Author Archives: Promontory MortgagePath

Promontory MortgagePath adds John Gust as Director of Product Management

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced industry veteran John Gust has joined the organization as the director of product management. In this role, Gust leads the product management and user experience teams and is responsible for product strategy, planning, execution, and rollout of Promontory MortgagePath's mortgage fulfillment services and end-to-end technology solution.

"Since Promontory MortgagePath's founding, our mission has been to fundamentally change the way lenders approach their businesses and simplify mortgage fulfillment outsourcing for community banks and financial institutions, particularly those in underserved communities," said Kevin Wheeler, managing director of product and engineering at Promontory MortgagePath. "John's depth of industry experience will be a tremendous asset to us as we continuously refine our tech offerings to align with market demands and enhance the mortgage operational support we provide our community banking clients."

Gust possesses more than 18 years of experience leading product management and digital transformation projects within the defense and mortgage industries. Prior to joining Promontory MortgagePath, he was the chief product owner of multifamily underwriting for Freddie Mac, where he was responsible for the product strategy, development, and delivery of all digital multifamily underwriting products. Gust also spent six years working at Fannie Mae, most recently as a senior product manager on the enterprise innovation team leading a public data exchange platform designed to drive new insights for the future of housing.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced industry veteran John Gust has joined the organization as the director of product management. In this role, Gust leads the product management and user experience teams and is responsible for product strategy, planning, execution, and rollout of Promontory MortgagePath's mortgage fulfillment services and end-to-end technology solution.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath’s Louann Bernstone Named to Elite Women’s List by Mortgage Professional America

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Louann Bernstone, managing director of vendor management, has been named to Mortgage Professional America's (MPA) sixth annual Elite Women list. This award recognizes successful women making waves and pushing boundaries in the traditionally male-dominated mortgage industry.

"Louann's breadth of mortgage compliance and risk experience has been integral to our operations and growth," said Gene Ludwig, Promontory MortgagePath founder and CEO. "Her leadership as a manager of multiple teams and involvement in our culture, including her role as co-chair of our diversity and inclusion committee, has been important to our mission. She is a star in our industry and is well deserving of this esteemed award."

An industry veteran, Bernstone holds nearly 20 years of mortgage risk and compliance experience. She oversees a vendor management framework compliant with lending regulatory standards, minimizes vendor risk by interacting and managing suppliers daily, leads due-diligence efforts and ensures all third parties are performing at optimal levels. Thanks to Bernstone's due diligence, community lenders utilizing Promontory MortgagePath's Borrower Wallet(r) point-of-sale technology in conjunction with their mortgage fulfillment services average a 75% increase in the average number of loan applications per month, with month-over-month increases reaching as high as 255%.

"Louann's contributions to our overall business and culture are significant. From our team members to our clients, Louann plays a large part in ensuring quality operations at Promontory MortgagePath," Ludwig added.

To view the full list of MPA Elite Women, visit https://www.mpamag.com/us

About Promontory MortgagePath LLC | NMLS ID 1532373:

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com/.

About Mortgage Professional America:

We are the world's leading independent mortgage publisher (https://www.mpamag.com/us), reaching over 140,000 mortgage and finance professionals daily in four markets. We publish magazines, daily news, opinion and analysis in addition to a growing series of special reports - industry surveys and rankings showcasing the best individuals, companies and products in the market.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Louann Bernstone, managing director of vendor management, has been named to Mortgage Professional America's (MPA) sixth annual Elite Women list. This award recognizes successful women making waves and pushing boundaries in the traditionally male-dominated mortgage industry.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath earns a spot on HousingWire’s 2022 Tech100 list

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced it's been recognized by industry trade publication HousingWire in its annual Tech 100 list for the second consecutive year. The award program is designed to showcase the most innovative technology companies in the housing economy.

"Promontory MortgagePath gives community and regional lenders the digital mortgage, back-office technology and talent needed to compete," said Gene Ludwig, Promontory MortgagePath founder and CEO. "Our white-label, completely compliant product helps increase revenue and lower costs. We are honored to be included among the fintech firms driving innovation in the housing industry."

Promontory MortgagePath was selected for the ability of its intuitive, collaborative digital mortgage platform, including its proprietary point-of-sale technology Borrower Wallet®, to increase pull-through and reduce the cost to originate for community lenders while providing consumers with a modern, fully-online lending experience. Community lenders partnering with Promontory MortgagePath leverage their tech-powered end-to-end fulfillment services to build franchise value, expand relationships with their customers and profitably grow their businesses.

"As the only program in the industry that highlights tech innovation, Tech100 is truly a special honor for these organizations that span across every aspect of the housing economy," HW Media Editor in Chief Sarah Wheeler said. "These companies are continuing to raise the bar in supporting a more efficient, accessible and sustainable housing economy and each year continues to be more competitive than the last."

To view the full list of winners, visit https://www.housingwire.com/articles/2022-housingwire-tech100-mortgage-honorees/

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced it's been recognized by industry trade publication HousingWire in its annual Tech 100 list for the second consecutive year. The award program is designed to showcase the most innovative technology companies in the housing economy.

Related link: https://www.mortgagepath.com/

National Bankers Association Endorses Promontory MortgagePath for Mortgage Fulfillment Services and POS Technology

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC today announced the National Bankers Association (NBA) has endorsed its mortgage fulfillment services and proprietary point-of-sale technology, Borrower Wallet®.

Founded in 1927, NBA has served as a voice for minority-owned banks. Its members include Black, Hispanic, Asian, Pacific Islander, Native American and women-owned banks across the country, all working to help low- and moderate-income communities that are underserved by traditional banks and financial service providers. NBA's endorsement recognizes Promontory MortgagePath's mortgage fulfillment service and POS technology for their ability to help minority depository institutions (MDIs) build their mortgage businesses.

Utilizing Promontory MortgagePath, NBA's member banks can offer a full suite of mortgage products without the need to invest in significant internal infrastructure while also lowering their origination costs. In addition, Promontory MortgagePath facilitates secondary market investor relationships to support clients' mortgage origination activities.

"Providing our member banks with technology and solutions that will help them increase access to financial services in minority communities is essential to our work," said Nicole Elam, president and CEO, NBA. "We are pleased to have successfully vetted Promontory MortgagePath, which will offer member MDIs shared access to a mortgage fulfillment solution necessary to making homeownership a possibility in communities aspiring to build generational wealth."

Founded by former U.S. Comptroller of Currency Gene Ludwig, Promontory MortgagePath began with a mission of empowering community banks to participate profitably in mortgage lending. Promontory MortgagePath's community development and minority-owned bank initiative is focused on increasing access to homeownership in underserved communities. Via the initiative, Promontory MortgagePath provides competitive pricing models, access to its user-friendly technology, dedicated U.S.-based teams of mortgage experts and robust strategies to help clients drive origination growth, with the overall goal of helping build long-term wealth in communities through increased homeownership.

"Minority depository institutions are critical conduits for financial services in the communities they serve," said Ludwig, founder and CEO of Promontory MortgagePath. "We are proud to have the endorsement of the National Bankers Association, which for nearly 100 years has supported these important institutions. Promontory MortgagePath is committed to working with the NBA to increase access to homeownership, which is central to wealth building in these communities and the American Dream."

The National Bankers Association joins the Community Development Bankers Association (CDBA) and American Bankers Association (ABA), as well as a growing list of state banking associations, in endorsing Promontory MortgagePath's services and technology.

About National Bankers Association

Founded in 1927 as the Negro Bankers Association, today, the association NBA has expanded its membership to also include Hispanic-American, Asian-American, Native American, and women-owned banks. Member banks are located in twenty-two states and the District of Columbia. Recognized as the voice of minority banking in the U.S., the NBA continues its role as chief advocate for these banks in the nation's capital. Through the decades, NBA has helped to shape public policy at the White House, on Capitol Hill, within the regulatory community and throughout the federal bureaucracy. For more information, visit https://www.nationalbankers.org/.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC today announced the National Bankers Association (NBA) has endorsed its mortgage fulfillment services and proprietary point-of-sale technology, Borrower Wallet®.

Related link: https://www.mortgagepath.com/

New Jersey Bankers Association endorses Promontory MortgagePath’s mortgage fulfillment services and POS technology

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the New Jersey Bankers Association (NJBankers) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

As an endorsed service provider, NJBankers recognizes Promontory MortgagePath's mortgage technology and end-to-end fulfillment services as a solution to help banks maintain profitability and enter or reenter the mortgage business. Promontory MortgagePath's solutions reduce mortgage origination expenses and infrastructure while enabling community banks to retain a full product suite. Through this technology, community banks can shift from fixed mortgage-operation costs to a variable cost model, providing the ability to maintain staffing and reduce impact from market cyclicality.

"We're excited to bring on Promontory MortgagePath as an Endorsed Provider," said John E. McWeeney, Jr., President and CEO of NJBankers. "Its product and service offerings will provide value and operational efficiencies to our member banks."

Residential lending provides banks an opportunity to increase revenue and create opportunities for core deposits and customer cross-selling. Promontory MortgagePath is committed to empowering banks to participate profitably in mortgage lending by offering mortgage technology and end-to-end fulfillment services - boosting community banks' ability to build franchise value and expand relationships with their customers while establishing mortgage businesses that can withstand market conditions. Despite Promontory MortgagePath's comprehensive model, providing both the technology - including a POS and LOS - and back-office operational support, such as processors, underwriters and closers, all loans are issued in the bank's name. Banks retain control over the product mix and pricing, ensuring mortgage operations remain in line with the bank's overall risk appetite and growth plans.

"Our mission is to strengthen the community bank franchise model with a mortgage platform that enables them to expand their customer base and increase profits," said Paul Katz, managing director and head of bank relations at Promontory MortgagePath. "Being endorsed by the preeminent advocate for N.J. banking validates PMP's solution and the outstanding value it brings to the NJBankers members."

