InspectHOA is on a mission to give the real estate industry a tech makeover by tapping into the power of large language models and vast datasets. Today, real estate transactions are plagued by manual workflows that create needless delays and errors, costing the industry billions. In fact, according to industry data, a staggering 17% of real estate transactions are delayed, leading to high costs and inconvenience for all parties involved.
InspectHOA’s Copilot platform enables mortgage companies, title companies, and real estate investors to automate some of their most manual and arduous workflows. By incorporating cutting-edge LLM-based automated agents, we have successfully replaced manual workflows that were previously impossible to automate using traditional methods. This revolutionary approach opens up a massive opportunity to modernize the industry, fast-track transactions, and boost efficiency.
Vishrut Malhotra, CEO and Co-Founder
Vishrut Malhotra leads InspectHOA with a background deeply rooted in financial risk management and portfolio allocation. Educated at the Indian Institute of Management, Ahmedabad, where he earned his MBA, he later acquired CFA and FRM charters. Vishrut honed his skills as a Vice President at AQR Capital Management, overseeing portfolio management in the global asset allocation division for six years. His prior experience also includes a stint at BlackRock and an early career as a Senior Software Engineer at TVWorks, part of Comcast Corporation.
Anton Tonev, Co-Founder
Anton Tonev, who co-founded InspectHOA, brings a blend of quantitative financial engineering and operational experience to the table. Holding an MEng in Financial Engineering from Cornell University, and a Bachelor's in Mathematics and Economics from the American University in Bulgaria, he later earned his Chartered Financial Analyst (CFA) charter. Anton spent nearly five years as Vice President at AQR Capital Management, a tenure that included roles in research and portfolio management. Before that, he served as an Analyst at Morgan Stanley on their Credit Trading Desk in New York.
Atin Hindocha, Co-Founder
Atin Hindocha comes with a strong background in strategy and product management, primarily in the technology sector. He spent nearly nine years as Manager of Corporate Strategy at NetApp, focusing on long-term growth initiatives. Atin holds a Master's degree in Strategy & Technology from the University of Washington and completed a Product Management course at the University of California, Berkeley. His earlier work includes roles at BlackBerry and Bajaj Hindusthan Limited.
Bistra Atanassova, CFO
Located in Sofia, Bulgaria, Bistra Atanassova oversees the financial operations of InspectHOA. She is an Oxford graduate with a First Class degree in Mathematics and Statistics and is also a CFA charterholder. Her professional trajectory took her from Analyst roles to Vice President positions at Barclays Investment Bank, where she managed various international teams and strategic projects. Before joining InspectHOA, she was CFO at FantasticStay, a property management platform, where she was responsible for financial strategy in a high-growth environment.
Vishrut Malhotra and Anton Tonev share a past connection at AQR Capital Management. Vishrut focused on global asset allocation, while Anton's roles included research and portfolio management. This shared experience in asset management and portfolio strategy lends them a unique advantage in managing InspectHOA’s financial assets and risk profiles. Anton's financial engineering background complements Vishrut's risk management expertise, setting a strong foundation for InspectHOA to navigate the complexities of homeowners' association financials. Atin Hindocha's technology focus integrates well with this financial acumen, providing a balanced skill set crucial for InspectHOA's mission. Bistra Atanassova, with her international banking experience, adds another layer of financial sophistication, ensuring that InspectHOA is well-positioned for growth and risk mitigation.
Backed by Accel-KKR, offers Title and Investors a range of services comparable to InspectHOA. However, while InspectHOA harnesses technology and AI for streamlining real estate (RE) workflows, Proplogix depends on their analyst teams. The use of AI allows InspectHOA to execute real estate workflows more efficiently, cost-effectively, and with reduced errors.
Operating exclusively in Colorado, presents services closely mirroring those of InspectHOA. Similar to Proplogix, they lean on their team of analysts to manage real estate (RE) processes. In contrast, InspectHOA integrates AI and comprehensive datasets, not just to manage workflows, but to also enhance accuracy, boost efficiency, and offer a tech-forward approach that's adaptive to the changing landscape of real estate. This digital edge gives InspectHOA a distinctive advantage in the market.
News & Events
InspectHOA and Velma have partnered to introduce an automated HOA document collection system, aimed at serving mortgage lenders. The announcement was made on April 3, 2023. (Source: AiThority)
InspectHOA raised $3.1 million in seed funding. This was reported on March 3, 2022, by FinSMEs and was also covered on March 2, 2022, by Inman News
California Startups Initiative
About a year after the tragic Surfside condo collapse, two California startups, including presumably InspectHOA, are working to create Carfax-like reports for homeowners associations. These tools are designed to help potential buyers and current owners evaluate the reliability of homeowners associations. This development was reported on June 23, 2022, by The Mercury News.
Inspect HOA raised a 3.1 million dollar seed round led by SVQUAD on March 3, 2022. Inventus Capital Partners, Dheeraj Pandey, Rahul Chaudhary, Tushar Garg, Elvin Guri, Kanav Hasija, Karan Kumar, Oktay Kurbanov, Nitin Malhotra, Hristo Manov, and Plamen Monovski also participated in the round. They also raised 2.8 million in a pre-seed round from Tunitas VC, Ayana capital and other investors.