LOS ANGELES--(BUSINESS WIRE)--AssetAvenue, the leading online lender for real estate investment properties, today announced the appointment of Douglas Sellers as Chief Technology Officer. Mr. Sellers brings more than 15 years of experience directing all areas of information technology within diverse industries, and he will be responsible for leading all of AssetAvenue’s technology initiatives and developing the product roadmap to launch new products and features for users of the company’s cutting-edge online lending platform.
“Douglas’s deep technical expertise combined with his entrepreneurial spirit made him a perfect fit for AssetAvenue,” said David Manshoory, CEO and Co-founder of AssetAvenue. “He arrives at a crucial period during the company’s growth. He will be instrumental in helping the company scale its underwriting capabilities and loan volume with the use of technology to streamline the current lending process while creating a better experience for borrowers and brokers to get a loan.”
Most recently, Mr. Sellers was CTO at Kumu Wellness, a product that allows clients to receive personal, affordable, mobile Wellness Coaching. Previously Mr. Sellers was CTO and Co-founder at Redline.cc, a visual bug tracker that was acquired by Usersnap, and CTO of GOOD Worldwide, where he was recruited to build a product and technology organization and transition GOOD’s technology from publishing a media-based magazine to supporting an online social network with millions of users dedicated to advancing social causes. In previous roles prior to GOOD, Mr. Sellers built a wealth of experience developing teams that thrive in high-growth, start-up environments.
“AssetAvenue has quickly distinguished itself as an alternative solution to traditional banking, with its technology-enabled lending platform and innovative loan products and services such as pre-qualified automated pricing and an instant rate table offered to qualified borrowers,” added Douglas Sellers. “The company is leveraging technology to improve upon a traditionally slow lending process, which fits perfectly with my expertise and passion for using technology to tackle existing business problems while creating new business opportunities.”
Mr. Sellers earned his Bachelor of Science degree in computer engineering from Virginia Polytechnic Institute & State University in Blacksburg, VA.
AssetAvenue is the leading online lender for real estate investment properties. By combining powerful analytics with break-through technology, AssetAvenue is rethinking the way real estate loans are sourced, underwritten, and funded. The company is injecting technology into every aspect of the lending process to give property owners and brokers what they want – a better experience that values speed, transparency and certainty. As a premium non-bank lender, AssetAvenue offers institutional capital at the most competitive rates and flexible terms possible and provides accredited and institutional investors exclusive access to its pre-vetted portfolio of diverse real estate lending opportunities. The company is a proud partner of the National Association of REALTORS® through its REach program to offer its loan solutions to brokers and agents seeking financing for their clients’ real estate deals. Learn more about investing and borrowing at www.assetavenue.com.