About NJBankers:

Founded in 1903, the New Jersey Bankers Association (NJBankers) is a trade association representing 70 banks and 176 service providers. NJBankers provides a variety of services to members including government relations at both the state and national levels, education and professional development, and employee health and welfare insurance programs through its licensed insurance brokerage facility, Bankers Cooperative Group.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the New Jersey Bankers Association (NJBankers) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath promotes Kevin Wheeler to managing director

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today it has promoted Kevin Wheeler to managing director of product and engineering. Wheeler previously held the position of director of backend engineering at Promontory MortgagePath.

"Kevin's initiative and drive to consistently evolve process and back-office functions in addition to the customer experience have made him an asset at Promontory MortgagePath since day one," said Dean McCall, chief information officer at Promontory MortgagePath. "From constantly improving the back-end efficiencies of Promontory MortgagePath's tech stack to building the framework needed for new product launches and government-required changes, Kevin's work positively impacts our clients each and every day. This promotion is both well-deserved and a direct result of Kevin's hard work and passion for Promontory MortgagePath's mission to help community banks expand homeownership opportunities."

In his time at Promontory MortgagePath, Wheeler has been a driving force in engineering the technologies supporting Promontory MortgagePath's digital mortgage and fulfillment solutions. One example of this support has been Wheeler's work on Borrower Wallet(r), Promontory MortgagePath's proprietary point-of-sale technology. Borrower Wallet is redefining the lending experience by offering functionality specifically designed to improve efficiency and create a superior user experience for community bank customers. Wheeler works tirelessly behind the scenes to ensure the backend of Promontory MortgagePath's technology operations is running smoothly and efficiently.

"The talented team at Promontory MortgagePath is among the best with which I've worked," Wheeler said. "I am enthusiastic about what the future holds and welcome the opportunity to play a more prominent role in continuing the company's advancement in the community lending space."

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today it has promoted Kevin Wheeler to managing director of product and engineering. Wheeler previously held the position of director of backend engineering at Promontory MortgagePath.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Chief Compliance Officer Elisha Werner makes Mortgage Professional America’s list of 2021 Elite Women

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced its Chief Compliance Officer Elisha Werner has been named one of Mortgage Professional America's (MPA) Elite Women 2021. The MPA Elite Women award seeks to honor women in the mortgage sector who are pushing boundaries to diversify a traditionally male-dominated industry.

"Given how critical compliance is to the mortgage origination process, Promontory MortgagePath has curated a deep bench of regulatory compliance talent - ensuring compliance permeates throughout our entire solution and providing our clients with best-in-class, consultative expertise," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "Elisha plays a critical role in our ability to deliver this knowledge and support, and on behalf of our team, I'd like to congratulate her on this well-deserved recognition."

Werner is a renowned attorney with more than 20 years of compliance experience in the financial services industry. She leads compliance efforts for Promontory MortgagePath's residential mortgage operations and oversees the regulatory and compliance implementation process, including contributing to and testing the company's cutting-edge compliance controls and digital mortgage origination technology.

"Succeeding at PMP is not difficult given the company's solidly built compliance foundation and partners who emphasize continued development of compliant processes and technology. I am grateful to be part of such a uniquely focused organization," Werner said.

Prior to joining Promontory MortgagePath, Elisha held various leadership positions with mortgage banking and financial services firms such as First National Bank of Omaha, Opus Capital Markets Consultants, Midwest Equity Mortgage, and Wipro Gallagher Solutions, working to establish a holistic approach to compliance and risk within each organization.

To view the full list of 2021 MPA Elite Women, visit: https://www.mpamag.com/us/best-in-mortgage/elite-women-2021/319778#winnersListSection

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About Mortgage Professional America

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com/.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced its Chief Compliance Officer Elisha Werner has been named one of Mortgage Professional America's (MPA) Elite Women 2021. The MPA Elite Women award seeks to honor women in the mortgage sector who are pushing boundaries to diversify a traditionally male-dominated industry.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Founder and CEO Eugene Ludwig honored as top technology executive by Northern Virginia Technology Council

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today its Founder and CEO Gene Ludwig was named one of the top technology executives by the Northern Virginia Technology Council (NVTC) as part of its annual NVTC Tech 100 awards. Ludwig was recognized for his career-long efforts to address economic inequality through improved access to technology and a more fulsome understanding of the economic realities facing Americans today.

"While our nation continues to adapt to our new normal of living during a global pandemic, I am pleased that Virginia continues to be a leading tech hub of flourishing businesses and career opportunities. I am proud to announce that Gene Ludwig is a 2021 NVTC Tech 100 honoree. He is a key contributor to making our region a vibrant and inclusive place to live, work and learn," said Jennifer Taylor, president and CEO of NVTC.

Under Ludwig's direction, Promontory MortgagePath announced an initiative in October 2020 to support minority depository institutions (MDIs) and community development financial institutions (CDFIs) efforts to help these institutions overcome the steep barriers to entry in providing mortgages and expand access to credit and homeownership in underserved communities. While still in the early stages of rollout, Promontory MortgagePath's MDI initiative has already yielded significant results for its initial participants, with one institution on target to expand its mortgage operations into four additional markets within the first year of launch.

"I'm honored to be included in the NVTC Tech 100," Ludwig said. "Improving access to financial resources for all Americans has been one of the driving forces of my career, and in today's digitally driven environment, technology has become the great equalizer in addressing the economic disparities that have plagued underserved communities, particularly those of color."

As managing partner of venture capital firm Canapi Ventures, Ludwig guides the firm's strategic investment in early to growth-stage fintech companies with the ultimate goal of giving local bankers access to the most innovative technologies available today to improve the delivery of financial services to their communities.

In 2019, Gene founded the Ludwig Institute for Shared Economic Prosperity (LISEP). Its research includes new economic indicators for both unemployment, issued monthly, and earnings, issued quarterly. These statistics aim to provide policymakers and the public with a more transparent view into the economic situation of all Americans as compared with traditionally relied upon metrics. LISEP also seeks to guide and support policy initiatives that increase opportunities for struggling Americans.

"By providing a more realistic view of Americans' economic struggles, we can be more surgical and specific in the solutions we apply to address those challenges," Ludwig added.

Per the NVTC's announcement regarding the awards, "This year's program attracted 130 nominations across three award categories: Company, Executive and NextGen Leader...The final NVTC Tech 100 Award list comprises 64 tech companies, 33 executives, and three emerging leaders - each consistently demonstrating dedication, vision and innovation."

Honorees will be celebrated at the event on December 8, 2021, at The Ritz-Carlton, Tysons Corner. To view the full list of this year's honorees, visit https://www.nvtc.org/NVTC/News/News_Articles/NVTC_Announces_the_2021_Tech_100_Honorees.aspx.

About the Northern Virginia Technology Council

The Northern Virginia Technology Council (NVTC) is the trade association representing the national capital region's technology community. As one of the nation's largest technology councils, NVTC serves companies from all sectors of the industry, from small businesses and startups to Fortune 100 technology companies, as well as service providers, academic institutions, and nonprofit organizations. Nearly 500 entities make up the NVTC membership and look to the organization as a resource for networking and educational opportunities, peer-to-peer communities, policy advocacy, industry promotion, fostering of strategic relationships, and branding of the region as a major global technology center. Visit NVTC at http://www.nvtc.org.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today its Founder and CEO Gene Ludwig was named one of the top technology executives by the Northern Virginia Technology Council (NVTC) as part of its annual NVTC Tech 100 awards.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Promotes Dean McCall into its C-Suite as Chief Information Officer

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today it has promoted Dean McCall from managing director of development operations and data to chief information officer (CIO).

"Dean's industry experience in data management and information coupled with his five-year tenure at Promontory MortgagePath make him the perfect candidate for our CIO role," said Gene Ludwig, founder and CEO at Promontory MortgagePath. "He brings an executive-level engineering and information technology focus to the important CIO position. He will help us continue to grow and constantly improve upon our technology so we can exceed our clients' expectations."

As CIO, McCall will affect broad decision-making beyond technology and into strategic positioning, Promontory MortgagePath's client service model and other company initiatives. McCall's expertise in cloud infrastructure blueprints, data architecture and the mortgage industry has been instrumental to Promontory MortgagePath's growth and success. Prior to joining the organization in 2015, McCall worked in engineering, technology consultation and warehouse architecture with Oracle, Aurora Loan Services and Redwood Trust. McCall was also recognized by industry trade publication HousingWire in its 2021 Insiders awards program.

"Over the last year, Promontory MortgagePath has strategically aligned its internal structure to address and prepare for anticipated growth, from sales and fulfillment teams to management structures," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "As managing director of development operations and data, Dean played a critical role in the success of that realignment. We're all delighted to observe Dean's growth within the company and welcome him into this new position."

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges.

To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today it has promoted Dean McCall from managing director of development operations and data to chief information officer (CIO).

Related link: https://www.mortgagepath.com/

Fintech provider Promontory MortgagePath’s digital mortgage and fulfillment solutions receive renewed ABA endorsement

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced the renewal of its product endorsement by the American Bankers Association (ABA). Promontory MortgagePath combines extensive mortgage operations and compliance expertise with industry-leading mortgage technology to provide efficient, cost-effective mortgage processing and fulfillment services to lenders of all sizes. ABA's endorsement, dating back to 2018, recognizes Promontory MortgagePath's tech-enabled fulfillment solutions for their ability to help its members reduce mortgage origination costs while allowing them to retain a full mortgage product suite.

The endorsement and subsequent renewal are a result of ABA's thorough and ongoing due diligence process, which identifies proven, reliable solutions while saving banks time and money. When deciding whether to endorse a product, ABA engages with bank leaders to identify gaps in their current offerings and opportunities to expand services, works with industry-specific consultants and enlists ABA staff experts to guide the Request for Proposal (RFP) process and validate the research with bankers. ABA is also committed to reviewing each Endorsed Service Provider to ensure it is still providing a valuable service to ABA members and their customers.

"With Promontory MortgagePath's solution, banks can leverage their strong brand and local market knowledge while deploying a digital platform and comprehensive fulfillment services," said ABA Chief Member Engagement Officer James Edrington. "It's a 'pay-as-you-go' model, which boosts profitability and efficiency, and ABA members enjoy an exclusive 10% discount. In a recent monthly billing cycle, one ABA member alone saved $3,820."

