Our First Patch IT Post

Welcome to the Patch IT blog! At Patch, we’re a diverse group of real estate, finance and technology professionals. When my co-founders and I started the company, we had this vision of a tech-enabled investment platform secured by hard assets(real estate). That vision holds true today and as such, a tremendous amount importance is placed in the fundamental idea that technology is why we’re a force to be reckoned with among all the big, powerful real estate and investment firms. We’ve had a couple years of sustained success in the application of beautiful software onto our offering and now its time to start showing that to the world!

 

 What We’ll Cover

  • Software engineering in an amazing growth company – We’re still a startup culture and very proud of that. However, lets be real, we’ve now processed over $50 million dollars through our platform. If you’ve seen our statistics page lately, you’ll see how fast we grew in that volume. We’ll cover how we handled that and our continuing efforts with continued crazy growth.
  • The technologies we use and love – One for the engineers, l33tspeakers, technical architects, and generally curious people. We’ve adopted, contributed to, and built our own libraries and beyond. We’ll explain some of the cool things we use every day to move fast and build serious products without paying a fortune.
  • Research and the bleeding edge – We give our staff an immense amount of autonomy and regularly run sprints of work where we’re researching new ways to do things. That involves the development of algorithms that accurately predict the days on market of a subject property, iterate over dozens of scenarios concurrently to find the best pricing levers for our Borrowers, and even things like predict the region-specific after-rehab values of individual pieces of hardware on a contractor’s quote. We also like to try out new software that’s still in beta and see how we can leverage what the world is building inside our company. We’ll let you inside our discoveries.
  • Data science, smart models & machine learning – A lot of our value comes from our ability to underwrite extremely fast without sacrificing the quality of that underwriting. To do that, we’ve developed true self-learning pricing and risk models, automated trend-analysis and prediction systems, connections with dozens of blue-chip data providers and leveraged machine learning. All this is to identify the best deals out there for our Investors and help our Borrowers close hugely profitable opportunities ridiculously fast and easily.
  • Miscellaneous things we think are important – Behind the scenes takes on the industry, security, working in a tech company, etc.

Who’s Writing

You’ll see a few posts authored by myself, Brian Fritton, CTO and co-founder of Patch of Land. I’ll be sticking to some larger announcements, commentary and explaining some strategic moves. My incredibly talented team and a select few of our Partners are the people that make all this happen though, and so the best to write most of our content. They’re down in the trenches and coming up with what many would call valuable intellectual property. I call what they develop feats of brainy strength, causes of hyperventilation due to excitement,  or there’s always “magic”.

Each of our engineers or partners will write their own introductions in their first post. We plan to keep it pretty deep, technically so please expect some l3375p34k, references to Star Trek, etc. in addition to code samples and granular explanations.

We’ll be keeping comments open so please participate in the conversation. We’re a pretty open book so if you want to know about something here on the blog, let us know in the comments. I’ll make sure to better introduce myself in an upcoming post on our team, until then, enjoy!

P.S. You’ll want to subscribe especially if you’re in the industry – we’ll be releasing some powerful open source libraries from time to time.

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