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Raunaq Singh

CEO and Founder at Roam
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Raunaq is the Founder and CEO of Roam, the platform for purchasing a home with an assumable, low-rate mortgage included. Prior to founding Roam, Raunaq spent a decade in various product and operations roles across Uber, Opendoor and Culdesac. He received a Bachelor's degree in Political Economy from NYU and currently resides in New York City.

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  • Traditionally, mortgage servicers have not focused on assumptions due to the historical lack of assumption volume. However, we have found that assumption demand is growing significantly and volume was up by 50% in 2023. We expect volume to grow 10 times this year. As servicers look to meet this rapidly growing demand, they can tap into ancillary revenue streams through mortgage assumptions beyond the origination fee. With assumptions, new revenue streams can open up for servicers. They can continue to benefit from the mortgage servicing rights instead of having it paid off. They can also earn an origination fee on the buyer’s second lien or on the existing seller’s new mortgage.

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