Industry News

Richard Sommer assumes reins at HomeGain

Inman says real estate co. found dynamic new leader

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HomeGain, a provider of customized services to consumers using the Internet to buy and sell homes, today named online real estate industry and mortgage-banking veteran Richard F. Sommer as the company's chief executive officer and a member of its board of directors. "Richard Sommer has the industry credentials and leadership qualities to take HomeGain to the next level of success," said HomeGain Founder Bradley Inman. Inman, also the founder and publisher of Inman News, will continue to serve as chairman of the board of HomeGain. "We spent more than nine months searching for the right kind of leader for HomeGain and we are extremely pleased to have found him," he added. Industry leader and executive Steve Ozonian commented: "Richard is a dynamic industry leader who understands the real estate business and is a friend of both Realtors and lenders." The privately held company celebrated its fifth anniversary and first full year of profitability in May 2004. More recently, HomeGain exper...