Technology

HouseCanary hires tech exec as president and COO

Jeff Somers will lead operations at the real estate tech company
Real estate technology company HouseCanary has hired Jeff Somers as president and chief operating officer. Somers brings his extensive experience in the tech sector to the team, having worked previously at Insureon, Ticketmaster, eBay, Microsoft, Zillow and Amazon.
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Digital mortgage company Better.com expands to five new states

Now originating in 36 states
Better.com, the digital mortgage company formerly known as Better Mortgage, is on the move again, as the company announced Thursday that it is expanding into five new states. The company added 13 states to its footprint in 2018, and already added four new states earlier this year.
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Real estate startups have raised $1.9 billion in 2019

Proptech investment is on track to surpass 2018’s $4.99 billion
Real estate startups, sometimes called proptech for property tech, have raised $1.9 billion from investors this year, an average of about $475 million a month, according to startup tracker Crunchbase. That's up when compared with last year’s $4.99 billion, an average of about $417 million a month.
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Fresh off expanding into mortgages, Reali raises millions to continue growing

Real estate startup recently acquired online mortgage lender Lenda
Just a few weeks ago, Reali, a flat-fee real estate startup that operates in California, expanded into mortgage lending when it bought Lenda, an online mortgage lender that launched in 2013 and currently operates in 12 states. And it appears the company has no plans of slowing down, as this week, Reali announced that it raised $9 million to continue expanding.
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Parts of Boston's short-term rental ordinance blocked by judge

Judge blocks two provisions of ordinance
The city of Boston has been blocked from enacting two provisions of a short-term rental ordinance that was passed in summer 2018. A U.S. District Court judge declared Beantown can’t eject a short-term rental service from the city as punishment for posting and failing to remove listings that violate the ordinance.
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ARMCO appoints Kyle Kehoe as its new chief revenue officer

Kehoe has 20 years of experience as an executive and revenue leader
ARMCO, a provider of enterprise financial risk mitigation solutions, recently announced Kyle Kehoe joined the company as its chief revenue officer. ARMCO President Phil McCall said he believes the company drafted a high-impact player in Kehoe, one who has delivered results across two decades and through some tough industry cycles.
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OpenClose welcomes mortgage software veteran to team

Buenz previously served as a strategic account executive at Ellie Mae
OpenClose, a digital mortgage fintech provider, recently announced Tom Buenz joined the company as its new vice president of enterprise sales. OpenClose CRO Vince Furey said Buenz's extensive knowledge of mortgage technology makes him an excellent fit to present the unique value proposition behind the company's digital mortgage software solutions.
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WSJ: Mark Zuckerberg's "secret deal" for $59 million Lake Tahoe compound

Facebook CEO buys neighboring estates with private docks
Mark Zuckerberg secretly purchased two neighboring estates to assemble a compound on the West Shore of Lake Tahoe for a combined $59 million, The Wall Street Journal reported. Ironically, two days before the story broke, Zuckerberg spoke at a Facebook conference while standing in front of a giant screen emblazoned: "The future is private."
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