Online real estate marketplace Auction.com has hired Rick Sharga, naming the veteran real estate and mortgage marketing professional executive vice president.
Sharga is moving to Auction.com’s Irvine, Calif.-based office after spending the past few years as an executive vice president at Carrington Mortgage Holdings – a privately owned real estate services firm.
The hire is significant, given Sharga’s reputation as a national expert in the areas of real estate, mortgage finance and technology marketing.
Sharga frequently offers commentary on the nation’s housing market, appearing on national news programs such as the CBS Evening News, NBC Nightly News, CNN, ABC World News, CNBC, NPR, and FOX's The Willis Report (as pictured above).
Sharga also briefed policymakers and regulators, providing analysis to Federal Reserve officials, Senate Banking Committee members and large banks such as JPMorgan Chase, Citibank and Deutsche Bank.
Prior to joining Carrington, Sharga spent eight years at real estate data firm RealtyTrac as senior vice president of marketing, business development and data operations.
"During his career Rick has served as an expert commentator on the real estate industry and led marketing efforts for Fortune 500 companies," said Jake Seid, co-president of Auction.com.
"His knowledge of and ability to speak authoritatively about the trends that are driving our business will help to deepen understanding of the ways in which Auction.com can better serve the needs of commercial and residential buyers and sellers through our innovative online marketplace."
Sharga toted Auction.com’s commitment to the Internet as a driver of real estate transactions.
"The Internet is fundamentally changing the process of buying and selling real estate and Auction.com is facilitating that change as the industry’s leading online marketplace,” said Sharga. “Auction.com presents a unique opportunity for me as it is the perfect intersection of my career experience and a company that is harnessing the power of technology, efficiency and transparency to define a future that will better serve buyers and sellers."