Company Leverages The Proven Track Record of Forward-Thinking Internet Entrepreneur To Further Enhance its Value Proposition to Real Estate Consumers and Professionals
Irvine, Calif. – Aug. 14, 2012 — RealtyTrac® (www.realtytrac.com), the leading online marketplace for foreclosure properties, today announced that it has appointed President and Chief Operating Officer Jamie Moyle to the role of Chief Executive Officer, solidifying the company’s firm commitment to maintaining long-term growth, nurturing expansion into untapped areas of the market, and continuing its mission of dramatically improving the overall experience of transacting real estate.
Moyle has a proven track record for taking Internet-based businesses to the next level, most recently at Homefacts (www.homefacts.com), which was acquired by RealtyTrac in April 2012, and previously at the prominent online vacation rental sales retailer SkiWest, which he sold to Overstock.com in 2005.
“Armed with innovative technology, a formidable data offering and an aggressive roadmap toward expansion, I’m excited to lead RealtyTrac’s transition to the next level, starting immediately with visible enhancements to the RealtyTrac website aimed at making it a more usable tool for consumers,” said Moyle. “These enhancements, which are on track to be unveiled within the next few months, will provide real estate consumers and professionals with more of what they have come to expect from RealtyTrac — easier access to the information they need to effectively make the right decisions about real estate.”
“The acquisition of Homefacts earlier this year provided RealtyTrac with a unique opportunity to increase its capabilities and simultaneously tap into the entrepreneurial experience of Jamie Moyle,” said David Hull, Partner at Renovo Capital LLC, which acquired a majority stake in RealtyTrac in November 2011. “The entrepreneurial vision and operational expertise possessed by Moyle as Homefacts founder and CEO — along with his previous experience at SkiWest and Overstock.com — made him an obvious choice to step into this new role, building on the strong foundation established by previous CEO Brandon Moore.”
Moore, who joined RealtyTrac as CEO in 2011 with the goal of establishing a solid foundation for future expansion, will serve as a consultant to the board, targeting his expertise toward intensive testing initiatives and site optimization that further fine-tune the engine driving RealtyTrac’s subscription-based business model.The framework Moore created for achieving sustainable growth backed by solid, data-driven business fundamentals will enable Moyle to continue focusing on the day-to-day management of RealtyTrac’s product development and consumer-facing teams, while harnessing his entrepreneurial instinct and Internet marketing expertise to guide the company’s expansion, bringing to market innovative new solutions that will positively impact the real estate industry.
About RealtyTrac Inc.
RealtyTrac (www.realtytrac.com) is the leading online marketplace of foreclosure properties, with more than1.5 million default, auction and bank-owned listings from over 2,200 U.S. counties, along with detailed property, loan and home sales data. Hosting millions of unique monthly visitors, RealtyTrac provides innovative technology solutions and practical education resources to facilitate buying, selling and investing in real estate. RealtyTrac’s foreclosure data has also been used by the Federal Reserve, FBI, U.S. Senate Joint Economic Committee and Banking Committee, U.S. Treasury Department, and numerous state housing and banking departments to help evaluate foreclosure trends and address policy issues related to foreclosures.
Jennifer von Pohlmann