INTELLECTUAL PROPERTY

Fathom Holdings Subsidiary, Encompass Lending Group, Acquires Cornerstone First Financial

Fathom Realty | February 16, 2022

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Fathom Holdings Inc. (NASDAQ: FTHM), a national, technology-driven, end-to-end real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings for brokerages and agents, today announced that its subsidiary, Encompass Lending Group, has acquired Washington, D.C.-based Cornerstone First Financial, a residential mortgage lender. The acquisition is expected to be immediately accretive. Other terms of the transaction were not disclosed.

Cornerstone First Financial provides a full range of residential lending solutions to individuals and families, offering mortgages for home purchase, debt consolidation and refinancing, as well as home loans for veterans and first-time home buyers. An equal housing lender, Cornerstone First Financial operates in multiple key markets including California, Colorado, Florida, Georgia, Maryland, Pennsylvania, Virginia, and Washington, D.C.

"I'm excited to welcome Cornerstone to our Fathom family. Mark Livingstone and his team bring a unique expertise to Encompass Lending, and once implemented across many of our markets, could significantly bring more mortgage business to our loan officers, I look forward to fulfilling new lead generation strategies that benefit each of our mortgage, real estate, title and insurance businesses, and as we integrate mortgage lending deeper into our technology platform, we believe we can take this opportunity to an even greater level. When we acquired Encompass Lending in April 2021, I stated that I believed the acquisition could help us attract additional successful mortgage teams and smaller lending operations to our company. I am pleased to prove that statement true through this acquisition of Cornerstone First Financial."

- Josh Harley, Fathom Holdings' founder and CEO.

Recognized by Washingtonian Magazine as one of the top mortgage professionals in Washington, D.C., and a popular radio and podcast personality, Mark Livingstone founded Cornerstone First Financial in 2001 based on ethics-driven principles and an ongoing commitment of providing value and service to clients through education and awareness.

"We are thrilled to add Cornerstone First Financial to the Encompass Lending family, The acquisition enhances our lending platform and adds to our already growing footprint. We are excited to expand the Cornerstone First Financial model beyond being 'the voice' of mortgage lending in Washington, D.C. to being the voice of mortgage lending in the United States."

- Sean Varin, president, Encompass Lending Group.

About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven, real estate services platform integrating residential brokerage, mortgage, title, insurance, and SaaS offerings to brokerages and agents by leveraging its proprietary cloud-based software, intelliAgent. The Company's brands include Fathom Realty, Dagley Insurance, Encompass Lending, intelliAgent, LiveBy, Real Results, and Verus Title.

Spotlight

Challenge to change is a three-part whitepaper series that explores the future growth drivers of the global Insurance industry. The papers, entitled Embracing change, The impact of technology and The future of insurance, look at the economy, regulatory landscape, technological innovation, business process, workforce and talent issues, and many other areas. They examine the drivers, opportunities and challenges of an incredibly rich and evolving sector. The Challenge to change series is for multiple insurance businesses - from life to property and casualty, large commercial to long term care - across multiple delivery channels and operations types. It is designed to be an important discussion tool to facilitate strategic thinking about how to create new business opportunities and respond to challenges positively.

Spotlight

Challenge to change is a three-part whitepaper series that explores the future growth drivers of the global Insurance industry. The papers, entitled Embracing change, The impact of technology and The future of insurance, look at the economy, regulatory landscape, technological innovation, business process, workforce and talent issues, and many other areas. They examine the drivers, opportunities and challenges of an incredibly rich and evolving sector. The Challenge to change series is for multiple insurance businesses - from life to property and casualty, large commercial to long term care - across multiple delivery channels and operations types. It is designed to be an important discussion tool to facilitate strategic thinking about how to create new business opportunities and respond to challenges positively.

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