Fathom Holdings Inc.

09/19/2024 | Press release | Distributed by Public on 09/19/2024 06:24

Celebrating Marco Fregenal: A HousingWire 2024 Vanguard Award Winner

At Fathom Holdings, we are thrilled to announce that our CEO, Marco Fregenal, has been named one of the 2024 HousingWire Vanguard award winners. This prestigious honor highlights Marco's exceptional leadership and transformative influence within the real estate industry. The Vanguards Award, now in its 10th year, recognizes the most influential leaders in the housing economy. This year, 100 distinguished executives were selected for their remarkable contributions to their organizations and the industry at large, and Marco's recognition speaks volumes about his visionary leadership.

A Trailblazer in the Housing Economy

As HousingWire Editor-in-Chief Sarah Wheeler stated, "The 2024 HousingWire Vanguards represent the pinnacle of leadership in our industry, driving transformative growth within their organizations and setting new standards for excellence." Marco Fregenal's leadership is a prime example of this statement, as he has consistently guided Fathom Holdings toward new heights of success. With his innovative spirit and resilience, Marco has overcome the challenges presented by a dynamic housing market, steering the company with a steady hand and a clear vision for the future.

HousingWire CEO Clayton Collins emphasized the significance of this award, saying, "The HousingWire Vanguards award recognizes the most outstanding executive leaders in mortgage and real estate-executives who make a real impact by driving innovation, setting strategic direction, and steering their organizations toward monumental achievements." Marco has certainly made a profound impact, not only on Fathom Holdings but on the broader real estate landscape.

Driving Fathom's Remarkable Growth

Under Marco's leadership, Fathom Holdings has become one of the top 10 largest real estate brokerage firms in the United States, ranked by closed transaction sides. This extraordinary achievement has been fueled by Marco's strategic foresight and his ability to integrate multiple aspects of real estate, from brokerage and mortgage to title and data services, all through Fathom's proprietary cloud-based platform.

Over the past year, Fathom Realty secured its position as the ninth-largest real estate brokerage firm in the U.S., a testament to Marco's dedication and strategic planning. His efforts to enhance operational efficiencies have yielded impressive results, including a significant increase in gross margin to 10.3% during the first quarter of 2024. This improvement has paved the way for positive EBITDA and operational cash flow, positioning Fathom for continued growth and stability.

Marco's leadership extends beyond financial performance. His successful execution of mergers, acquisitions, and brand expansions across Fathom's realty, mortgage, title, and technology segments has fortified the company's financial foundation. These initiatives have equipped Fathom with the resources necessary to confidently navigate the challenges of an ever-evolving housing economy.

A Growing Network of Agents

One of the most remarkable aspects of Marco's leadership is the steady expansion of Fathom's real estate agent network. As of March 2024, the company's agent licenses grew by 12.8% year-over-year, reaching approximately 12,000 agents. This growth reflects Marco's ability to create a compelling value proposition for high-quality agents and teams, which has attracted top talent from across the industry.

Fathom's reach now extends across 42 states and the District of Columbia, solidifying its presence as a national leader in real estate. This expansion enhances the company's market position and highlights Marco's strategic vision and his ability to execute that vision effectively.

A Leader with a Heart

In addition to his business acumen, Marco is deeply committed to creating a positive and supportive environment for his team. When asked about the best advice he's ever received, Marco said, "Always be honest with employees and have their best interests at heart. Transparency and genuine care for your team's well-being create a foundation of trust and loyalty." This philosophy has been instrumental in fostering a culture of collaboration and trust at Fathom Holdings, where employees and agents alike are encouraged to grow and thrive.

Looking Toward the Future

Marco Fregenal's leadership has positioned Fathom Holdings for sustained success in an increasingly competitive and complex real estate market. His financial expertise, strategic foresight, and unwavering commitment to the company's mission have driven Fathom to achieve significant milestones while laying the groundwork for future growth. As we look ahead, we are confident that Marco's visionary leadership will continue to propel Fathom forward, creating long-term value for our agents, employees, and stakeholders.

Choose Excellence with Fathom Realty

Are you ready to embrace the future of real estate? At Fathom Realty, we offer more than just a place to hang your license. We provide advanced technology, exceptional training, and dedicated local support to help you succeed. Our agents thrive in a community that values service, culture, and excellence.

With Fathom's industry-leading commission plans, Fathom Max, and Fathom Share, you can choose the best path for your business. Both plans include a robust revenue share component, allowing you to earn more while doing what you love. Isn't it time to get more from your broker? Let's talk about your future at Fathom Realty!