"We've enjoyed tremendous growth in 2021, and our strategic relationship with ABA is a key contributor," said Paul C. Katz, managing director of bank relations at Promontory MortgagePath. "This momentum stems from helping our clients win in an intensely competitive mortgage marketplace with innovative tech, expansive product options and the agility to adapt to changing economic conditions. The loan is always originated and closed in the client's name, which maximizes profitability while maintaining a high-touch customer experience."

To meet ABA's standards for endorsement, a company must offer reliability, sustainability, validity, sound risk management, outstanding data and information security and rigorous quality and customer service standards. The initial due diligence process lasts six to nine months and includes analysis by industry experts and validation by bankers. In addition to the ongoing due diligence and annual reviews, ABA also publishes a due diligence report on each ABA Endorsed Provider, which includes insights gained during the due diligence process. These reports are available free of charge to ABA members.

Key features and benefits of Promontory MortgagePath's digital mortgage and fulfillment solution include:

* The proprietary point-of-sale (POS) Borrower Wallet(r), which automates document collection, provides a secure digital portal to collect and store important loan documents and delivers a transparent process to the borrower with real-time status updates;
* Fulfillment models designed to support community banks' varying origination needs;
* Milestone pricing that explicitly aligns costs with services rendered throughout the loan process;
* An in-house compliance team to ensure clients' origination activities are being executed to the highest and best mortgage compliance standards possible; and
* Access to an extensive investor network and support for existing investor relationships, resulting in increased profitability.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About American Bankers Association

The American Bankers Association is the voice of the nation's $22.8 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard nearly $19 trillion in deposits and extend $11 trillion in loans.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced the renewal of its product endorsement by the American Bankers Association (ABA). Promontory MortgagePath combines extensive mortgage operations and compliance expertise with industry-leading mortgage technology to provide efficient, cost-effective mortgage processing and fulfillment services to lenders of all sizes.

Related link: https://www.mortgagepath.com/

Mortgage Professional America honors multiple Promontory MortgagePath employees

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced trade publication Mortgage Professional America (MPA) has recently recognized several of its employees. Chief Administrative Officer Bryan DeShasier was named a 2021 Housing Industry Icon by MPA in October, and Manager, Project Management Office Darcey O'Neill and Director of Backend Engineering Kevin Wheeler were both featured in MPA's 2021 Rising Star awards program, announced today.

"At Promontory MortgagePath, our people are as integral to our clients' success as our process, and these three individuals provide ample evidence to support that fact," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "It has been a pleasure to watch these talented professionals flourish, and on behalf of the entire company, I want to extend my congratulations to Bryan, Darcey and Kevin on these well-deserved recognitions."

MPA Housing Industry Icon Bryan DeShasier has been an integral part of Promontory MortgagePath from its inception. In addition to his involvement in the development of Promontory MortgagePath's proprietary point-of-sale technology Borrower Wallet(r) and the launch of its end-to-end mortgage origination and fulfillment platform Transform, DeShasier played a key role in the company's initiative supporting community development financial institutions (CDFIs) and minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Most recently, he helped facilitate the expansion of Promontory MortgagePath's investor network to provide a wide range of investor options and relationships in support of its community lending clients' secondary market efforts.

The MPA Rising Star award seeks to honor up-and-coming professionals in the mortgage and housing industry. Darcey O'Neill joined Promontory MortgagePath in 2018 as an Implementation Analyst and quickly rose through the ranks, recently being promoted to Manager, Project Management Office.. From optimizing the functions of the sales and technology teams to refining communications with clientele, O'Neill's internal process improvement efforts have a direct impact not only on client onboarding and service delivery but also on clients' origination efforts. She also managed the company's implementation of ComplianceEase, which resulted in a more timely and automated quality check for disclosures, saving time in Compliance and Fulfillment.

In a similar feat, Kevin Wheeler's software engineering acumen has enabled Promontory MortgagePath to yield greater efficiencies in its fulfillment processes and improve the user experience. His efforts have included overseeing enhancements to Promontory MortgagePath's pre-qualification letter templates to better suit the needs of lenders and borrowers and helping to implement the new URLA form within Promontory MortgagePath's tech stack. Most recently, he led the team responsible for the development of enhancements to Promontory MortgagePath's Conversation Log messaging tool to streamline communication and the transfer of information between clients' loan officers and Promontory MortgagePath's processors.

To view the full list of 2021 MPA Housing Industry Icons or Rising Stars, visit: www.mpamag.com

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About Mortgage Professional America

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com/.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced trade publication Mortgage Professional America (MPA) has recently recognized several of its employees. Chief Administrative Officer Bryan DeShasier was named a 2021 Housing Industry Icon by MPA in October, and Manager, Project Management Office Darcey O'Neill and Director of Backend Engineering Kevin Wheeler were both featured in MPA's 2021 Rising Star awards program, announced today.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath welcomes Guild Mortgage Correspondent to its investor network

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Guild Mortgage Correspondent as the most recent addition to its investor network. As part of its comprehensive mortgage fulfillment services, Promontory MortgagePath manages investor relationships on behalf of its community lending clients, facilitating new relationships for clients seeking investor partners and adding and delivering to new investors based on clients' existing relationships. Guild Mortgage Correspondent is the latest investor to join the company's extensive network of investors.

"As lenders advance their investor relationships, their ownership of the origination processes increases - and so does their earning potential. Through Promontory MortgagePath's investor network, we've been able to provide significant value to our clients by facilitating introductions to leading industry investors like Guild Mortgage Correspondent and providing education to help define our clients' journey to the secondary market," said Debora Aydelotte, Chief Operating Officer at Promontory MortgagePath. "Given where Promontory MortgagePath sits inside our clients' organizations and our extensive network of industry connections, it only makes sense for us to help facilitate and manage these vital relationships, and we are especially proud to add Guild Mortgage Correspondent to our expanding investor network."

In addition to facilitating community lenders' entry into the secondary market, Promontory MortgagePath can also connect community lenders to new investors or help them expand or advance their existing investor relationships, resulting in increased profitability. Leveraging custom analyses to account for investors' processes and tolerances during loan origination, Promontory MortgagePath ensures efficient and effective loan delivery to investors on behalf of its clients.

Coupled with Promontory MortgagePath's comprehensive, tech-driven mortgage fulfillment services, lenders can maintain control of all aspects of the origination process - including its contractual relationships with investors - while leaning on Promontory MortgagePath's expertise to create and manage a compliant, efficient, scalable loan manufacturing process that supports the lender's secondary market goals.

"As any mortgage lender knows, originating the loan is only half the battle, and for community lenders in particular, finding the right investment partnerships to support their non-portfolio products can be especially challenging," said Promontory MortgagePath Managing Director and Head of Bank Relations Paul C. Katz. "We're pleased to add to the pool of resources we provide to our community lending clients and look forward to enhancing their relationships with the industry's prominent secondary market investors."

As part of its education efforts, Promontory MortgagePath has released its Guide to the Residential Lending Secondary Market, which provides community lenders with an introduction to selling loans and mortgage servicing rights (MSRs) to investors. Lenders that would like to learn more about Promontory MortgagePath and/or its investor network can contact Paul Katz at paul.katz@mortgagepath.com. Investors interested in becoming part of Promontory MortgagePath's investor network should reach out to Louann Bernstone, managing director and head of investor relationships, at louann.bernstone@mortgagepath.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

RELATED LINK: https://www.mortgagepath.com/guide-to-the-residential-lending-secondary-market

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Guild Mortgage Correspondent as the most recent addition to its investor network. As part of its comprehensive mortgage fulfillment services, Promontory MortgagePath manages investor relationships on behalf of its community lending clients.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Promotes Bryan DeShasier to Chief Administrative Officer, Adds Helen Placente as Managing Director of National Credit Operations

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced two key staffing changes expanding the strength of its executive team. Bryan DeShasier has been promoted to Chief Administrative Officer (CAO), and Helen Placente has been hired as Managing Director of National Credit Operations.

"Bryan's promotion and the addition of Helen signify our need to expand our top talent to fuel our growth," said Promontory MortgagePath Founder and CEO Gene Ludwig. "Bryan has been an exceptional team member, and Helen's deep expertise and success in mortgage banking are just the right combination to help our clients continue to grow and expand market share. On behalf of our entire team, I want to congratulate Bryan on this well-deserved promotion and welcome Helen to Promontory MortgagePath."

Prior to his promotion, DeShasier was Managing Director of Product and Process. In addition to his work on the company's point-of-sale (POS) technology, Borrower Wallet(r), he was instrumental to the development and launch of Transform, Promontory MortgagePath's latest service delivery model combining licensed loan coordinators, POS technology and fulfillment services to offer a complete mortgage operations platform from application to close. DeShasier played a key role in launching Promontory MortgagePath's initiative to support community development financial institutions' (CDFIs) and minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Since then, he has helped onboard the program's first two participants.

Placente has more than 25 years of experience in the mortgage banking industry. Most recently, she served as Senior Vice President of Servicing Management at Freedom Mortgage Corporation, where she was called upon to launch the company's servicing outreach program to assist borrowers affected by the COVID-19 pandemic, as well as those experiencing non-pandemic-related financial hardships. Placente also served as Vice President of Wholesale at Mr. Cooper, where she monitored underwriting processes and was the business lead for pre- and post-funding in the quality control department. She has also held executive-level positions in mortgage servicing and originations, non-retail lending, quality assurance and risk management for Caliber Home Loans, TIAA Bank (formerly EverBank) and Aurora Bank.

"Having worked closely with both Bryan and Helen in the past, I am thrilled to have them on our executive team," said Debora Aydelotte, Chief Operating Officer at Promontory MortgagePath. "Their talent, drive and resourcefulness are tremendous assets to Promontory MortgagePath as we deliver the digital mortgage tools and operational support community lenders need to profitably compete in the current mortgage market."

