Bob Jakubowicz has been named executive director of retail sales at Oak Street Mortgage LLC, Carmel, Ind., replacing company president Glenn Brunker in that role.Mr. Jakubowicz was most recently senior director of retail sales with Oak Street. The company said he "has a track record of building high-growth sales organizations" with several large financial institutions, such as Bank One, Household International, and First National Bank of Chicago. Oak Street can be found online at http://www.oakstreetmortgage.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.
June 22 -
Ralo uses artificial intelligence to automate the entire process, saving consumers money by cutting out commissioned loan officers, processors and underwriters.
June 22







