Title insurance underwriter Title Resources Group (TRG) conducted a round of layoffs on Friday focused on professionals from the agency division of Doma Holdings, the real estate technology company it acquired in March, sources told HousingWire.
The exact number of affected employees remains unclear, though some sources estimate at least 20. The layoffs appear to be part of a broader workforce reduction focused on staff working with independent agents, including sales, audit and support roles, the sources added.
Since acquiring the title insurance business of Doma nine months ago, TRG has reduced the number of independent title agents in Doma’s network by 40% to around 420, a former DOMA associate told HousingWire.
https://www.housingwire.com/articles/trg-conducts-layoffs-of-doma-employees/