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Opendoor purchases title, escrow company OS National

Online real estate marketplace Opendoor Labs Inc. bought Duluth, Ga.-based title and escrow company OS National LLC.

OS National, which has been a partner of Opendoor since 2016, will join its new owner as its wholly owned unit.

It helps lenders, banking institutions, real estate investment trusts, private equity firms, mortgage servicers and institutional investors with facilitating real estate transactions and title insurance-related services.

Opendoor said the acquisition, which will integrate title, escrow and closings into its online buying and selling experience, will help the company to streamline its services, as well as expand its customer reach.