To learn more or find opportunities at Promontory MortgagePath, visit https://www.mortgagepath.com/careers.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced two key staffing changes expanding the strength of its executive team. Bryan DeShasier has been promoted to Chief Administrative Officer (CAO), and Helen Placente has been hired as Managing Director of National Credit Operations.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath’s Chiara Mazzonis and Dean McCall named 2021 HW Insiders by HousingWire Magazine

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced two of its employees - Human Resources Director Chiara Mazzonis and Managing Director of Development Operations and Data Dean McCall - have been recognized by industry trade publication HousingWire in its 2021 HW Insiders awards program.

"Chiara and Dean exemplify what it means to be an operational superstar. Both have been with Promontory MortgagePath from the beginning, and their dedication, hard work and passion for our mission to deliver a faster, more inclusive mortgage origination process have helped the company reach new heights in the past year," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "It is with great pride that we congratulate them both on this well-deserved honor."

Mazzonis was recognized for her efforts over the past year in managing a 91.2% increase in Promontory MortgagePath's workforce - many of whom are remote employees - while also maintaining all-time-high employee satisfaction levels and a less than 1% employee turnover rate during the pandemic. With Mazzonis' help, Promontory MortgagePath has also prioritized diversity and equity as its workforce grows. Currently, more than half of executive-level positions are held by women and/or persons of color, and the company has achieved an 8% year-over-year increase in the diversity of its entire employee base and a 10% increase in the number of female team members.

As the mastermind behind Promontory MortgagePath's cloud infrastructure blueprint, McCall has developed a talent for matching data architecture to unique mortgage-industry problems and incorporating self-service data insights into mortgage operations. In addition to many of his back-end development contributions, McCall led the team responsible for creating Promontory MortgagePath's point-of-sale technology Borrower Wallet®, as well as developing the company's proprietary data collection tools Perfected Qualifying Data® and IncomeAI®. Thanks to his efforts, Promontory MortgagePath has grown from a start-up to more than 200+ employees servicing multiple customers in just a few short years. At Promontory MortgagePath, McCall has been able to channel over 20 years of industry experience into efforts that have helped clients achieve, on average, a 75% increase in the number of loan applications taken per month, with month-over-month increases reaching as high as 255%.

"The housing economy has successfully navigated a year of record high volumes and technological innovation moving at breakneck speed - all while grappling with the operational challenges presented by a global pandemic," said Clayton Collins, CEO of HW Media. "This is the perfect time to pause and recognize the professionals in mortgage, real estate and technology who are truly moving this market forward. The 2021 HousingWire Insiders all possess the intellect, stamina and leadership to transform the housing industry for the better - growing businesses and supporting millions of American families."

The HousingWire Insiders awards program seeks to highlight team members that are behind the scenes and vital to their organization's success. Insider honorees have been featured in the September issue of HousingWire Magazine. The complete list of HousingWire Insiders can be viewed on www.housingwire.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced two of its employees - Human Resources Director Chiara Mazzonis and Managing Director of Development Operations and Data Dean McCall - have been recognized by industry trade publication HousingWire in its 2021 HW Insiders awards program.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath’s Debora Aydelotte and Louann Bernstone Named 2021 NEXT Powerhouse Partners

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Chief Operating Officer Debora Aydelotte and Managing Director and Head of Vendor Management Louann Bernstone have been selected as NEXT Powerhouse Partners.

The #NEXTPowerhouse Partner awards program honors female powerhouses at the intersection of the mortgage and technology industries.

"Promontory MortgagePath must have the highest quality team members in order to deliver the technology and scalability community lenders need to compete," said Promontory MortgagePath Founder and CEO Gene Ludwig. "Debora Aydelotte and Louann Bernstone are perfect examples of our best-in-class team. They are incredible leaders who we depend on day in and day out. We are extremely proud of their accomplishments and appreciate that NEXT recognized their talent."

Aydelotte's passion for mentorship and commitment to employee success caught the attention of NEXT. Under her leadership, Promontory MortgagePath has grown tremendously from both a product and personnel perspective while blazing a trail for diversity and inclusion in the organization's leadership team. In the past 12 months, Aydelotte has overseen the Transform product launch, kicked off Promontory MortgagePath's initiative to help community development financial institutions (CDFIs) and minority-owned depositories (MDIs) expand mortgage credit access, and overseen the successful implementation of its first MDI, Industrial Bank, and the onboarding of two MDIs.

Bernstone was recognized for her efforts in curating and managing Promontory MortgagePath's tech stack, which includes all vendor onboarding and oversight to ensure compliance with regulatory requirements and minimize vendor risk, leading due diligence efforts and ensuring all third parties are performing at optimal levels.

Thanks to Promontory MortgagePath's tech stack, community lenders utilizing Promontory MortgagePath's Borrower Wallet® point-of-sale technology and mortgage fulfillment services have experienced a 75% increase in the average number of loan applications taken per month, with month-over-month increases reaching as high as 255%. In addition, the application pull-through rate for Promontory MortgagePath's clients is 86%, demonstrating the overall quality of initial loan applications.

The full list of NEXT Powerhouse partners and award honorees can be viewed at https://nextmortgagenews.com/2021-next-powerhouse-award-winners/.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Chief Operating Officer Debora Aydelotte and Managing Director and Head of Vendor Management Louann Bernstone have been selected as NEXT Powerhouse Partners.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath COO Debora Aydelotte Earns Top Female Industry Leadership Honors from HousingWire and Mortgage Banker Magazine

DANBURY, Conn. /ScoopCloud/ -- Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Chief Operating Officer Debora Aydelotte has been recognized by HousingWire and Mortgage Banker Magazine for her leadership contributions to the mortgage industry. Aydelotte has been named one of HousingWire's 2021 Women of Influence and is among Mortgage Banker Magazine's 2021 Powerful Women in Mortgage Banking.

Over the last 12 months, Aydelotte has overseen the launch of Transform, Promontory MortgagePath's expanded service delivery model, and kicked off the company's CDFI and MDI initiative. Under Aydelotte's leadership, Promontory MortgagePath has also expanded its operations with an additional fulfillment center, doubled its workforce year-over-year and garnered key endorsements from organizations such as the Independent Bankers Association of Texas, the Community Development Bankers Association, the Oregon Bankers Association and the Oklahoma Bankers Association.

"Advocating for diversity, equity and inclusion has been a personal mission throughout my entire career, and being able to channel that passion into the work Promontory MortgagePath is doing to promote greater inclusion and equity in financial services has made my work that much more meaningful," said Aydelotte. "For nearly two decades, it has been my privilege as an executive to mentor others and contribute to their growth, and I am honored to be recognized by both HousingWire and Mortgage Banker Magazine for these efforts."

Each of these awards seeks to highlight female pioneers, innovators and leaders in the mortgage industry. To view Aydelotte's profile and the full list of HousingWire Women of Influence honorees visit https://www.housingwire.com/articles/presenting-housingwires-2021-women-of-influence/. Aydelotte's feature in Mortgage Banker Magazine, along with the full list of honorees, can be viewed at https://nationalmortgageprofessional.com/news/powerful-women-mortgage-banking-2021.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Leading digital mortgage and fulfillment solutions provider Promontory MortgagePath LLC announced Chief Operating Officer Debora Aydelotte has been recognized by HousingWire and Mortgage Banker Magazine for her leadership contributions to the mortgage industry. Aydelotte has been named one of HousingWire's 2021 Women of Influence and is among Mortgage Banker Magazine's 2021 Powerful Women in Mortgage Banking.

Related link: https://www.mortgagepath.com/

Oklahoma Bankers Association Endorses Promontory MortgagePath’s Mortgage Fulfillment Services and POS Technology

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the Oklahoma Bankers Association (OBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

OBA recognized Promontory MortgagePath's mortgage technology and end-to-end fulfillment services for their ability to help its members reduce mortgage origination expenses while allowing them to retain a full mortgage product suite. By shifting fixed mortgage-operations costs to a variable cost model through Promontory MortgagePath, community banks can augment their staffing needs to match the ebb and flow of the mortgage market.

"OBA's mission is to ensure Oklahoma's robust banking community possesses the tools it needs to support its communities and few support a community like increased homeownership," said OBA President and CEO Adrian Beverage. "Promontory MortgagePath's mortgage technology and fulfillment services will deepen our community banks' capacities to serve their communities while also providing stability and longevity through increased access to homeownership."

Founded by former U.S. Comptroller of Currency Gene Ludwig, Promontory MortgagePath began with a commitment to empower community banks to participate profitably in mortgage lending. By offering mortgage technology and end-to-end fulfillment services, Promontory MortgagePath helps community banks build franchise value and expand relationships with their customers while establishing mortgage businesses that can withstand all market conditions. Although Promontory MortgagePath provides both the technology - including a POS and LOS - and back-office operational support, such as processors, underwriters and closers, community banks require to profitably grow their businesses, all loans are issued in the bank's name, and the bank retains control over the product mix and pricing, ensuring mortgage operations remain in line with the bank's overall risk appetite and growth plans.

"Our solution amplifies a core strength of community banks - outstanding customer service - by adding a digital platform and comprehensive fulfillment services," said Paul Katz, managing director and head of bank relations at Promontory MortgagePath. "We're excited to partner with OBA to bring a profitable, efficient, and compliant mortgage solution to its member banks."

About Oklahoma Bankers Association

For more than 100 years, Oklahoma banks have relied upon the Oklahoma Bankers Association to address their changing needs and challenges. Today, OBA serves approximately 200 member banks located statewide. Based in Oklahoma City, the OBA assists its members with government relations, educational programs, legal and compliance services, communications, insurance products and numerous products and services. The OBA works with banks to ensure they have the tools they need to support their communities and provides fraud training programs to banks at no charge, as well as financial literacy programs to communities across the state and so much more. The OBA owns two subsidiaries - the OBA Services Company and the OBA Insurance Agency, which specialize in products and services for the banking industry. While the OBA offers a wide variety of services and benefits to its members, it's efforts can be summed up in four simple words: We Make Bankers Better! For more information, visit https://www.oba.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and fulfillment solutions, announced today the Oklahoma Bankers Association (OBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Adds Industrial Bank, Optus Bank as First MDIs, CDFIs in Its Minority-Owned Financial Institution Initiative

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Industrial Bank and Optus Bank as the first participants in its initiative to support community development financial institutions (CDFIs) and minority depository institutions (MDIs). The initiative is focused on expanding mortgage credit access in underserved communities. Washington D.C.-based Industrial Bank, a U.S. Treasury-certified CDFI and the oldest Black-owned commercial bank in the Mid-Atlantic region, is fully onboarded and began offering mortgages via Promontory MortgagePath's platform in April. South Carolina-based Optus Bank, a federally-designated MDI and U.S. Treasury-certified CDFI, is in implementation.

