Andrew Wang | Source | CEO/Co-Founder at Valon
Andrew Wang
Andrew is the jack of all trades at Valon Mortgage. Before starting Valon Mortgage, Andrew was a principal at Soros Fund Management focused on private credit, but he also likes to point to his brief stint as an engineering intern at Google for coding street cred.
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Valon
CEO/Co-Founder
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Valon Raises $50 Million Series A Funding, Led by Andreessen Horowitz, and Uses Technology to Challenge the Traditional Residential Mortgage Servicing Industry’s Status Quo
Valon Raises $50 Million Series A Funding, led by a16z, Technology Challenges the Traditional Residential Mortgage Servicing Industry’s Status Quo
Article
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We’re on the cusp of a mortgage foreclosure crisis comparable to 2008, and the majority of homeowners struggling to make their loan payments are unaware of their options. Currently, the largest mortgage servicing software controls more than half of all U.S. residential loans, effectively creating a monopoly in the market. This stranglehold has driven servicing costs up nearly 250% in the past decade, and the fees are passed on directly to the borrower. We created Valon as a challenger brand to address the extreme need for an updated, technology-enabled alternative to keep the borrower better informed.
