virginir.com - Construction Technology Startup Mosaic Hires Real Estate Veteran as First CFO

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PHOENIX - Virginir -- Mosaic, a venture-backed construction technology company, announced today the hiring of Mervin Singson as their first-ever Chief Financial Officer (CFO). Singson brings over 20 years of finance and operations experience with both public and private homebuilders.

As CFO of Mosaic, he will play a key role in ensuring that the Arizona-based company effectively executes against its current $350mm construction project pipeline, and expands the company's operations regionally.

"Mosaic's construction technology uniquely supports and enhances the homebuilding industry," said Mervin Singson. "With an impressive team, innovative product and business model, and strong financial backing, we're poised for unprecedented growth throughout the construction industry. I'm excited to bring my experience to the table and be a part of Mosaic's story."

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Mosaic provides construction and related services to homebuilders, permitting homebuilders to offload their construction management needs to Mosaic's integrated technology platform. Builders can use Mosaic as their general contractor instead of maintaining an in-house operation and avoid the hassles of construction. This gives them the ability to focus on land acquisitions, sales and marketing, and architecture.

Mosaic's technology is a tightly integrated construction management software platform called MosaicOS that manages the disparate sources of data and bespoke workflows involved in homebuilding; in other words, the fundamental chaos of high volume homebuilding.

Their process converts standard construction drawings into digital twin models that can be used to optimize field work, then uses algorithms to automatically translate the models into site-specific instructions for workers, control files for automation, and data for quality control and reporting. The platform also optimizes scheduling, accounting, supervising, redlining workflows to improve construction throughput with minimal required changes to construction drawings, engineering drawings, city approvals, or construction materials.

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"We're lucky to have Mervin's strong financial acumen and homebuilding experience to support Mosaic's significant growth," said Mosaic CEO Salman Ahmad. "He will play a critical role in our geographic expansion into a number of homebuilding markets that are seeing large population growth and need more housing ASAP."

Prior to joining Mosaic, Singson was the CFO of B2R Partners, a joint venture between TPG Capital, Toll Brothers and BB Living Management that focuses on build-to-rent homes. He was formerly the VP of Corporate Finance at AV Homes. A licensed CPA, Singson earned a Bachelor's Degree in Business Administration from the University of Michigan Stephen M. Ross School of Business.

Learn more about how Mosaic is building better at www.mosaic.us.