"Industrial Bank has been committed to helping families in our communities purchase homes, grow small businesses, and build wealth since 1934," said Industrial Bank President and CEO Doyle Mitchell. "Our partnership with Promontory MortgagePath will mean more people in our community will be able to purchase homes - the most important pillar to closing the wealth gap."

"For more than 100 years, Optus Bank has been fighting to counter racial disparities. We strive to build wealth for all customers, with a special focus on those impacted by the 400-year legacy of exploitation and racism," said Optus Bank President and CEO Dominik Mjartan. "Together with Promontory MortgagePath, our goal to create $100 million in Black wealth over the next 10 years is more attainable."

Promontory MortgagePath's program offers exclusive pricing, resources and joint marketing opportunities to participating institutions. These services help lower the barriers to entry into mortgage lending and allow these institutions to participate in the mortgage market profitably, with the overall goal of helping build long-term wealth in communities through increased homeownership. Participating institutions also gain access to Promontory MortgagePath's point-of-sale platform Borrower Wallet(r), technology-driven, U.S.-based mortgage fulfillment services and compliance support to accelerate their entry into the market and delivery of mortgage services. As a Community Development Bankers Association (CDBA) endorsed solution, Promontory MortgagePath is working with the CDBA to identify strategic partners to participate in the initiative.

Promontory MortgagePath founder and CEO and former Comptroller of the Currency Gene Ludwig has been focused throughout his career on access to responsible credit and other mechanisms to give families a hand up.

"We are proud to support Industrial and Optus banks in driving homeownership in their communities," Ludwig said. "These community-focused financial institutions are the lifeblood of wealth-building opportunities for the customers they serve. CDFIs and MDIs are a critical component to addressing big societal issues - from unemployment to wage stagnation - facing so many communities. These problems are more acute for Americans of color. And this is why Promontory MortgagePath is such a supporter of these banks."

Ludwig is also the chair of The Ludwig Institute for Economic Prosperity, which is focused on the plight of lower- and middle-income Americans. Part of this effort is to shine a light on economic indicators, like unemployment and wages, that do not give an accurate view into the real economic situation of these Americans.

MDIs or CDFIs interested in learning more about becoming strategic partners in this initiative should contact Promontory MortgagePath Managing Director and Head of Bank Relations Paul Katz at paul.katz@mortgagepath.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com/.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced Industrial Bank and Optus Bank as the first participants in its initiative to support community development financial institutions (CDFIs) and minority depository institutions (MDIs).

Related link: https://www.mortgagepath.com/

Oregon Bankers Association Subsidiary Endorses Promontory MortgagePath’s Mortgage Fulfillment Services, Digital Mortgage Platform

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced today Synergy by Association, Inc., a wholly-owned subsidiary of the Oregon Bankers Association (OBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

"We are so pleased to promote the Promontory MortgagePath solution to banks in Oregon," said OBA President and CEO Linda Navarro. "Offering home loans is a challenge for many community banks given costs and compliance requirements. Our partnership with such a reputable partner will shed light on a solution that enhances what a community bank can offer to customers - a modern and efficient mortgage experience."

Promontory MortgagePath was founded with a commitment to empowering community financial institutions to participate profitably in mortgage lending by offering a faster, simpler and more-inclusive mortgage process. By leveraging Promontory MortgagePath's digital mortgage platform and comprehensive fulfillment services, community banks benefit from increased efficiencies and a scalable business model while offering their customers a modern digital mortgage experience. Promontory MortgagePath's founder and former federal regulator, Gene Ludwig, has been committed to community- and regional banking for decades, focusing his post-government professional career on improving the competitive posture of community banks with an emphasis on compliance.

"Our approach is to deliver an exceptional borrower experience with intuitive technology while expanding the reach of our lending partners in their communities," said Paul Katz, managing director and head of bank relations at Promontory MortgagePath. "Our enhanced mortgage platform and flexible staffing model enables lenders to grow their franchise while reducing costs and offering a full suite of loan products."

About Oregon Bankers Association

Established in 1905, the Oregon Bankers Association is a full-service trade association with a membership that includes state and national commercial banks, savings banks and trust companies doing business in Oregon. The mission of the OBA is to be the voice of Oregon banking.

The Oregon Bankers Association serves a dynamic, innovative and community-minded industry. The competitive nature of banking gives Oregonians and Oregon businesses a wide variety of choices for their financial services. In our collective endeavors, the Oregon Bankers Association and its members strive to ensure that Oregon remains a great place to do business and a great place to do banking. To learn more, visit https://www.oregonbankers.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced today Synergy by Association, Inc., a wholly-owned subsidiary of the Oregon Bankers Association (OBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet®.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Named One of the Best Places to Work in Financial Technology

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has been named one of the Best Places to Work in Financial Technology in 2021. The awards program was created in 2017 and is a project of Arizent, which includes American Banker, and Best Companies Group.

"We believe strongly in the importance of community and regional banking and in increasing access to homeownership, to include underserved communities. When your mission is service-oriented, you tend to attract like-minded individuals to the team," said Promontory MortgagePath CEO and Founder Gene Ludwig. "We have a truly collaborative, people-first culture where everyone from our technologists, coders, and programmers to our senior mortgage-industry and compliance veterans work alongside each other in pursuit of this shared vision."

This annual survey and awards program is designed to identify, recognize and honor the best employers in the financial technology industry. Companies recognized on this year's list operate in and serve companies and consumers in a wide range of financial services including banking and mortgages, insurance, payments and financial advisory.

"Promontory MortgagePath's greatest asset is our workforce, and in the midst of an unprecedented year for the mortgage industry, our team quickly pivoted to adjust to the unique operational challenges created by the pandemic in order to ensure the success of our clients," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Given this award is driven by our own employee survey responses, we are incredibly proud to be recognized as one of the Best Places to Work in Financial Technology not only by Arizent, but also by our internal team."

"This year, the fintech industry became a larger and more important sector of our economy," said David Evans, chief content officer at Arizent. "This ranking helps highlight companies that have generous employee policies and positive cultures, and can help serve as a guide to job seekers in this competitive industry."

The 2021 list was published by Arizent brands American Banker, National Mortgage News, PaymentsSource, Financial Planning and Digital Insurance. To be considered for participation, companies must provide technology products, services or solutions that enable the delivery of financial services. Companies must also have been in business for at least one full year and employ at least 15 people in the U.S.

Companies from across the United States entered a two-part survey process to determine Arizent's Best Places to Work in Financial Technology. The first part consisted of evaluating each nominated company's workplace policies, practices, philosophy, systems and demographics. The second part consisted of an employee survey to measure the employee experience. The combined scores determined the top companies and the final ranking. Best Companies Group managed the overall registration and survey process, analyzed the data and determined the final ranking.

For more information on Arizent's Best Places to Work in Financial Technology program, including full eligibility criteria, visit www.BestPlacestoWorkFinTech.com. To learn more about open positions at Promontory MortgagePath, visit mortgagepath.com/careers.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has been named one of the Best Places to Work in Financial Technology in 2021. The awards program was created in 2017 and is a project of Arizent, which includes American Banker, and Best Companies Group.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Wins Spot on HousingWire’s 2021 Tech100 List of Most Innovative Mortgage Tech Companies

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC today announced it was named a 2021 HW Tech100 Mortgage winner. The industry trade publication HousingWire chooses this list of top technology companies in the mortgage space.

HousingWire chose Promontory MortgagePath, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, for its work in, "simplifying and automating problems in the fulfillment space that, to-date, have been complicated and manual...Through its technology and mortgage fulfillment solutions, [Promontory MortgagePath] provides the scale and cost efficiencies that previously only existed at larger banks. With [Promontory MortgagePath], community lenders can continue to offer personalized service to their communities at a cost that allows them to compete with big brands."

"At Promontory MortgagePath, our goal is to level the playing field for community and regional lenders by equipping them with the tools to profitably launch, re-launch, and scale their mortgage operations," said Promontory MortgagePath CEO and Founder Gene Ludwig. "Our mortgage origination technology and fulfillment services allow community and regional lenders to leverage the power of a network, and we're increasing access to homeownership for everyone in the communities these lenders serve. We're thankful to the team at HousingWire for this 2021 HW Tech100 recognition."

According to HousingWire, "The Tech100 program provides housing professionals with a list of the most innovative and impactful companies that can be leveraged to identify partners and solutions to the problems that mortgage lenders and real estate professionals face everyday... For the second year in a row, the Tech100 program was divided into the HW Tech100 Mortgage and the HW Tech100 Real Estate to highlight the innovation and achievements of organizations within both sectors."

"After the uncertainty and unpredictability of last year, we expected a greater adoption of technology. However, these 100 real estate and mortgage companies took digital disruption to a whole new level and propelled a complete digital revolution, leaving a digital legacy that will impact borrowers, clients and companies for years to come," said Brena Nath, HousingWire's HW+ Managing Editor. "Knowing what these companies were able to navigate and overcome, we're excited to announce this year's list of the most innovative technology companies serving the mortgage and real estate industries."

To view the complete list of the 2021 HW Tech100 Mortgage winners, visit https://www.housingwire.com/articles/introducing-the-2021-hw-tech100-mortgage-winners/.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit https://www.housingwire.com or https://www.housingwire.com/advertise/ to learn more.

