Lewisville, Texas-based Nationstar Mortgage Holdings Inc.  has announced the hiring of Kal Raman, a leading technology executive, as CEO of the company's wholly-owned subsidiary, Solutionstar .
Solutionstar was created to provide technology-based real estate services that make the process of buying and selling a home easier and to provide more transparency among both consumers and real estate professionals. Raman has more than two decades of experience in leadership positions with innovative technology and retail businesses. He served as COO for Groupon in addition to serving as CEO of the company's Asia Pacific region. His other past positions include VP of Global Fulfillment at eBay, CEO of GlobalScholar, a leader in enterprise software for public schools; SVP at Amazon in charge of the company's retail technology and marketing units; CEO of drugstore.com; and multiple management positions with Wal-Mart.
"We see a tremendous opportunity to use technology to make the real estate experience easier and more streamlined for homebuyers, home sellers, and real estate professionals across the country," Nationstar CEO Jay Bray said. "Kal has a long record of success leveraging technology and innovation to deliver a high-quality customer experience, and we're thrilled that his expertise will not help Solutionstar bring that kind of innovation to the real estate industry. Kal's appointment is a natural next step in Solutionstar's growth, and his proven technology, e-commerce, and operational experience will be a critical asset to the Solutionstar team as it capitalizes on these opportunities and continues its growth as a national leader in real estate technology."
Raman will oversee all activities at Solutionstar as its CEO, one of which will be the integration of leading real estate data aggregation company Real Estate Digital (RED) into existing services, following Solutionstar's acquisition of RED in May. Raman will also be charged with advancing Solutionstar's broader effort to offer its comprehensive, end-to-end online real estate technological services to buyers, sellers, and real estate professionals across the nation. Raman will operate out of Seattle, where Solutionstar will soon be opening a new office.
"For many Americans, buying or selling a home is the biggest financial decision they will make, and Solutionstar is using its technological expertise to make that process more transparent, convenient, and affordable for real estate professionals and consumers alike," Raman said. "Acquiring RED was an important step toward elevating Solutionstar as the nation's leading real estate innovator, and I'm energized by the opportunity this creates to develop Solutionstar into a true technology company. Solutionstar is making a significant, sustained investment in innovation to make real estate services simpler and more accessible. In the coming weeks and months, we look forward to unveiling new technology products and services to better connect consumers and real estate professionals – and, ultimately, to deliver a truly integrated, comprehensive online real estate solution."