Durham-based company helps borrowers by fighting mortgage loan discrimination
TAMPA, Fla., January 2021 — Home Lending Pal (HLP), Co-Founded by CEO Bryan Young and COO Steven Better, announce Mark Weintraub, Former Chief Operational Risk Officer for Wells Fargo to their growing Board of Advisors. Weintraub was brought on board in December 2020 to help HLP navigate the risk, compliance, and regulatory aspects of the industry, as HLP evolves to reach its goal of advocating for consumer affordability and avoid predatory lending and redlining, and to safeguard the platform from falling victim to “mortgage steering.”
When someone uses HLP, their lenders lead with transparency. Unlike common online lending tools, HLP’s customers won’t be bombarded with sales calls or unwanted offers. When a site visitor puts their personal information into the portal, they are only going to see options catered to their needs.
“I am honored to join the Home Lending Pal advisory board. I share in Bryan and Steven’s passion for improving financial inclusion by harnessing the power of AI and machine learning to better inform consumers about their home purchase and financing options. I look forward to working with the HLP team to put more people on the path to affordable home ownership,” said Weintraub.
“Having someone like Mark join our board very early in the process gives me the utmost confidence that we are keeping industry regulation, risk, and compliance in mind as we build the first entirely digital mortgage purchase process on an ethereum based blockchain network in the US.. Our goal is to advocate for consumers to help them avoid predatory lending and even redlining in the journey to becoming a homeowner. His experience, network, and passion are invaluable to our start-up with such a borrower-centric approach. Multiple industry experts have said that trust is now placed in companies that prioritize a borrower-first digital experience, invest in product innovation, and lead with transparency,” said Bryan Young, HLP’s Co-Founder & CEO.
About Home Lending Pal:
HLP is an anonymous marketplace that uses chatbots, machine learning, and blockchain to help first time home buyers through the home research and buying process. HLP stays involved to help banks, credit unions, and non-bank lenders automate and digitize the process for better consumer transparency. The borrower-centric approach transforms home, buying into a pleasant user experience. www.homelendingpal.com
For Media Contact:
Cesar R. Hernandez
Founder + Managing Director
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