About HW Media

HW Media aspires for audiences to "Come for the content, and stay for the community." By aligning vertical expertise and innovative B2B marketing solutions, HW Media answers the ever-evolving needs of modern professionals, brands and marketers. With a premium suite of advertising solutions, HW Media builds upon this principle, improving reader experience and delivering brand results. Based in Dallas with team members across the country, HW Media was founded in 2016 through the acquisition of HousingWire and is owned by Riomar Capital, an entrepreneurial investment firm.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC today announced it was named a 2021 HW Tech100 Mortgage winner. The industry trade publication HousingWire chooses this list of top technology companies in the mortgage space.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Appoints Savita Ilango as Chief Financial Officer

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced today it has hired Savita Ilango as chief financial officer. A financial industry veteran, Ilango brings unique perspectives for helping Promontory MortgagePath continue both on its growth trajectory and toward achieving its mission of changing the way lenders approach their mortgage business.

"We're delighted to welcome Savita to the Promontory MortgagePath leadership team," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "Savita's extensive experience as a results-oriented financial leader will have an immediate impact as we continue to grow and her proven ability to create value will be felt throughout the firm."

With extensive experience in finance, Ilango has worked with publicly held and private companies of varying sizes, leading cross-functional teams to achieve financial targets and operational excellence. She comes to Promontory MortgagePath from Kabbage, a FinTech firm providing small businesses with automated cash flow solutions, where she served as head of global financial planning and analysis. Prior to Kabbage, Ilango worked in roles with increasing responsibility in controllership, financial planning, and consumer banking at Synchrony Financial and GE Capital.

"I am thrilled to join the dynamic and driven team at Promontory MortgagePath and look forward to driving growth for both our customers and our company. I love the mission of helping community-oriented financial institutions thrive," said Ilango.

To learn more about open positions at Promontory MortgagePath, visit mortgagepath.com/careers. Contact careers@mortgagepath.com to submit a resume or other inquiries.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced today it has hired Savita Ilango as chief financial officer. A financial industry veteran, Ilango brings unique perspectives for helping Promontory MortgagePath continue both on its growth trajectory and toward achieving its mission of changing the way lenders approach their mortgage business.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Recruits Elisha Werner as Chief Compliance Officer

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced today it has recruited Elisha Werner as chief compliance officer, mortgage operations. In this role, Werner will lead compliance efforts for Promontory MortgagePath's residential mortgage operations and oversee the regulatory and compliance implementation process including contributing to and testing the company's cutting-edge compliance controls and digital mortgage origination technology.

In addition, Werner will support the development, implementation and ongoing performance of Promontory MortgagePath's compliance management system, which serves as the foundation for its mortgage fulfillment services.

"Compliance is the foundation on which our solution is built, and Elisha's demonstrated experience in mortgage compliance will directly support us in equipping lenders with best-in-class technology at the highest level of compliance adherence," said Debora Aydelotte, chief operating officer at Promontory MortgagePath. "Her role as chief compliance officer enhances our digital mortgage and fulfillment services platform, further reducing lenders' risk, and strengthening Promontory MortgagePath's position as a trusted partner in managing today's regulatory burden."

With more than 20 years' experience in mortgage-industry compliance, Werner has served as general counsel of a title company, chief compliance officer of a mortgage banker and most recently as chief compliance counsel for Opus Capital Markets Consultants. In these roles, she managed all aspects of compliance oversight for operations, loan file due diligence and quality control.

"In today's environment, there are plenty of fintech providers building technology where compliance is secondary or an afterthought. As community lenders grow their mortgage operations, it is more important than ever they leverage digitally-driven mortgage services prioritizing compliance," said Werner. "Promontory MortgagePath's commitment to keeping abreast of the latest regulatory and investor changes offers community lenders assurance that as their loan volumes increase, their level of compliance risk will not respond in kind, and I am eager to utilize my expertise in this area to help maintain this commitment to our community lender partners."

To learn more about open positions at Promontory MortgagePath, visit mortgagepath.com/careers. Contact careers@mortgagepath.com to submit a resume or other inquiries.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced today it has recruited Elisha Werner as chief compliance officer, mortgage operations.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Expands Team, Hires Regional Vice Presidents of Sales Diane Capers and Greg Bruns

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced it has hired Diane Capers and Greg Bruns as regional vice presidents in the company's sales division. Capers and Bruns will advance Promontory MortgagePath's comprehensive sales strategy by cultivating pivotal relationships to strengthen and grow Promontory MortgagePath's position as the industry's leading mortgage fulfillment platform.

"We're experiencing an outpouring of interest in our products as banks seek to adapt to and manage the current low-rate, digitally-driven mortgage market," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Diane and Greg have proven track records in business development operations and will undoubtedly magnify our sales division's impact, leveraging their industry experience to drive our mission forward."

As a previous sales director with more than 20 years of experience, Capers has earned a reputation for exceeding sales goals, managing lengthy client rosters and securing new business opportunities. Having driven significant margin and revenue growth in past roles, Capers also possesses an acute ability to deepen client relationships and capture new business by utilizing skilled negotiation techniques. She has experience working in business development at several mortgage banking firms, including Caliber Home Loans and Lenders One and has expanded her expertise into the digital mortgage technology sector, most recently with Optimal Blue.

Bruns brings more than a decade of experience in commercial banking and mortgage technology, possessing a keen knowledge of the mortgage and financial industries. As an intuitive sales professional, Bruns has managed a full cycle sales territory of more than 200 Fortune 1000 companies, fostering and maintaining client relationships on a large scale and establishing footholds in new markets.

To learn more about open options at Promontory MortgagePath, visit https://www.mortgagepath.com/careers/.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders solve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, announced it has hired Diane Capers and Greg Bruns as regional vice presidents in the company's sales division.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Launches Initiative to Help Minority-Owned Financial Institutions Expand Mortgage Credit Access to Underserved Communities

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC today launched its initiative to support minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Through this initiative, Promontory MortgagePath, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, will partner with minority-owned banks and credit unions, including community development financial institutions (CDFIs), to offer exclusive pricing, resources and joint-marketing opportunities to participating institutions.

"The challenges facing community banks in low- to moderate-income areas will not be fixed immediately," said Promontory MortgagePath CEO and Founder Gene Ludwig. "But we must take action now to ensure that these vital institutions are supported because when these institutions thrive, the positive impact on their communities is profound."

The initiative aims to accelerate the ability of minority-owned banks and depositories to help their communities. There are more than 1,100 certified CDFIs in the U.S., managing approximately $222 billion in assets and, of the more than 5,400 federally insured financial institutions in the U.S., 149 are MDIs. These institutions create jobs, increase access to affordable housing and expand financial opportunities for underserved communities. An Urban Institute study details the vital role of minority-owned banks, which often fill mortgage lending gaps left by other banks and hold a deeper understanding of their communities' needs. The study also found that Black-owned banks are disproportionately affected by financial crises.

Without the right tools, minority-owned banks that lack access to cost-effective mortgage fulfillment technology or do not offer mortgage lending could stand to miss out on their share of the trillion-dollar mortgage origination market. Not only does this put these institutions at a disadvantage relative to their peers, but it also limits wealth-building opportunities for the communities these institutions serve. According to the Federal Reserve's Survey of Consumer Finances, homeowners possess a median net worth of $255,000, while the median net worth for renters is $6,300 (*see note 1).

Ludwig has long advocated for underserved communities, spotlighting the unique economic challenges they face. Throughout his career as former U.S. Comptroller of the Currency and founder of several notable financial services firms, Ludwig has demonstrated his passion for improving access to resources for all borrowers and lenders. In his recently published book, "The Vanishing American Dream," Ludwig leads a critical conversation on the plight of low- and moderate-income Americans, enlisting academics, politicians, CEOs and former presidential advisors to discuss the economic injustice that threatens so many Americans.

Earlier this month, the Community Development Bankers Association (CDBA) endorsed Promontory MortgagePath's mortgage fulfillment services and point-of-sale technology, recognizing the firm's alignment to CDBA's mission of promoting financial inclusion and opportunity among people and communities often left out of the economic mainstream. Promontory MortgagePath plans to work with the CDBA to identify strategic partners to participate in the initiative. MDIs and CDFIs that join the initiative will leverage Promontory MortgagePath's technology, U.S.-based mortgage fulfillment services and robust joint marketing program at an aggressive discount, fast-tracking their efforts to deepen and broaden their reach and expand access to homeownership in their communities.

"MDIs and CDFIs play a vital role in expanding access to credit and building wealth in the communities they serve," said Paul C. Katz, managing director and head of bank relations at Promontory MortgagePath. "Whether they are seeking to establish or grow their mortgage operations, Promontory MortgagePath is committed to partnering with these institutions to provide additional pathways to homeownership, and we highly encourage them to join the initiative."

MDIs or CDFIs interested in learning more about becoming strategic partners or joining this initiative should contact Katz at paul.katz@mortgagepath.com.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

*NOTE 1: https://www.federalreserve.gov/publications/files/scf20.pdf

Promontory MortgagePath LLC today launched its initiative to support minority depository institutions' (MDIs) efforts to expand access to credit and homeownership in underserved communities. Through this initiative, Promontory MortgagePath, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, will partner with minority-owned banks and credit unions.

Related link: https://www.mortgagepath.com/

Community Development Bankers Association Endorses Promontory MortgagePath’s Mortgage Fulfillment Services, POS Technology

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced today that the Community Development Bankers Association (CDBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet(R). CDBA recognized Promontory MortgagePath's solutions for helping community development financial institutions (CDFIs) expand access to homeownership, particularly in the low- and moderate-income markets they serve.

Founded in 2015 by former U.S. Comptroller of the Currency Gene Ludwig, Promontory MortgagePath began with a vision to empower community financial institutions with limited resources to participate profitably in mortgage lending. Through the delivery of best-in-class, technology-enabled fulfillment services and interrelated fintech products, Promontory MortgagePath is able to continually enhance the mortgage process so it is faster, simpler and more inclusive for all borrowers and lenders.

"Creating products and services that include and assist every type of consumer - most importantly, middle- and lower-income Americans - is deeply embedded in our values," Ludwig said. "Earning CDBA's endorsement underscores our commitment to CDFIs, and we are actively pursuing initiatives to empower CDFIs to provide consumers with better access to cost-effective mortgage lending services and credit, making the dream of homeownership a reality for all."

