Donna Burge has been named executive vice president of operations at DeepGreen Financial, a Cleveland-based online home equity lender.Ms. Burge was most recently chief operating officer of Key Mortgage Services Inc., Des Plaines, Ill. She was previously a principal of Managements' Solutions LLC, which she formed after spending 10 years at PNC Mortgage, DeepGreen said. The company can be found on the Web at http://www.deepgreenfinancial.com.
The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
The latest postponement comes after a UWM filing states that Two Harbors shareholders are rejecting the deal, with 54% voting no as of June 12.
Freedom alleged the executive, who was at the company for nine months, used proprietary data to build his own product he expected to net more than $1 million.
Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
The Senate passed a bipartisan housing package, which includes certain community bank provisions, in an 85-5 vote. The House is set to vote on the package Wednesday.
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
