Haus, a co-investment platform for homeownership, announced this week that it is bringing on two industry veterans to fill top positions within the growing company.
The company aims to make homeownership more affordable by co-investing in properties with homebuyers. In exchange for shared equity, the homebuyer can get up to 30% lower monthly payments than an average traditional mortgage, according to the company.
The startup was founded by Uber Co-Founder Garrett Camp and hired Jonathan McNulty as its chief executive officer only last fall.
Now, Haus continues to grow, as it welcomed Ralph McLaughlin as chief economist and Kevin Nerney as vice president of operations.
“Ralph and Kevin will be critically important in guiding Haus’ growth and our continued investment in both homes and people,” McNulty said. “Kevin’s expertise will help us build our team and product strategically while ensuring we are always maintaining a great consumer experience, and Ralph’s deep industry knowledge will ensure that our company and customers are buying the right homes at the right prices, in the right markets.”
McLaughlin previously worked at CoreLogic, where he held the position of deputy chief economist. Before that, he served as chief economist for Trulia. McLaughlin is widely recognized as an expert in the housing and mortgage industries.
In his new role, McLaughlin will be responsible for “applied research in the real estate and housing spaces that provides market insights and forward-thinking crucial to Haus’ customers and investors,” according to the company.
Nerney joins Haus from Unison where he served as the general manager and head of product. In that role, he was responsible for commercial success and end-to-end customer experience of Unison.
He also oversaw various operations and corporate programs with LendingHome and ServiceSource International. As vice president of operations for Haus, Nerney will be tasked with streamlining internal and external processes to make Haus more “scalable.”
Haus is currently available in select cities in California, Oregon and Washington.