"CDBA advocates for the community development bank sector and the needs of communities often underserved by traditional financial service providers," said Jeannine Jacokes, Chief Executive Officer of CDBA. "We are pleased to partner with Promontory MortgagePath because of its alignment with our mission of promoting financial inclusion and opportunity among people and places often left out of the economic mainstream."

About CDBA

The Community Development Bankers Association is the voice and champion of the community development banking movement. CDBA and its 82 member banks work to make the banking industry a force for good by collectively promoting financial inclusion and creating economic opportunity in the nation's most economically distressed rural and urban communities. We convene community banking peers who strengthen a different kind of banking through collaboration, partnership, and learning. To learn more about CDBA, visit https://www.cdbanks.org/about-us

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for helping community lenders resolve their most pressing challenges. To learn more, visit https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage fulfillment services, announced today that the Community Development Bankers Association (CDBA) has officially endorsed its mortgage fulfillment services and proprietary point-of-sale technology Borrower Wallet.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Hires Theresa Sloan as Managing Director, National Mortgage Operations

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has hired industry veteran Theresa Sloan as Managing Director, National Mortgage Operations. In this role, Sloan will lead Promontory MortgagePath's national strategy for mortgage fulfillment while partnering with internal stakeholder groups such as sales, client strategy and technology to execute on Promontory MortgagePath's growth and fintech strategy.

"Theresa's expertise in mortgage technology, fulfillment, client services and implementation cultivated over decades in the industry makes her the perfect choice to lead our Danbury and Denver fulfillment management teams," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Under her leadership, we expect the fulfillment teams to continue their growth in both size and importance as community lenders increasingly rely on Promontory MortgagePath to provide the mission-critical support enabling them to cost-effectively expand their mortgage operations."

Sloan will also oversee the performance and effectiveness of Promontory MortgagePath's national mortgage operations, strengthening our culture of excellence in site performance, ensuring robust processes, redundant capacity and the highest quality for Promontory MortgagePath clients and their secondary market investors. Additionally, Sloan's expertise offers a broad view of the client lifecycle, which she and her team can leverage to further improve Promontory MortgagePath's overall client experience.

Sloan comes to Promontory MortgagePath from Volly, where she served as a client services executive. Possessing more than 20 years of industry experience, she has also held several management- and executive-level positions with Ellie Mae, Black Knight, Mortgage Cadence, Aurora Loan Services and Wells Fargo.

"My interest in Promontory MortgagePath was piqued by my desire to strengthen the fabric of commercial banks. My roots are in small-town banking, and I've seen first-hand the struggles community banks go through, particularly with mortgages," Sloan said. "In my role at Promontory MortgagePath, I see a real opportunity to bring value to local lenders and the communities they support by helping them become and remain competitive. I look forward to applying my expertise in technology and client service to implement the tech-driven processes that will help our fulfillment teams increase efficiency while positioning us to flex and grow with our current and future clients."

To learn more about open positions at Promontory MortgagePath, visit https://www.mortgagepath.com/careers/. Contact careers@mortgagepath.com to submit a resume or other inquiries.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com/.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has hired industry veteran Theresa Sloan as Managing Director, National Mortgage Operations.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath’s Gene Ludwig Named 2020 HousingWire Vanguard

DANBURY, Conn. /ScoopCloud/ -- HousingWire, a national news source for the mortgage and housing industry, has named Promontory MortgagePath LLC founder and CEO Gene Ludwig as a recipient of the 2020 Vanguard Award based on his innovative service to the housing, mortgage, and finance industry.

"The achievements of this year's Vanguards are hard to overstate," said Sarah Wheeler, HousingWire editor in chief. "They are leading some of the most iconic and successful mortgage and real estate companies in the world, and adapting and innovating even in the midst of a global pandemic. The Vanguards represent the industry's best and brightest, and we are excited to celebrate their remarkable accomplishments."

Promontory MortgagePath is a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions. The HW Vanguard Award, now in its sixth year, recognizes C-level industry professionals and business unit leaders for their leadership in and contributions to their respective fields within housing and mortgage finance.

Ludwig founded Promontory MortgagePath with a mission to enable community lenders to participate profitably in mortgage lending by providing them the technology and scalability required to compete. The most recent example is the launch of Transform, a new service delivery model bundling licensed loan coordinators, point-of-sale (POS) technology, and fulfillment services to offer a complete mortgage operations platform from application to close.

Ludwig's leadership and direction have also resulted in significant company growth and client success, which include:

* Earning key endorsements from the American Bankers Association and state banking associations in Georgia, Kentucky, New York, North Carolina, Ohio and Texas

* Adding more than 30 employees across all departments since the beginning of the COVID-19 pandemic

* Establishing a second fulfillment center in Denver to support the company's growing client base

* Successfully onboarding new clients during the COVID-19 pandemic

* Scaling mortgage operations for existing clients to manage double-digit increases in volume during the current mortgage/refi boom

* Increasing Promontory MortgagePath client pull-through rate by 30%

* Reducing investor delivery cycle times for Promontory MortgagePath's clients by 60%

Ludwig's success at Promontory MortgagePath is the latest in a career-long effort of building and evolving products designed to help community banks be competitive and profitable. A former federal regulator and banker, he served as U.S. Comptroller of the Currency under President Bill Clinton before becoming vice chairman and senior control officer of Bankers Trust/Deutsche Bank.

Ludwig then channeled his banking regulation, risk management, and fiscal policy expertise into establishing two of the nation's most well-respected financial services firms - risk and compliance consultancy Promontory Financial Group (PFG) and fintech provider Promontory Interfinancial Network (PIN). In addition to Promontory MortgagePath, Ludwig also founded Canapi Ventures, a venture capital firm investing in early- to growth-stage fintech companies. Most recently, Ludwig published a book, "The Vanishing American Dream," which examines the plight of lower- and middle-income Americans.

"Mortgage lending and community banking both play a critical role in the U.S. financial system and in lives of everyday Americans. We support community banks' mortgage lending efforts by supplying the technology and services needed to profitably scale operations and compete in today's market," Ludwig said. "Promontory MortgagePath levels the playing field for community financial institutions across the nation. I am grateful to the staff at HousingWire for recognizing those efforts with this year's HW Vanguard Award. I share this honor with the entire Promontory MortgagePath staff who have worked so hard to get us here."

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

HousingWire, a national news source for the mortgage and housing industry, has named Promontory MortgagePath LLC founder and CEO Gene Ludwig as a recipient of the 2020 Vanguard Award based on his innovative service to the housing, mortgage, and finance industry.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Launches End-to-End Mortgage Origination, Fulfillment Platform for Community Financial Institutions

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has launched Transform, a new service delivery model bundling licensed loan coordinators, point-of-sale (POS) technology and fulfillment services to offer a complete mortgage operations platform from application to close.

With Transform, community banks and lenders can cost-effectively offer mortgage services to their customers without adding full-time sales or operations staff. Promontory MortgagePath's new service model complements its suite of existing offerings, which work in conjunction with a financial institution's existing loan origination staff to provide loan processing, underwriting and closing support powered by digital mortgage technology.

Using Transform, the financial institution handles all prospecting and lead generation activities, including advertising and marketing its mortgage offerings. As customers express interest, the financial institution passes the customer to licensed Promontory MortgagePath loan coordinators, who take the application using Promontory MortgagePath's POS platform and provide on-going origination assistance to the potential borrower on behalf of the financial institution and in the financial institution's name. From there, Promontory MortgagePath's fulfillment team processes and underwrites the loan according to the lender's lending standards and, if approved by the lender, prepares the loan for closing.

"The current mortgage and refinance boom provides a tremendous opportunity for community banks and financial institutions to re-enter mortgage lending or scale up existing operations. But, with cost concerns at a seemingly all-time high, they need to balance a desire for growth against keeping expenses and overhead low, not to mention the difficulty even established lenders are facing in sourcing talent," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Our new platform provides lenders with a ready-made mortgage origination division, which allows them to take advantage of this demand - and better serve their communities - by offering a full range of mortgage products without incurring any of the overhead. Transform is available in most communities today, and we're committed to making it available nationwide in the coming months."

Promontory MortgagePath's Transform service delivery model is one of three options financial institutions can choose from to power their mortgage operations. Its Process model allows well-established, tech-driven lending departments to tap into Promontory MortgagePath's additional processing and underwriting power, while its Platform model pairs Promontory MortgagePath's POS technology and fulfillment services with the lenders' loan officers to unlock origination growth. Under Platform, financial institutions continue to manage the customer relationship leveraging Promontory MortgagePath's technology while Promontory MortgagePath processes, underwrites and closes the loan using its domestically-located fulfillment centers in Denver, Colorado and Danbury, Connecticut.

"Mortgage lending not only provides community financial institutions with an additional revenue stream, but it also enables them to expand their opportunities for core deposit growth and cross-selling existing customers while protecting their market share from encroachment by large depositories and fintechs," Aydelotte said. "While community lenders have been slow to embrace outsourcing, the recent shift to a remote workforce has dispelled many of the preconceived notions regarding the safety and soundness of externally-located operations and talent, making domestic outsourcing - especially for mortgage fulfillment - an attractive and cost-effective option for today's growth-minded community banks and lenders."

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has launched Transform, a new service delivery model bundling licensed loan coordinators, point-of-sale (POS) technology and fulfillment services to offer a complete mortgage operations platform from application to close.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Hires Scott Turnquest as Chief Technology Officer

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has added Scott Turnquest as its new Chief Technology Officer. In his new role, Turnquest will oversee strategy and development for Promontory MortgagePath's fintech offerings to help the firm fulfill its mission to help lenders leverage dynamic technology to engineer a faster, simpler, more-inclusive mortgage process.

"Scott is an insightful, purposeful and dedicated software engineer and technology leader who not only possesses extensive experience in the fintech space, but also brings a leadership approach that focuses on building high-functioning, autonomous and empowered teams," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "His experience in leading strategy and product development in the financial services and lending industries will prove to be a crucial asset for Promontory MortgagePath, and we look forward to experiencing his leadership in action."

