Los Angeles-based RealtyMogul.com, an online marketplace for real estate investment, has named Timothy Li as chief information officer. Previously, Li has worked at a number of firms in the marketplace lending and FinTech sectors that included LoanDepot, Quick Bridge Funding, Think Finance and JPMorgan Chase. RealtyMogul.com is backed by Sorenson Capital and Canaan Partners.
LOS ANGELES–(BUSINESS WIRE)–RealtyMogul.com, the online marketplace for real estate investing, has hired Timothy Li as its Chief Information Officer (CIO). This strategic, executive hire is based on the significant growth RealtyMogul.com has experienced, alongside its recently announced $35 million series B round of funding.
Li will be responsible for combining information, technology and predictive analytics to enable RealtyMogul.com to connect capital partners with real estate professionals through the company’s technology platform.
“I am excited to immediately contribute to RealtyMogul.com by focusing on technology and risk management,” said Li. “We will continue to integrate our technology with new data providers to gather data points needed to accurately address risk for each transaction and increase our speed of underwriting and funding new investments. We believe in complete transparency, providing greater access of data to our borrowers, sponsors and capital partners to make informed decisions. On top of data, we will be deploying predictive analytics to increase the confidence of our borrowers and capital partners and measure operational performance to maximize our efficiencies.”
“Tim brings a wealth of experience in marketplace lending to RealtyMogul.com, and is a great compliment to our expanding c-level team,” said Jilliene Helman, CEO of RealtyMogul.com. “He has the perfect combination of skills and experience in technology, risk, marketing and operations. He successfully launched a number of lending products, as well as advised peer-to-peer crowdfunding and alternative financing startups. For me, hiring Tim as our CIO is a meaningful addition.”
Prior to joining RealtyMogul.com, Li served in senior management positions within marketplace lending and FinTech including: EVP and General Manager of Consumer Lending for loanDepot; Chief Risk Officer at Quick Bridge Funding; SVP, Chief Analytics Officer at Think Finance; and VP, Risk Director at JPMorgan Chase. Additionally, his experience includes roles as a Mathematical Engineer at Intel Corporation and counseling companies like Hello Soda, Domuso, Blinker App, Kabbage, Inc. and Mosaic as either a board member, committee member or in an advisory role.
Li earned his B.S. degree in engineering and mathematics from San Jose State University and his M.S. degree in mathematical optimization from the University of Southern California. He attended Harvard Business School’s program for leadership development. He holds a patent for Systems and methods for distribution of cash.
RealtyMogul.com is an online capital marketplace for real estate, connecting borrowers and sponsors to capital from accredited and institutional investors. Through an online platform, RealtyMogul.com gives borrowers access to debt capital, sponsors access to equity capital and investors tools to browse investments, perform due diligence and invest online. RealtyMogul.com offers fix-and-flip loans, bridge and permanent loans and joint venture equity. For more information, please visit www.realtymogul.com.