Mr. Cooper announced senior leadership enhancements designed to expand the company’s AI and digital-first strategies. Sridhar Sharma has been promoted to Executive Vice President and Chief Innovation and Digital Officer. He has been with Mr. Cooper for more than a decade as its Chief Information Officer and developed Pyro AI, the company’s patented AI and…
Guild Mortgage and Optimal Blue both announced new AI technology targeting different pain points for lenders, reflecting the different ways artificial intelligence. Guild launched GuildGPT, an AI system built in-house and customized for Guild employees. The AI assistant is built into Guild’s knowledge database, allowing it to offer customized information about the company’s products and…
Former ICE Mortgage exec Joe Tyrrell has been named CEO of Optimal Blue. Tyrrell brings more than two decades of mortgage, finance, and technology experience to the position. He previously served as president of ICE Mortgage Technology and chief operating officer of Ellie Mae prior to its acquisition in 2020. His most recent position was…
Fintech Figure Technology Solutions introduced a combined lien and eNote registry service for private and wholesale lenders. The company’s Digital Asset Registration Technologies system allows lenders to originate, pledge, and sell loans through a monitoring service that ensures the smooth progression of asset transfers. It is designed as an alternative to Mortgage Electronic Registration Systems….
Rick Allen has been named Chief Operating Officer at Optimal Blue, the company announced in a press release. In his new position, he will focus on operational oversight across the company and work to enhance efficiencies and execution. “Our clients have long relied on our technology and data to operate profitably and efficiently, and our…
Banking platform Blend is betting on IMBs with its latest offering, a bare-bones, low-cost product for small lenders. Blend IMB Essentials, a stripped-down version of Blend’s mortgage suite, provides the features necessary for retail independent mortgage banks to succeed in today’s market. Small lenders can pay for just the features most critical to their banking…
Mortgage tech company ReadyPrice launched an independent universal delivery portal, the company announced in a press release. Independent mortgage brokers can source loans from multiple lenders, lock them in, and deliver them to borrowers on a single platform. “Independent mortgage brokers are the core of our industry, and they’re needed now more than ever. They…
Dan Kellett has been named Chief Technology Officer of the data and workflow solutions company FirstClose. In his new position, Kellett will oversee FirstClose’s technology and strategy regarding applications, data, cybersecurity, and infrastructure. “It’s exciting to join FirstClose at this time of immense change, challenges, and innovation in the mortgage industry,” Kellett said. “FirstClose’s focus…
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