Article Summary
Flyhomes hired Tyler Moynihan, Nihit Nirmal and Wendy Tieu to expand lender and real estate partnerships around its buy before you sell platform. The hires follow a Figure financing framework sized for up to $2.4B in annual volume as adoption grows. AI Summary
Flyhomes announced Thursday that it has hired three senior executives as the company expands its partnerships with mortgage lenders and real estate companies around its buy before you sell platform.
Tyler Moynihan, a former Zillow business development leader, joins Flyhomes as vice president of business development. Nihit Nirmal has been named vice president of product and Wendy Tieu returns to the company as director of partner enablement.
Moynihan spent more than 11 years at Zillow, where he led business development. At Flyhomes, he will focus on strategic partnerships aimed at expanding the company’s buy before you sell offering among lenders and real estate organizations.
The platform is designed to help homeowners purchase their next home before selling their current one, addressing challenges that can arise when buyers need to access home equity or qualify for a new mortgage while still owning their current property.
“Homeowners shouldn’t have to put their lives on hold because buying and selling a home is too complicated,” Flyhomes CEO and co-founder Tushar Garg said in a statement. “Tyler, Nihit and Wendy will help us bring that work to more partners and unlock demand sitting on the sidelines.”
The hires follow Flyhomes’ recent partnership with Figure, which established a financing framework capable of supporting up to $2.4 billion in annual buy before you sell volume as adoption grows.
Flyhomes has also launched a redesigned website and a Partner Portal as it focuses more heavily on lenders and loan officers. The company is expanding through wholesale and partner channels, giving industry professionals access to its buy before you sell tools.
“Lenders and real estate companies already have relationships with homeowners who want to move but feel stuck,” Moynihan said. “Flyhomes gives those partners a way to help customers take the next step while keeping those relationships at the center of the transaction.”
Nirmal will oversee product development, with a focus on making the platform easier for partners to use as they evaluate homeowners’ options and move transactions forward.
Tieu will focus on partner education, resources and ongoing support. She will help lenders and real estate agents identify situations where the buy before you sell platform can help keep transactions moving or allow homeowners to reconsider moves they had postponed.
Flyhomes has evolved from a direct-to-consumer real estate company into a platform serving the broader housing industry. Its buy before you sell offering is designed to address three barriers to moving: qualifying for a new mortgage while still owning a home, accessing equity for a new purchase and making an offer without a home-sale contingency.
This article was generated using HousingWire Automation and reviewed by a HousingWire editor before publication.
