Matthew Connelly has been named executive vice president of corporate strategy at GoApply Inc., a mortgage and financial services organization based in Aliso Viejo, Calif.Mr. Connelly will focus on developing new technologies and electronic business applications to help streamline the application and decision-making processes for consumers seeking to improve their financial health, the company said. He is also charged with building the network of accredited business partners who help service GoApply's consumer base. Mr. Connelly was most recently senior vice president of Home Loan Center in Irvine, Calif. GoApply can be found online at http://www.goapply.com.
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The change aims to address hurdles in the onboarding process, which many have cited as a point of friction in mortgage servicing.
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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.
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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.
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Despite high rates and the "locked-in" effect, many Gen Z and millennial homeowners want to bring down their monthly mortgage payments
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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.
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Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
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