Technology

Xome’s earnings, sales slip slightly in Q3 2016

The end-to-end real estate transaction platform reported its quarterly income and expenses

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Xome -- the end-to-end real estate platform launched in June 2015 by mortgage holding company Nationstar -- hasn't yet become the disruptive "Uber of real estate" that some have predicted is on the industry's horizon. Still, the company earned Nationstar $11 million in the first quarter of 2016 and an adjusted $22 million in Q2. Reporting a slightly smaller but still respectable $20 million in Q3, it's safe to say that Xome isn't throwing in the towel on the disruption game just yet. Profit and loss Nationstar's total earnings for Q3 2016 were $542 million, and expenses totaled $407 million, bringing the balance sheet to an overall profit of $51 million after other interest income and expenses. "Our third quarter achievements solidify us as the preferred industry partner," said Jay Bray, Chairman and CEO, in the company's statement. "In the quarter we posted strong operational results, added almost 510 thousand customers to our servicing platform, funded over 25 thousand...