The parent company said the organizational changes will allow DeJane Carr, Fathom Realty’s senior vice president of compliance, to focus on brokerage compliance.
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Former eXp Realty Director of Operations Andrew Schock brings 20 years of experience in the residential brokerage industry to join Fathom Realty and has been named Vice President of Operations, the company announced Thursday.
Samantha Giuggio
“Andrew’s expertise, knowledge and positive energy are perfectly aligned with our vision and will propel us toward our goals,” Fathom Realty President Samantha Giuggio said in a statement. said. “Thanks to his leadership, we are confident in our continued progress toward becoming the top choice for agents and clients across the country.”
Having Schock oversee operations will allow DeJane Carr, Fathom Realty’s senior vice president of compliance, to focus on compliance in the brokerage business, the company said. The organizational changes “reflect Fathom Realty’s commitment to driving growth and improving efficiency,” the company said.
Parent company Fathom Holdings announced last month that Mr. Giuggio, formerly chief operating officer of Fathom Realty, will be promoted to president of Fathom Realty and chief operating officer of the parent company. John Gwinn, former COO of Fathom Holdings, has been appointed chief revenue officer, a newly created role.
Mr. Schock worked for eXp Realty for seven and a half years, serving as designated managing broker in Sarasota, Fla., for two and a half years before becoming eXp’s director of brokerage operations, a position he held until May.
A graduate of the University of Toledo, Schock worked as a RE/MAX broker in Ohio for nearly 20 years, according to his LinkedIn bio.
andrew shock
“Throughout my career, I have been driven by a commitment to revolutionizing real estate, and Fathom’s values strongly reflect that vision,” Schock said in a statement. “Together, we are building a platform where agents can grow, thrive and achieve lasting success in a supportive environment.”
Cary, North Carolina-based Fathom Holdings generates more than 90% of its revenue through its real estate brokerage business, but it is also a provider of mortgage, title insurance and agency technology.
Since raising $31.3 million in an initial public offering in 2020 and pursuing acquisitions to expand its reach, the company has been in the red due to rising mortgage rates and slowing sales. Fathom Holdings, which reported a loss of $8.1 million in the third quarter, said it has accumulated losses of $86.9 million to date.
However, thanks to the company’s flat fee and revenue-sharing model, the number of agents rose 9% year over year to 12,383 as of September 30, despite a 9% drop in transaction volume to 9,331 transactions. and continues to increase.
Fathom Realty announced last month that My Home Group, Arizona’s third-largest real estate brokerage with 2,200 agents, after raising $5 million in funding in September to accelerate growth plans. announced the acquisition of
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