Kaz Nejatian

speaker

603 appearances 1 recordings 1 series first heard Jan 2026 last heard 23 Jan

Kaz Nejatian’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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I have their payment data.

It just sounds insane.

I think traditional underwriting is just deeply flawed and deeply broken.

And when you go into a mortgage factory today, it is not that different than how it would have been run, honestly, 20 years ago.

It's basically the same structure, same people, same processes.

This is why the average mortgage costs over $10,000 to produce.

It doesn't have to be that way.

Let me give you an insane, a very large part of our cost structure at Opendoor.

is a number of days that the house sits on our balance sheet before we can sell it to you.

You said you want to buy a house.

You've gone to one of our homes in Dallas, Texas.

You're like, we want to buy it.

You've done the online checkout.

We have to wait a month or two sometimes for the mortgage to get funded.

Well, if we run our own mortgage business, that month can go down to eight days.

or two could go down to eight days.

That's a lot of waste in the system that we're paying for, and you don't get a house you want.

Imagine you want to buy a house, we can buy your house, give you a mortgage, and the entire thing can be done in days rather than months.

I think they're very similar.

The model is very similar.

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