When Jeremy Foster founded Calque in 2021, he set out to reimagine how homes were bought and sold, recognizing a cumbersome system that was ripe for disruption and innovation. Foster created the Trade-In Mortgage, which enables a homeowner to buy a new home before selling their current home, leveraging their existing equity to make a competitive, non-contingent offer, and then move out and prep their existing home for sale. As founder and chairman of Calque, Foster oversees the execution of the company’s vision to make homeownership more affordable by developing new and innovative products and bringing new investors into the fold.
Foster is an adamant proponent of transparency. He believes that homebuyers should be presented with all the facts upfront so they can make the best decision for their situation. Foster’s colleagues describe him as no-nonsense and as someone who is always determined to do right by everyone. He values an honest and straightforward process that absorbs feedback and adjusts accordingly.
Foster developed a product that embraces inclusivity by enabling homebuyers who might be in a marginalized group compete like they are in a wealthier class because they can use the Trade-In Mortgage to access their equity to facilitate a new home purchase. This prevents them from potentially losing money in the sell transaction, enabling them to bid in a way that wealthier people are able to do. It is the idea that Trade-In Mortgage can help less wealthy homebuyers that drives Foster as he works to propel Calque further into the trailblazing company that it is.
Name:
Jeremy Foster
Title:
Founder & Chairman
Company Name:
Calque
