CARY, N.C., July 7, 2021 /PRNewswire/ -- Fathom Holdings
Inc. (Nasdaq: FTHM), a national, technology-driven, end-to-end
real estate services platform integrating residential
brokerage, mortgage, title, insurance, and SaaS offerings for
brokerages and agents, today announced that it has created a
Hispanic division to better serve this fast-growing
demographic. Flavio Jimenez, a
real estate industry veteran, will lead the division as Vice
President of Business Development for the Hispanic Market, a newly
created position.
According to a recent report by the Urban Institute, Hispanic
homebuyers are poised to become a leading force in the U.S. housing
market. By 2040, it is expected that 70% of all new home
buyers will be Hispanic.
Jimenez will lead Fathom's efforts in this important and growing
market. With more than two decades of residential real estate
and home mortgage experience, he will bring his team of more than
20 agents at Source Realty to the Fathom family, enhancing the
Company's position in the Las
Vegas market, which is characterized by rising home prices
and number of homes sold. Jimenez also is host of the popular
radio show, The Flavio Jimenez Show on 1460 AM Deportes Vegas,
which has run every weekday for 18 consecutive years.
"At Fathom, we pride ourselves on placing others first. It
is our desire to serve our communities in every way possible, not
just through what's convenient or easy," said Fathom CEO
Joshua Harley. "We recognize
that there are many underserved communities in this country and
it's refreshing to see companies take more intentional steps to
address them. However, we believe that the Spanish-speaking
community is still rarely talked about in the real estate space,
and it's our desire to fill the void. Our industry needs to
evolve in new and creative ways that remove barriers and meets the
growing needs and demands of Hispanic homebuyers.
"We will be investing in this amazing and dynamic community in
several ways. First, by helping them better understand how to
buy, sell, and invest in real estate, through education, as a
foundational wealth and legacy strategy. Second, by providing
multiple scholarships each year to those in the Hispanic community
seeking their real estate licenses and who wish to give back to
their communities. Third, by further developing our
Spanish-speaking operations to better support this initiative
through our real estate, mortgage, title, insurance, and technology
companies. And fourth, by creating print and digital
resources, and technology tools in Spanish to help members of this
important community better understand the process and remove many
of the barriers they currently experience," Harley said.
"Partnering with leaders like Flavio, who have made it their
life's mission to give back to the Hispanic community, offers
Fathom an opportunity to move beyond a simple idea and toward
seeing our vision of service to this community become a reality.
We believe this initiative will not only bring more value to
Hispanic communities, but also to our Fathom agents, employees, and
shareholders."
"I have worked in the real estate industry for 23 years as a
real estate agent and mortgage loan officer, but through all of my
experience, none of the brokerages I worked for truly understood
the Hispanic market," said Jimenez. "Because none of them had
a real interest in understanding the Latino community, I created
Source Realty to provide better representation for this important,
but highly underserved, demographic. Partnering with a
national team like Fathom, whose desire to invest in the Hispanic
community mirrors my own, should allow us to provide the best
possible service to the Latino community as we help them with all
aspects of their real estate needs."
"Fathom is an incredibly diverse company, and as a Spanish and
Portuguese-speaking immigrant to this great country, I am proud of
how proactive Fathom is in truly serving all communities,
especially the underserved," said Fathom President and Chief
Financial Officer Marco Fregenal.
"This announcement demonstrates that we're going beyond
simple lip-service when we say that we care. We're taking
action by pouring education, service, technology, and financial
investment into these communities to ensure our Spanish-speaking
friends and family have everything they need to live the American
dream like I've been so blessed to enjoy."
About Fathom Holdings Inc.
Fathom Holdings Inc. is a national, technology-driven, real estate
services platform integrating residential brokerage, mortgage,
title, insurance, and SaaS offerings to brokerages and agents by
leveraging its proprietary cloud-based software,
intelliAgent. The Company's brands include Fathom Realty,
Dagley Insurance, Encompass Lending, intelliAgent, Real Results,
and Verus Title. For more information, visit
www.fathomrealty.com.
Cautionary Note Concerning Forward-Looking
Statements
This press release contains "forward-looking
statements," including, but not limited to, bringing more value to
Hispanic communities, and Fathom agents, employees, and
shareholders. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company, including: risks in effectively managing rapid growth in
our business; reliance on key personnel; competitive risks; and the
other risk factors set forth from time to time in our SEC filings,
copies of which are available on the SEC's website,
www.sec.gov. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this
release, except as required by law.
Investor Relations and Media Contacts:
Roger Pondel/Laurie Berman
PondelWilkinson Inc.
investorrelations@fathomrealty.com
(310) 279-5980
Marco Fregenal
President and CFO
Fathom Holdings Inc.
investorrelations@fathomrealty.com
(888) 455-6040
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SOURCE Fathom Realty