Eric Wu, CEO and co-founder of Opendoor, is proud of how far the company has come since its launch in 2014. Opendoor was created with the goal of simplifying the often-complicated process of buying or selling a home. Opendoor makes a competitive offer on a seller’s home, allowing individuals and families to avoid months of uncertainty while they wait for a buyer and to instead move at a time that is convenient for them.
In 2019, Opendoor expanded to Phoenix, Ariz.; Jacksonville, Fla.; and Portland, Ore. In addition, the company introduced Opendoor Home Loans to provide homebuyers with competitive interest rates, no lender fees and guaranteed on-time closing.