Opendoor Teams Up with Roam to Enhance Home Buying and Selling Experience
Roam founder and CEO, Raunaq Singh, praised Opendoor’s innovative approach to the real estate market. He stated, “Opendoor completely reimagined the way that consumers buy and sell homes. By pairing Roam’s assumption infrastructure with Opendoor’s marketplace experience, we can help sellers get more for their home sale and help buyers access low-rate financing. This allows consumers to move with confidence — regardless of the rate cycle.”
With the recent integration, Opendoor will identify homes with assumable mortgages and recommend Roam as a way for qualified sellers to achieve a higher sales price. The collaboration will focus on eligibility coordination, education, and agent enablement, with future opportunities for further integration.
Raunaq Singh, who previously led Opendoor’s mortgage operation, heads Roam and has the support of Opendoor co-founders and board members Keith Rabois and Eric Wu. Roam recently secured $11.5 million in its Series A funding round, led by Rabois’ venture capital firm Khosla Ventures.