In the fall of 2009, RealtyTrac was in the red and laid off nearly 30 employees to return to profitability. RealtyTrac CEO Jamie Moyle says 2013 is shaping up to be the most profitable year in the company’s history, now that it’s shut down business divisions that weren’t profitable and focused on “core competencies” — aggregating and distributing data.

(If you’ve ever wondered how RealtyTrac gathers all that information on foreclosed properties from county recorders, Moyle says that in counties where data is not available online, “we have people who will go in with their cell phones and take pictures of (filings) and go home and type it in.”)

Moyle, who joined RealtyTrac last year after it acquired another company he founded, Homefacts, says he expects to be around longer than his predecessor, Brandon Moore, who was brought in to do “mechanical things” and was around for less than a year. Moyle says “anything’s on the table” regarding an IPO or acquisition, although RealtyTrac’s main backer, Renovo Capital LLC, “is very patient.” Source: heraldtribune.com.

 

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