Max Harris has been named executive vice president of NextAce Corp., a privately held technology company based in Tustin, Calif., that serves title insurance companies and mortgage lenders.Mr. Harris was recently president of REIData, a subsidiary of Stewart Information Services Corp. Before that, he was president of NationsData, a subsidiary of Tyler Technologies in Dallas, and vice president of TRW-REDI, now known as Data Trace, according to NextAce. The company can be found on the Web at http://www.nextace.com.
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Affected team members were offered severance, and some have received opportunities to remain with the company, a Pennymac spokesperson said.
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Cybersecurity platforms said infiltrators gained access to terabytes of data with a wealth of personal information, but the lender disputed reported numbers.
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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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