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Also, Gateless promotes its own to chief technology officer, Panorama Mortgage Group announces new brand, Lower appoints its first CFO and more.

Founder and largest shareholder Anthony Hsieh will now direct strategy as executive chairman.

If each employee who received this deal accepts it, the company’s headcount will be reduced by about 2,080.

Allowing VantageScore to compete in the mainstream mortgage market may help to close the racial homeownership and financial wealth gap by increasing homeownership opportunities for underserved populations, writes the president and CEO of HomeFree-USA.

Originations in this business have slipped over the past four quarters and now make up less volume than what the bank brings in from consumer direct.

The bank asked to move the discrimination case from a Black magistrate to a supervising White district judge, which attorneys for plaintiffs said was an attempt to ‘redline the federal court.’

The moves are the latest executive changes at the company since Chris Marshall moved up to president.

Also, AI-platform Gateless names industry veteran as its first president, new CDFI and non-QM lender Champions Funding begins operations and Farmer Mac welcomes back board chair.

The municipality and the bank have been at odds over similar issues in the past, and no agency currently has deposit accounts with the lender.

Former Wells Fargo executive Michael Heid is the new chairperson, while David Benson, currently president, also becomes interim chief executive.