Lucas Lu
1.5K posts

Lucas Lu
@loocaslu
Building something new in AI & computer vision. Formerly @gethoneydue. YC S16. Passionate about real estate.
Brooklyn & Toronto Katılım Ekim 2008
798 Takip Edilen430 Takipçiler
Lucas Lu retweetledi
Lucas Lu retweetledi

Today @Opendoor is announcing the acquisition of Doma's closing and escrow operations. We're now part of delivering @FannieMae Title Acceptance Program at scale. For homeowners refinancing, that means no unnecessary title insurance policies, a faster close, and real savings. This is what fixing homeownership actually looks like. Read more here -->
opendoor.com/articles/doma-…
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Lucas Lu retweetledi

Join @Opendoor's founding team in Toronto. Help tilt the world towards homeowners.
projects.opendoor.com/toronto-hiring…
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@splinetool @omma_ai @splinetool this is super cool. just curious - what's the underlying AI model that powers the 3D object and scene construction?
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Today, we're releasing Omma.
Create 3D, Websites, and Apps with AI agents.
Start now on omma.build
Follow @omma_ai
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@simworld_ai very cool demo! what is the underlying ai model powering the spacial reasoning?
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Lucas Lu retweetledi
Lucas Lu retweetledi

Introducing Robinhood for families 🔥
We just unveiled the new family hub. Get a holistic view of your household’s financial portfolio with account sharing and personalized permissions for your family.
Plus Custodial accounts are available now, and Trust accounts and the Family hub are coming soon.
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Lucas Lu retweetledi

@replicate getting "API Error (ResourceInsufficient): Resources are insufficient." I have $14.35 credit available. Any idea what I might be missing?
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Lucas Lu retweetledi

Given that this got a lot of questions. Let me be helpful. Again. This is early. We have a lot to learn. But structurally at least 65-85 bps worth of yield of any mortgage is the margin and inefficiency that goes to the chain of companies and sales and ops people that touch that mortgage. You reduce that, you reduce the costs. There are also obviously scale advantages.
We haven’t invented new math here. What we have done is say if our goal was to offer the lowest mortgage rate possible rather than make the most amount of money possible, what would we do?
We are early but we have been able to automate away much of the flow and we believe we can automate the rest. Also, Opendoor as the seller of the home has unique cost structures that allow us to do things (for example I’ve talked about this publicly, sitting around waiting for a mortgage to get funded by a bank is a relatively large cost for us today!).
Our mortgage product is live only in limited flows in limited places. We are early. But, thus far, we think we are onto something.
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Lucas Lu retweetledi
Lucas Lu retweetledi

@ericjackson has anyone done any analysis on how much money open can be making if mortgages and other financial services account for 85% of margin? (Pulled 85% from EJ’s analogy on CVNA?
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@KixtenTrades @nejatian @Opendoor Positive ebitda != profitable, it simply validates the company has a viable operation that brings in more cash than it burns. But things trending in the right direction nonetheless
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$OPEN BREAKING NEWS 🚨
@nejatian just confirmed @Opendoor expects to be Adjusted EBITDA profitable by the start of Q2 2026.
From survival to profitability.
From doubt to execution.
This is how turnarounds are built. 💪
#OpenArmy #Opendoor #RisingDynasty
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Lucas Lu retweetledi

$OPEN want to give a big shoutout to Christy Schwartz for her earnings call delivery, I find her answers clear, concise and free of corporate jargons. it's a great boost of confidence for $OPEN longs that we have her driving the financials at the company. @nejatian @ericjackson
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