Foreclosure Home Press Releases REALTYTRAC HIRES JAKE ADGER AS CHIEF ECONOMIST

REALTYTRAC HIRES JAKE ADGER AS CHIEF ECONOMIST

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Adger Tasked with Expanding RealtyTrac’s Analytical Arm and Developing Products and Services Leveraging Vast Housing Database

IRVINE, Calif. - April 17, 2013 - RealtyTrac™ (www.realtytrac.com), a leading online marketplace for foreclosure properties and real estate data, announced  today the hiring of Jake Adger as Chief Economist. Adger will spearhead a new department that will be tasked with conducting original economic housing research and developing new products and services that leverage the company’s vast real estate database.

“We are building our analytics team and bringing innovation, transparency and excellence to the real estate industry, and we are delighted that Jake  has joined the RealtyTrac team," said RealtyTrac CEO Jamie Moyle. “He brings research and analytics experience that will help us to track important housing market trends, empowering real estate consumers and investors with the information they need to make good decisions.”

Adger will work with RealtyTrac’s database and public relations team to create new real estate reports and studies available to the public. He will also interface  with other business units in the RealtyTrac organization — from member services and sales to data licensing and report sales — providing those business units with analysis and research to help them develop new products and services for RealtyTrac customers.

“I’m thrilled to be working with RealtyTrac,” said Adger. “This is a unique opportunity to use RealtyTrac’s comprehensive housing market data to create new ways to analyze the residential housing market. RealtyTrac’s data covers MLS listings, foreclosure, and rental market data, as well as proximity to local amenities and hazards. It is an exciting time to be conducting original real estate research considering how important housing is to the overall U.S. economy.”

Adger brings 11 years of analytic  and product management experience to RealtyTrac. He has held senior management positions in a diverse group of companies, including SuccessFactors, Deloitte Consulting and Ski West. He was most recently a director at SuccessFactors, the leader in cloud business execution software.  At SuccessFactors, Adger analyzed and improved operational processes and tools for field sales and free  trials. Adger developed new products and  improved user experience while leading the “NEXT Labs” initiative to bring consumer software usability to Enterprise Software.  

Prior to joining SuccessFactors, Jake was a consultant at Deloitte  Consulting in San Francisco, Calif., where he advised large high tech clients on sales and marketing operations and systems implementations. He was also the director of operations at Ski West in Park City, Utah, overseeing the company’s customer relationship management (CRM) and enterprise resource planning (ERP) applications.

Adger earned a Masters of Business Administration from the University of Pennsylvania’s Wharton School of Business. He received a bachelor of sciences degree in economics and computer science from Vanderbilt University in Nashville, Tenn.

About RealtyTrac Inc.
RealtyTrac (www.realtytrac.com) is the nation’s leading source of comprehensive housing information, with more than 1.5 million active default, foreclosure auction and bank-owned properties, and more than 1 million active for-sale listings on its website, which also provides essential housing information for more than 95 million homes nationwide. This information includes property characteristics, tax assessor records, bankruptcy status and sales history, along with 20 categories of key housing-related facts provided by RealtyTrac's wholly-owned subsidiary, Homefacts®. RealtyTrac's foreclosure reports and other housing data are relied on by the Federal Reserve, U.S. Treasury Department, HUD, numerous state housing and banking departments, investment funds as well as millions of real estate professionals and consumers, to help evaluate housing trends and make informed decisions about real estate.

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Media Contacts:
Ginny Walker
949.502.8300, ext. 268
ginny.walker@realtytrac.com

Jennifer von Pohlmann
949.502.8300, ext. 139
jennifer.vonpohlmann@realtytrac.com


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