Keep up to date with the Comergence news.
Keep up to date with the Comergence news.
Building a More Trusted Marketplace
PLANO, TX – Optimal Blue, operator of the mortgage industry’s digital marketplace and provider of comprehensive secondary marketing solutions, announced today that it has acquired Comergence Compliance.
Comergence is the leading provider of third-party oversight solutions in the mortgage industry. Founded in 2008, Comergence provides an array of third-party originator (TPO), appraiser, and social media risk management solutions that verify third-party compliance in real-time, a capability unmatched in the industry. Comergence has been widely recognized by the industry for its innovations in due diligence automation and ongoing surveillance services.
“We are thrilled to welcome Comergence to the Optimal Blue family and we are looking forward to extending their network management platform to our customers,” said Scott Happ, CEO of Optimal Blue. “Comergence solutions help build trust and confidence among marketplace participants by verifying third-party compliance in real-time, a capability unmatched in the industry.”
“We provide the best due diligence and ongoing surveillance services in the industry,” noted Greg Schroeder, President of Comergence. “We believe that by being part of Optimal Blue we can bring the benefits of our technology and expertise to an even larger segment of the mortgage marketplace.”
Michael Stallings, Executive Vice President of Comergence said, “Recent Comergence innovations, including an analytics tool to help account executives identify new TPO opportunities and a breakthrough solution for social media risk monitoring, strongly complement Optimal Blue’s existing product offering.”
“Optimal Blue and Comergence are well-aligned around our principal mission of facilitating transactions between buyers and sellers of loans,” added Scott Happ. “We are very pleased that Greg, Michael, and the entire Comergence team will be joining Optimal Blue as we execute our shared growth plans.”
ABOUT OPTIMAL BLUE
Optimal Blue operates the mortgage industry’s digital marketplace, connecting
lenders, investors and providers with integrated technology and value-added services.
Our digital marketplace is powered by an enterprise secondary marketing automation
platform and contains the industry’s largest library of loan programs and real-time loan
pricing data. The platform is surrounded by a workflow automation system enabling
lenders to price, lock and sell mortgage loans while managing risk and maximizing
efficiency. Through marketplace participation, investors and value-added providers
gain access to the largest network of lenders and brokers in the industry while
leveraging tools to automate data exchange, improve decision making and source
new business. Together these lenders, investors and providers form a unique, multi-sided
marketplace touching one of every four mortgage loans closed nationally each year.
For more information visit OptimalBlue.com
Comergence, a leading provider of compliance and business solutions for the real estate industry, has recently added Don Scales to the business development team. Mr. Scales brings over 11 years of mortgage industry experience and 25 years as a sales professional. He will be responsible for the education and acquisition of mortgage lenders and originators nationwide on new and existing services and solutions including; Comergence Concierge™, Appraiser Panel Manager Plus® and Social Media Audits and Monitoring.
Prior to joining Comergence, Mr. Scales was the Account Executive in Business Development, Compliance Services with Ellie Mae responsible for the solicitation and onboarding of their standalone Mavent Compliance service. Before that he spent the better part of a decade as Director of Sales, Compliance and Third Party Services at First American/Interthinx.
“Don’s background in technology sales and a deep understanding of data based solutions will allow him to articulate the usability of the plethora of solutions that Comergence now offers,” said Greg Schroeder, President of Comergence. “His enthusiasm and quest to evolve the client experience will help fuel our continued growth.”
Comergence is happy to announce they have been chosen by FundLoans.com to implement a secure and streamlined solution to manage their newly created Wholesale channel for third-party originator oversight.
FundLoans.com has existing operations servicing Florida and the Western United States and is solely focused on Jumbo non-QM loans. Using the platform to approve partners will ensure they do business with originators that need their unique jumbo product, and are accustomed to using the Comergence technology.
By choosing Comergence, FundLoans.com will be able to standardize their recruitment process while having the added regulation benefits that the Comergence platform offers.
Jon Maddux, FundLoans.com’s Chief Executive Officer said, “Service is a critical part of our business philosophy and with expertise in specialized funding we need to have a process in place that can quickly get our brokers approved. Giving them the ability to apply using the Comergence gold standard, falls in line with our service requirements.”
Comergence President, Greg Schroeder stated, “We’re pleased that we can assist FundLoans.com with their Wholesale channel efforts and regard them as key players in a niche funding market.” Schroeder continued, “The partnership will be a win for both the FundLoans.com team and all originators registered with Comergence who can utilize their specific product offerings.”