Lucas Lu

Building something new in AI & computer vision. Formerly @gethoneydue. YC S16. Passionate about real estate.

[B.W. Carlin @BaileyCarlin]

Good lord this edit. Insane.

[Lucas Lu @loocaslu]

@nejatian we're behind you 100%!

[Lucas Lu @loocaslu]

@nejatian What specific issue are ISS and GL advising shareholders to vote against you?

[Lucas Lu @loocaslu]

@koremasa21022 @Opendoor maybe they are overwhelmed with requests, as a function of market demand

[Kaz Nejatian @nejatian]

We are committed to tilting the world towards homeowners. That's the mission.

[Pulte @pulte]

We had an incredibly productive board meeting today at Fannie Mae - our best one yet! The team is energized and laser focused on AI, Operational Efficiency, and ROE with our main goal of restoring the American Dream of Home Ownership!!! Great job to the ENTIRE Fannie Mae Team!!!

[Lucas Lu @loocaslu]

@omma_ai will this be available via api?

[Kaz Nejatian @nejatian]

We are hosting an Open House in Toronto to celebrate opening our office.

One of our newest employees started days ago so we didn’t have time to get him swag. Instead of showing up without swag, he made his own Opendoor swag so he could recruit!

Founder mode all across!

[Lucas Matheson @lucmatheson]

Today @Opendoor is announcing the acquisition of Doma's closing and escrow operations. We're now part of delivering @FannieMae Title Acceptance Program at scale. For homeowners refinancing, that means no unnecessary title insurance policies, a faster close, and real savings. This is what fixing homeownership actually looks like. Read more here -->
https://t.co/4VHGXqTnNT

[Kaz Nejatian @nejatian]

Join @Opendoor's founding team in Toronto. Help tilt the world towards homeowners.

https://t.co/p72D3cE7Nr

[Lucas Lu @loocaslu]

@splinetool @omma_ai @splinetool this is super cool. just curious - what's the underlying AI model that powers the 3D object and scene construction?

[Lucas Lu @loocaslu]

@simworld_ai very cool demo! what is the underlying ai model powering the spacial reasoning?

[Morgan Brown @morganb]

"Price reduced" - this is the last of 3 versions of the comparison ads we created. These will run after "the hardest part" campaign concludes.

[Robinhood @RobinhoodApp]

Introducing Robinhood for families 🔥

We just unveiled the new family hub. Get a holistic view of your household’s financial portfolio with account sharing and personalized permissions for your family.

Plus Custodial accounts are available now, and Trust accounts and the Family hub are coming soon.

[Lucas Lu @loocaslu]

@TaliGoldsheft first night of celebrating purim!

[Itsuki Haru @ItsukiiHaru]

Japan in 60 minutes🇯🇵

[Lucas Lu @loocaslu]

@replicate getting "API Error (ResourceInsufficient): Resources are insufficient." I have $14.35 credit available. Any idea what I might be missing?

[Kaz Nejatian @nejatian]

Given that this got a lot of questions. Let me be helpful. Again. This is early. We have a lot to learn. But structurally at least 65-85 bps worth of yield of any mortgage is the margin and inefficiency that goes to the chain of companies and sales and ops people that touch that mortgage. You reduce that, you reduce the costs. There are also obviously scale advantages.

We haven’t invented new math here. What we have done is say if our goal was to offer the lowest mortgage rate possible rather than make the most amount of money possible, what would we do?

We are early but we have been able to automate away much of the flow and we believe we can automate the rest. Also, Opendoor as the seller of the home has unique cost structures that allow us to do things (for example I’ve talked about this publicly, sitting around waiting for a mortgage to get funded by a bank is a relatively large cost for us today!).

Our mortgage product is live only in limited flows in limited places. We are early. But, thus far, we think we are onto something.

[Kaz Nejatian @nejatian]

We’ve rate locked 4.99% mortgage on Opendoor homes for buyers.

The product is in beta still. We have a lot to learn. Going well. Very early days.

[Kekius Maximus @Kekius_Sage]

The email Steve Jobs wrote to himself before his death