Technology

Users of hybrid brokerage Xome have made 671 offers since June

Platform has over 130K registered users since launch 2 months ago

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Takeaways:

  • Xome has over 130,000 registered users and 1.4 million visits since launching in June.
  • Xome is a licensed brokerage that feeds deals to partner agents who agree to work at a discount.
  • Xome is among a crop of new online real estate marketplaces that aim to bring more of the transaction online.

Novel end-to-end real estate brokerage and marketplace Xome has secured 130,000 registered users and 1.4 million visits to its site since its June debut, according to parent company Nationstar Mortgage Holdings’ second-quarter earnings statement.

Xome users have made 671 offers and 806 tour requests through the platform, while more than 100,000 users have downloaded its iOS mobile app.

Xome-1

The firm has sent 1,400-plus leads to the more than 14,000 agents in its network who agree to charge a commission of — at most — 2 percent for their services.

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A licensed brokerage, the firm has no agents itself but sends leads to its agent network in exchange for a referral fee.

Xome uses an online “concierge” service to usher homebuyers and sellers through a transaction from beginning to end.

Xome

Nationstar envisions capturing some Xome clients for its title and mortgage divisions, potentially giving it a hand in the full life cycle of a deal.

Xome is among a crop of new online real estate marketplaces such as Opendoor and Owners.com that aim to bring more of the transaction online.

Email Paul Hagey.