
Serves top-10 lenders, servicers, and capital market participants.
Offers first and second mortgage origination and default title services.
Deeply integrated with major loan origination and industry platforms.

3. Synergies and Continued Partnerships

Title365 will continue to partner with Blend, ensuring seamless title and closing services for Blend customers.
Title365 leadership, including President Kirby Hulbert, will join Covius’ Settlement Services team.

4. Benefits to Covius and Its Clients

Expands Covius’ presence in origination title services.
Complements Covius’ existing strength in loss mitigation and default title.
Enhances integrations with LOS and POS platforms, offering end-to-end mortgage lifecycle solutions.

5. Statements from Leadership

Rob Clements, Chairman & CEO of Covius: The acquisition supports Covius’ goal of offering full-scope, tech-enabled services across origination, servicing, and capital markets.
John Surface, CEO of Covius Services: The deal strengthens product offerings and platform integrations.
Nima Ghamsari, CEO of Blend: The move enables Blend to focus on its core software platform strategy while maintaining seamless access to premium title services.

The acquisition of Title365 positions Covius to deliver even more comprehensive, integrated, and tech-forward solutions across the mortgage and financial services landscape. With stronger LOS/POS integrations and expanded offerings, Covius is set to enhance operational efficiency, customer experience, and digital transformation in title services.