Great week for Fannie and Freddie. Stronger than ever. Exploring and implementing even better technology in every aspect of the mortgage and closing process.
It is hard to exaggerate how much different Opendoor looks like today than it did six months ago. It is almost an entirely different company. So proud of our team.
Why I joined Opendoor and why you should too if you want to work on AI.
Few industries stand to gain more from AI than real estate.
Closing a single home takes 30-60 days. Why? One transaction touches law, insurance, title, contractors, utilities, inspections, phone calls and emails across dozens of parties.
And the complexity is ancient. Property law LITERALLY traces back nearly a thousand years to medieval England. Records and rules differ county by county. There are ~50,000 (!!!) water systems alone in the US, each with its own process to turn service on.
It's one of the messiest, most human, most coordination heavy markets there is. Which is exactly why it's a great place to build AI
Fannie expanding its title pilot is good. Rules built decades ago to manage risks that no longer exist… are just a tax on homeowners. Great to see @pulte expanding it.
Tomorrow, President Trump will sign into law another great Housing Accomplishment of President Trump. After Biden destroyed the housing market, it is President Trump who is working to restore the American Dream of Home Ownership.
People deserve homes, not corporations!
Fannie Mae is working actively to expand its title pilot program, especially on title insurance for home refinancings. As long as it is safe and sound, our team is pushing for efficiencies and lower costs in title insurance. Announcements coming soon from the Fannie Team!
It is so great to see Congress progressing on President Trump's initiatives to unlock housing affordability and availability.
Opendoor is here to fight for American homeowners and those seeking to become homeowners.
Great step in the right direction today. Well done!
The talent is next level @Opendoor. Assembled for the immense opportunity ahead. If you want to help families with one of the most important transactions of their life, join us. There is no limit to your ability to have a substantial impact here.
Excited to share that I'm joining Opendoor as Chief AI Officer, where I'll be bringing frontier AI to the way people buy and sell homes.
I've known Kaz for 11 years, and the chance to build something alongside him is a rare thing. Grateful for my time at Meta MSL, but this was the opportunity I couldn't say no to.
The way people buy and sell homes hasn't fundamentally changed in decades. I believe AI is about to change that, saving real Americans real time and real money, and making homeownership more within reach.
That last part matters most. Homeowners put down roots. They invest in their families and their communities. A nation of homeowners is a stronger nation. That's the mission, and we're just getting started!
I’ve been trying to recruit @vu0tran for 11 years. Today it finally happened. Vu is joining Opendoor as our Chief AI Officer.
Vu is one of the most respected founder-engineers in tech — the rare person who has built at the highest level and earned the trust of everyone around them.
Thrilled to have him.
yc_alum_Opendoor += 1
Homeownership is as close to a panacea as we have for the West.
We must reverse this trend of more and more takers making homeownership harder and harder.
We're hiring AI maximalist engineers in Toronto. Join us at @Opendoor. No corpo BS. Just building a great product to tilt the world in favor of homeowners.
https://t.co/Ou9c7Z8CHG
Homeownership is about putting down roots and having a place that's truly yours.
That's why every Opendoor buyer can claim a complimentary American flag and flagpole to mark that moment.
https://t.co/sdsHvWnj3J