Turnquest brings more than 20 years of technology experience to Promontory MortgagePath, with several years of experience operating solely in fintech. He comes to Promontory MortgagePath from Kindur, a fintech startup aimed at helping the Baby Boomer generation plan for retirement, where he served as Chief Technology Officer. Prior to Kindur, Turnquest held senior engineering leadership positions at GitHub, a leading software development platform, and Earnest, a fintech firm offering private student loans and student loan refinancing using merit-based lending.

Turnquest earned a bachelor's degree in economics from Macalester College and a Master of Science in software engineering from the University of Minnesota. He also has placed a premium on volunteerism, having worked with Hackbright Academy and Black Girls CODE, two organizations whose mission is to increase female representation in technology.

"The decision to join MortgagePath was easy for two reasons: people and purpose," Turnquest said. "Working with a group of talented and values-minded people is a joy, and I found those traits in everyone I've met. It was also important for me to join an organization whose mission truly resonates with me. Community banks are an essential part of economies that are often overlooked. I've seen firsthand how vital community banks are so I'm immensely proud to help them thrive."

To learn more about open positions at Promontory MortgagePath, visit: https://www.linkedin.com/company/promontorymortgagepathllc/jobs/. Contact careers@mortgagepath.com to submit a resume or other inquiries.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market.

Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges.

To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today it has added Scott Turnquest as its new Chief Technology Officer.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Adds New Sales Executives to Capitalize on Interest in Its Mortgage Fulfillment, Fintech Offerings

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today that it has hired Jordan Higgins and Kim Joyce as regional vice presidents in the company's sales division. The new hires are the latest result of Promontory MortgagePath's accelerated recruitment efforts, which have focused on the Midwest and Western United States, to bolster the firm's record growth and opening of its new Denver fulfillment center.

Since mid-March, Promontory MortgagePath has hired 27 new employees to support the growing interest in the firm's technology and fulfillment services.

"Promontory MortgagePath's aim is to combine innovative fintech with cost-effective, compliant fulfillment services to fundamentally change the way lenders approach their mortgage businesses, and doing so requires a keen understanding of challenges facing today's lenders," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Jordan and Kim are both well-respected professionals with proven track records in identifying and meeting lenders' needs, and we are confident they will make an immediate impact in helping Promontory MortgagePath transform mortgage operations to meet the demands of the current lending environment."

Higgins is an accomplished mortgage sales executive with 12 years of demonstrated sales and management success. Prior to Promontory MortgagePath, she spent five years as vice president of correspondent sales at Verus Mortgage Capital. In her role at Verus, Higgins managed more than 75 accounts, directed four transaction management teams and represented the company through various speaking forums. Higgins also gained industry experience at Lenders One, where she spent time as a relationship manager before earning a promotion to director of the Southeast region.

Joyce brings nearly 30 years of sales experience in the financial services industry to Promontory MortgagePath. Most recently, she served as a business development executive for client solutions at Opus Capital Markets Consultants, where she was a key member of the mortgage practice business development team. Her responsibilities included generating new logo partnerships as well as designing and delivering end-to-end and component mortgage and consumer lending outsourcing programs. Joyce has also served in business development roles at Computershare Loan Services, Sutherland Global Services, ISGN, LenderLive Network and FISERV.

To learn more about open positions at Promontory MortgagePath, visit https://www.linkedin.com/company/promontorymortgagepathllc/jobs/. Contact careers@mortgagepath.com to submit a resume or other inquiries.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most pressing challenges.

To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today that it has hired Jordan Higgins and Kim Joyce as regional vice presidents in the company's sales division. The new hires are the latest result of Promontory MortgagePath's accelerated recruitment efforts.

Related link: https://www.mortgagepath.com/

Independent Bankers Association of Texas Announces Promontory MortgagePath as Its Newest Endorsed Service Provider

AUSTIN, Texas /ScoopCloud/ -- The Independent Bankers Association of Texas (IBAT) is pleased to announce that Promontory MortgagePath, LLC (PMP) has been selected as the newest IBAT Endorsed Service Provider for its ability to deliver a tailored, modern and cost-effective set of mortgage solutions. PMP combines an intuitive, collaborative digital-mortgage platform with comprehensive fulfillment services, giving banks the cutting-edge technology and scalability required to compete in today's market.

Banks partnering with PMP determine their own product and loan pricing strategies while PMP handles the rest. With PMP, banks can field their own loan officers to co-pilot the application process and collaborate with their borrowers via PMP's proprietary point-of-sale, Borrower Wallet(r). PMP processes and underwrites each loan using client-provided business rules and closes in the bank's name.

"IBAT is thrilled to add Promontory MortgagePath to our roster of top-quality endorsed service providers," said Christopher Williston, IBAT president and CEO. "As our members know all too well, the financial services landscape is changing and that includes the need to provide an efficient and effective mortgage experience that community bank customers expect. We look forward to our new relationship and the value it will provide Texas community bankers."

This game-changing technology is required to help community banks retain and acquire customers who are increasingly demanding a digital experience. With the current challenges to in-person interactions magnified by the COVID-19 pandemic, the ability to transact digital mortgage services becomes even more critical to success.

In these early stages of economic recovery, the anticipated refinance, HELOC and first-time-homebuyer activity offers community banks an opportunity to acquire new mortgage customers. With PMP's solutions, banks benefit from increased efficiencies and a scalable business model while offering their customers an intuitive and modern digital-mortgage experience.

"For community banks, service is the big differentiator. Our digital platform and fulfillment models enable clients to deliver an exceptional customer experience with increased scalability and efficiency," said Paul Katz, managing director and head of bank relations at Promontory MortgagePath. "Times like these underscore the value of a solution that blends great service with innovative technology," he added.

PMP's founder, former U.S. Comptroller of the Currency Gene Ludwig, has been committed to community- and regional banking for decades. He has channeled his expertise as a former federal regulator into creating companies and products to improve the competitive posture of community banks while retaining a focus on compliance, including Promontory Interfinancial Network (PIN) and Promontory Financial Group.

Ludwig brought this same dedication to innovation, service, risk management and compliance excellence to Promontory MortgagePath. Compliance is deeply ingrained in its technology development and at the forefront of its fulfillment solutions. Banks partnering with PMP will get a customized, data-driven solution that results in more-compliant loans.

For more information about IBAT's endorsement of PMP, visit www.ibatservices.com.

About the Independent Bankers Association of Texas

Formed in 1974, the Independent Bankers Association of Texas (IBAT) represents Texas community banks. The Austin-based group is the largest state community banking organization in the nation with membership comprised of more than 2,000 banks and branches in 700 Texas communities. Providing safe and responsible financial services to all Texans, IBAT member bank assets range in size from $21 million to $31 billion with combined assets statewide of $193 billion. IBAT member banks are committed to supporting and investing in their local communities.

About Promontory MortgagePath | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage businesses. Their tailored, modern and cost-effective set of mortgage solutions help lenders remain competitive in a rapidly-changing mortgage market. Promontory MortgagePath combines an intuitive, collaborative digital-mortgage platform with comprehensive fulfillment services, giving lenders the cutting-edge technology and scalability required to compete in today's residential mortgage market, profitably. The company's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a far-sighted thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most-pressing challenges. To learn more, visit https://www.mortgagepath.com/.

The Independent Bankers Association of Texas (IBAT) is pleased to announce that Promontory MortgagePath, LLC (PMP) has been selected as the newest IBAT Endorsed Service Provider for its ability to deliver a tailored, modern and cost-effective set of mortgage solutions.

Related link: https://www.mortgagepath.com/

Promontory MortgagePath Expands Operations with Addition of Mortgage Fulfillment Center in Denver

DANBURY, Conn. /ScoopCloud/ -- Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today that it has opened a new fulfillment center in Denver. The new fulfillment center will allow Promontory MortgagePath to expand its operations in the western United States while maintaining the high level of service its clients are accustomed to receiving.

"Promontory MortgagePath's recent growth has resulted in the need to expand our operations beyond our original Danbury fulfillment center to continue providing compliant, technology-driven mortgage fulfillment services to our clients and their customers," said Promontory MortgagePath Chief Operating Officer Debora Aydelotte. "Combined with our fintech-first approach, community banks that outsource their mortgage fintech and fulfillment needs to Promontory MortgagePath are able to cost-effectively offer their borrowers an exponentially better experience without sacrificing the personal relationships that are characteristic of community banking."

Promontory MortgagePath combines a collaborative digital-mortgage platform with comprehensive fulfillment services, giving community banks the technology and scalability required to compete in today's market. The Denver fulfillment center expansion better positions Promontory MortgagePath to expertly service clients nationwide, while also adding to its ever-growing team of underwriters, processors, closers, lock desk analysts and more. In light of COVID-19, fulfillment center staff are operating remotely for the time being but will transition to an in-person work environment when it becomes safe to do so.

Promontory MortgagePath currently has open positions in both its Danbury and Denver fulfillment centers. For more information or to apply, visit https://www.linkedin.com/company/promontorymortgagepathllc/jobs/.

About Promontory MortgagePath LLC | NMLS ID 1532373

Promontory MortgagePath is a fast-growing team of passionate problem solvers on a mission to fundamentally change the way lenders approach their mortgage business. The company combines an intuitive, collaborative digital mortgage platform with modern, comprehensive fulfillment services, giving lenders the progressive technology and scalability required to profitably compete in today's rapidly-changing residential mortgage market. Promontory MortgagePath's founder, former U.S. Comptroller of the Currency Gene Ludwig, is widely recognized as a visionary thinker on the critical issues confronting financial services, and his companies are renowned for their ability to help community lenders resolve their most-pressing challenges. To learn more, https://www.mortgagepath.com.

Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage origination and tech-driven fulfillment solutions, announced today that it has opened a new fulfillment center in Denver. The new fulfillment center will allow Promontory MortgagePath to expand its operations in the western United States while maintaining the high level of service its clients are accustomed to receiving.

Related link: https://www.mortgagepath.com/