Full-Time
Sourcing Lead
Posted on 2/26/2026
Opendoor
1,001-5,000 employees
Technology-driven real estate transactions platform
Compensation Overview
$75k - $103.4k/yr
Phoenix, AZ, USA
Hybrid
Hybrid role requires 4 days on-site per week.
 Operations & Logistics (1) |
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- Detailed knowledge of sourcing methodologies and negotiation strategies, with proven experience in delivering competitive bids and direct negotiations to achieve cost-savings and commercial value
- Demonstrable experience in supply market analysis, category management analytics to identify trends and opportunities
- Multi-indirect category experience is preferred, with an emphasis on technology and professional services
- Experience in supporting Procurement processes across sourcing and Purchase-to-Pay (P2P) systems such as Ramp, Coupa, Zip
- Strong understanding and intellectual curiosity for Procurement, Sourcing and Category Management
- 4-6 years procurement/sourcing experience
- Proven track record leading Requests for Proposals and achieving measurable savings
- Experience with indirect spend categories
- Strong analytical and Excel/Google Sheets skills
- Excellent communication and stakeholder management
- Bachelor's degree in Business, Supply Chain, or related field
- Experience with procurement systems such as Coupa, Zip
- Support Indirect Category Leads and Head of Procurement in development of indirect category strategies
- Conduct spend analysis to identify market intelligence, trends and opportunities within categories
- Support policy drafting and execution for indirect categories to manage consumption of resources and associated cost
- Establish collaborative relationships with key vendors and internal stakeholders. Be a champion for Procurement across Opendoor. Train and mentor a broad range of stakeholders and lead efforts to elevate general Procurement IQ across Opendoor
- Lead your own competitive sourcing events (RFx’s) and direct negotiations, delivering robust supplier evaluation and commercially beneficial terms
- Support on execution of large $ RFPs and direct negotiations with suppliers
- Conduct negotiation of contractual commercial terms and coordinate reviews with legal where appropriate
- Manage day-to-day procurement related activities and requests
- Support in scoring and segmentation of Opendoor indirect supply-base
- Facilitate QBRs with Tier 1 vendors to ensure maximum value is being derived from these relationships
Opendoor is a technology-driven real estate company that focuses on simplifying the process of buying and selling homes in the U.S. For sellers, it offers cash offers generated by proprietary algorithms and market data; if a seller accepts, Opendoor buys the home directly, allowing a quick, hassle-free sale without listing or negotiating. For buyers, it provides a user-friendly platform to browse homes, schedule self-guided tours, make offers, and complete purchases online, with the option to use their own agent. The company differentiates itself through data-powered valuation, direct purchase offers, and an integrated online-to-offline experience that makes transactions faster and less stressful. Its goal is to streamline real estate transactions—making it easier, faster, and more transparent for both buyers and sellers while expanding its market reach across the United States.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
San Francisco, California
Founded
2014
Simplify's Take
What believers are saying
- Q1 2026 revenue reached $720 million, with contribution margins improving to 4.4%.
- Inventory older than 120 days fell from 51% to 10%, boosting resale velocity.
- Checkout now spans 40 states, and Doma closing assets should reduce costs.
What critics are saying
- Q1 2026 revenue still fell 37.6%, showing shrinking demand and fragile growth.
- Housing price declines or slower turns instantly revalue inventory and crush margins.
- AI underwriting mistakes can overpay for homes, turning leverage into a liquidity crisis.
What makes Opendoor unique
- Opendoor pioneered instant cash offers, closing homes in as few as 14 days.
- It combines acquisition, title, escrow, repairs, and resale in one workflow.
- Its pricing engine uses proprietary housing data from millions of inspections and transactions.
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Your Connections
People at Opendoor who can refer or advise you
Benefits
Happier workdays - Add a little fun to your workday with Pendo board game night, team karaoke, ping pong, or enjoy a local brew on our rooftop deck.
Health and wellness benefits - Generous health and wellness plans designed to meet the needs of you and your family, including medical, dental, and vision benefits.
Paid parental leave - Up to 16 weeks of paid parental leave, and a flexible schedule upon your return to help you make the most of those special moments.
Learning and development - In-house management development classes, guest speaker lunch and learns, and select conferences help keep talent sharp.
Flexible work hours and PTO - Enjoy the benefits of a flexible time off policy, flexible work hours, and paid parental leave.
Global offices - Work across the globe in the cities that we love like Raleigh, San Francisco, New York, Herzliya, Tokyo, London and Sheffield.
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↑ 0%Opendoor Technologies (NASDAQ:OPEN) has experienced extreme volatility since Jim Cramer called it a meme stock on 2nd April. The real estate marketplace technology company's shares surged 816% between Cramer's comments and 11th September, when the stock jumped 79% following the CEO's removal under hedge fund pressure. Former Spotify executive Kaz Nejatian was appointed as replacement. Since Cramer's initial warning, shares are down 48%. Year-to-date, the stock has fallen 29%, despite being up 335% over the past year. On 6th November, Opendoor closed 9.3% lower after reporting third-quarter results showing a $0.08 adjusted loss per share, missing analyst expectations of a $0.07 loss. Cramer had warned investors to exit the stock, stating they didn't "want to be in a meme stock.
Opendoor Technologies is expanding its platform to simplify home buying and drive transaction volumes. The company has launched Opendoor Checkout in 40 states, integrating mortgage preapproval, free cancellation, early move-in options and warranties into one platform. Opendoor is developing its own mortgage offering to reduce reliance on third-party providers and improve conversion rates. For sellers, the company introduced a Cash Plus guarantee allowing transaction reversals for a small restocking fee. In Q4 2025, Opendoor reported improvements in resale velocity and buyer experience. By combining buying, selling and financing services, the company aims to increase transaction volumes whilst improving efficiency. Opendoor faces competition from Zillow Group, which influences digital real estate through its Premier Agent network, and Offerpad Solutions, which operates with a localised iBuying strategy focused on pricing spreads and operational control.
Opendoor is acquiring Doma's closing and escrow business to reduce mortgage refinancing costs, the companies told CNBC exclusively. Doma uses machine learning and AI to automate title searches and real estate closings. Terms were not disclosed. Since 2024, Doma's technology has been used in a Fannie Mae pilot programme that eliminates lender's title insurance requirements for about 80% of eligible low-risk refinance transactions. The programme was recently extended through 2027. However, closing costs beyond title insurance remain largely manual and expensive. Opendoor's technology can handle closings more efficiently and at lower prices than industry averages. Following the acquisition, 85 Doma employees will join Opendoor. The deal aims to save borrowers around $1,100 per refinance whilst maintaining zero defects.
Opendoor acquires doma's closing and escrow business in bid to lower mortgage refinance costs - CNBC.
Opendoor Technologies is revamping its product offering to expand its addressable market whilst reducing risk exposure. The company has shifted from a fixed model to a flexible structure where sellers choose upfront cash amounts with adjusted fees accordingly. The company introduced Cash Plus, a capital-light option allowing sellers to retain more price exposure whilst Opendoor earns fees with lower capital risk. Geographic coverage now extends to nearly all US homeowners, significantly expanding the potential customer pool. A new self-assessment tool enables sellers to submit property details without in-person visits, improving efficiency and volume capacity. Fourth-quarter 2025 results showed stronger demand trends with increased acquisition activity and improved resale velocity. Opendoor faces competition from Zillow Group, which influences digital real estate through its Premier Agent network, and Offerpad Solutions, which operates with a localised strategy focused on pricing spreads and operational control.