Opendoor sued for trademark infringement over its mortgage brokerage

Open Mortgage operates 79 branches in 22 states and offered $668 million in home loans in 2017, according to a complaint the lender filed with the United States District Court for the Eastern District of Texas. It was founded in 2003, is headquartered in Austin and has 315 employees, according to its website. 

Opendoor’s ‘ultimate mortgage’ offers 1% off purchase

To compete on price with real estate agents, high-tech investors known as “iBuyers” will need to figure out ways to sell their homes very fast and for top dollar. Leading iBuyer Opendoor, which makes quick offers on homes and can close in days, has tak…