Opendoor Technologies: AI Efficiency Meets 200 Billion USD Mortgage Purchases!
Reading Time: 2 minutes
Opendoor Technologies (OPEN) is undergoing a transformation process as an online marketplace for residential real estate under the leadership of CEO Kaz Nejatian, who has been in office since September. As an iBuyer, properties are purchased after a digital assessment and resold after repairs. With the help of over a dozen AI tools, automation and transaction volumes are expected to increase significantly, while personnel costs are massively reduced. AI home valuations, thanks to AI analysis of photos and videos, can already be shortened from one...
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