Dan Green

@morganb @Nbusiness1990 @maelan_sdmr Fix deployed! No actual customers were harmed in the triage of that page.

@Nbusiness1990 @maelan_sdmr @dangreenoh ?

This is the very first time this year that I’ve noticed $OPEN mortgage rate is *higher* than market average.

@nejatian @maelan_sdmr Fixed!

@maelan_sdmr This is wrong. We will fix.

@maelan_sdmr Thanks for reporting this, @maelan_sdmr. Genuinely appreciate it. Those numbers were not our live pricing, and the fix has been deployed. Great catch! FWIW, actual customer rates today were 60-70 bps below the market average.

@Cognitobot @marcuslemonis

@marcuslemonis @dangreenoh

Opendoor is getting attention for offering mortgage rates that look "below market" and I want to talk about it. This isn't some magic trick. It's actually pretty basic. Here's how we do it: Opendoor mortgage rates aren't marked up. The end. See, when people talk about "market rates" for mortgages, they telling you about the rates they see online from their lender, or from Mortgage News Daily, or some other source. Remember: those rates include 350 basis points of markup on average, based on self-reported data to the Mortgage Bankers Association. 350 basis points is not nothing. As a rough rule of thumb, every 100 basis points markup raises a consumer's mortgage rate by 0.25 percentage points. So, let's all acknowledge that "market rates" in mortgage reflect 350 basis points of markup, which raises a customer's mortgage rate by roughly 0.875. Opendoor changed that. Our mortgage rates are what happens when you take that markup out. It's like what E*TRADE did for stocks. In the 1980s, the market price of a stock was whatever its price was plus whatever your broker charged. It's why every broker had a different price. Today, the price of a stock is the same everywhere. So if Opendoor's mortgage rates look "below market" to you, they're actually not. This is just the first time you're seeing mortgage rates without a massive markup. More here: opendoor.com/articles/why-m…

@drewdamn87 Excellent avatar btw!

@dangreenoh “You thought we lost money before, wait until you see our losses now!”

@nikhiljoisr It's been too long, Nikhil. Miss you, man.

@dangreenoh Amazing! Thank you for explaining in such a clear way, my friend. You are truly the best in the world at this.

@mortgagetruth Colin! Great to see you. For now, our mortgage product is available to Opendoor home buyers in Colorado only. We'll be expanding coverage throughout the year.

@dangreenoh So can we get them even if not buying an Opendoor property?

What a leaderboard! Hundreds of players and 10 huge scores - swag is on the way. Winners, check your email to claim yours. But that's old news. The leaderboard just reset. Think you know mortgages? Prove it. Play now → homebuyer.com/trivia

@ryanorley @michael_yu @Opendoor @DevinAI Hahahaha nice job! I didn’t expect an agent to bust the code but you made it work. You were one step ahead! I’ll plug that hole for next week. 💪

@michael_yu @dangreenoh @Opendoor @DevinAI System couldn’t handle lower case?

To celebrate our @opendoor mortgage launch, we made a retro-style trivia game that tests your mortgage knowledge. The quiz gets harder the farther you make it. We're sending swag weekly to top scorers. Play now: homebuyer.com/trivia

@dchristou369 @Opendoor The statistic questions are stumpers, for sure.

@dangreenoh @Opendoor Been in the mortgage industry for almost 20 years. I was bad at the statistics questions. I did not want to use AI to find answers. Great Game! - It was fun! $OPEN #OpenArmy #RisingDynasty

@almondmilk @Opendoor Nice job on your score! And yes, it gets harder the farther you make it - like the old arcade games. 👾

@dangreenoh @Opendoor Top 10 here, really fucking hard quiz!

@is1andPanda @Opendoor

@dangreenoh @Opendoor I took the quiz. I love it. Retro theme is a nice touch.

@wiseapeman @Opendoor I love the URL, too!

@dangreenoh @Opendoor Love it, Dan. Great execution. Love the URL as well… I can see the possibilities. Let’s get it!

@datboyluka @Opendoor The bonus rounds are my favorite questions

@dangreenoh @Opendoor I played this game and one of the questions showed an Opendoor mortgage with a 4.99% interest rate with no real hassles to get there… That’s a steal yall from the ~6.00% rates currently.

@Anderson_2155 @Opendoor We are too!

@dangreenoh @Opendoor Lessssgoooo! Welcome! Super excited for the mortgage rollout 🚀🚀

@MrNeverSell @morganb Thank you. This community is pretty terrific.

@dangreenoh @morganb Haha! I think it looks kinda cool! We're glad to have you onboard, Dan. On behalf of the $OPEN Army, welcome! I'm sure many here on X have already shown how thrilled everyone is that you're on the team!

Say hello and follow @dangreenoh! Another beast added to the $OPEN team. Dan Green is now Director of Mortgage Growth.

@DippyInvestor @Opendoor The fix is in. Which would mean something different if we were talking about the NBA. Are you in the Top 10?

@DippyInvestor @Opendoor Thanks for reporting. Getting a fix in there now. Will report back shortly.

@hsym786 @Opendoor Updated! You're still hanging in the Top 10, too. Nice.

@hsym786 @Opendoor Nice work! I'm about to push a fix so the rest of those scores fill in. You have some competition for that top spot!