Our Story

In 2009, our founder John Le, relocated to Vietnam to establish an International Credit Bureau venture with Transunion. In the process, John had to find permanent housing to establish as a base of operation for what was to become the next 3 years of his entrepreneurial endeavor in that country. After days of scouring online real estate websites and scheduling a few tours, he settled upon a great apartment with awesome city views!

Two days from signing the lease agreement his friends in Vietnam reached out to him. One friend (Danny) discovered that John was leasing an apartment in the same exact building where his friend Linh happened to have a rental. Neither knew of each other directly. Danny connected Linh and John. Linh offered John a great deal because of the mutual acquaintance. Unfortunately, out of professional courtesy for his broker, John decided to sign the lease.

After going through that process John realized what had just transpired could’ve had a much better outcome and asked himself – why not enable friends to broadcast and share their property listing to their social graph and allow mutual friends to promote? That question led to the development of Propzy.

What are we discovering here at Propzy? Seven degrees of separation used to be the adage, but with the ubiquity of social networks buyers and renters are only less than 4 mutual friends away!

Propzy Team

  • David Lereah
    Advisor

    President, Reecon Advisors, a financial services advisory company Managing Partner, SMH Tranche 2 LLC, a real estate acquisition company
    Previous experience:
    EVP, Move Inc (Realtor.com) Chief Economist & SVP, National Association of Realtors Chief Economist & SVP, Mortgage Bankers Association Written three books on real estate and the U.S. economy, published by Random House/Doubleday Appeared in most major media (CNN, CNBC, WSJ, NY Times, Today Show) for real estate commentary Testified before Congressional Committees on US economy and real estate markets and lectured on the US real estate markets across the globe

  • Donald Henig
    President

    Don has been an executive in the financial services sector for over 30 years including president of third party lending @ AHM, a publicly traded REIT on the NYSE. He is the founder of an entertainment company that has 8 major motion films and the current Broadway hit, Rock of Ages to its credit. Don was a founding Board member of MERS – the mortgage industry platform containing registry info on every mortgage originated in the US. He founded a successful foreclosure fund and various Internet start-ups. He is an active investor and community leader in the New York area.

  • John Le
    CEO

    Cofounded Vietnam’s first international credit information bureau in 2010 with TransUnion Corporation. In 2002, started and successfully self-funded Portellus into what eventually became a US$25M annual revenue business in less than 5 years and sold to Fiserv (Nasdaq: FISV) in 2007. Founded LoanTrader Inc., a $28M venture-backed mortgage marketplace processing in excess of $10 billion dollars in annual loan volume. The company was ultimately sold to Metavante (NYSE: MV).

  • Tom Nguyen
    Sales Operations

    Tom is head of US business operations and marketing for Propzy. He also serves as president of Integrity Escrow, Propzy’s affiliate closing services company. He was trained by First American Title in Santa Ana, California, where he was employed as the VP, managing their California escrow operations, supervising 70 employees before forming Integrity Escrow, Inc., UCA Escrow Inc, Carrington Real Estate, Inc., Tom has 22 years of escrow and Real Estate experience and is licensed by the Department of Corporations as a certified Escrow Agent and is also a licensed real estate broker with the California Department of Real Estate.