Solutionstar, a wholly owned subsidiary of Nationstar Mortgage (NSM), announced that it named Kal Raman as the company’s new chief executive officer. Raman brings more 20 years of experience to Solutionstar, having spent time in leadership positions with Groupon, eBay, Amazon and others.
As CEO of Solutionstar, Raman will oversee all activities at the company, including integrating Real Estate Digital, a real estate data aggregation company Solutionstar acquired this past May, into the company’s existing services.
Raman will also focus on assembling other technology innovators and leaders to advance the Solutionstar’s broader effort to deliver comprehensive, end-to-end online services for homebuyers, home sellers and real estate professionals.
“Kal has a long record of success leveraging technology and innovation to deliver a high-quality customer experience, and we’re thrilled that his expertise will now help Solutionstar bring that kind of innovation to the real estate industry,” said Nationstar Chief Executive Officer Jay Bray.
“Kal’s appointment is a natural next step in Solutionstar’s growth, and his proven technology, e-commerce and operational experience will be a critical asset to the Solutionstar team as it capitalizes on these opportunities and continues its growth as a national leader in real estate technology.”
Raman joins Solutionstar from Groupon, where he was CEO of the company’s Asia Pacific region. Prior to that, he was Groupon’s chief operating officer.
Prior to his time at Groupon, Raman served as vice president of global fulfillment at eBay. Before that Raman served as CEO of GlobalScholar, a leader in enterprise software to K-12 public schools.
Raman has also served as senior vice president at Amazon, where he led the company’s retail technology and marketing units and was responsible for driving the company’s global non-media business for retailers and sellers. Raman is also the former CEO of drugstore.com.
Raman will be based in Seattle, where Solutionstar will establish a new office.
“For many Americans, buying or selling a home is the biggest financial decision they will make, and Solutionstar is using its technological expertise to make that process more transparent, convenient and affordable for real estate professionals and consumers alike,” Raman said.
"Acquiring RED was an important step toward elevating Solutionstar as the nation’s leading real estate innovator, and I’m energized by the opportunity this creates to develop Solutionstar into a true technology company,” Raman added.
“Solutionstar is making a significant, sustained investment in innovation to make real estate services simpler and more accessible. In the coming weeks and months, we look forward to unveiling new technology products and services to better connect consumers and real estate professionals – and, ultimately, to deliver a truly integrated, comprehensive online real estate solution.”
