Culture

Promontory MortgagePath Recruits Elisha Werner as Chief Compliance Officer

2020-12-08T14:10:23+00:00December 8th, 2020|

Promontory MortgagePath Recruits Elisha Werner as Chief Compliance Officer Danbury, Conn., December 8, 2020 — 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

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

2020-11-17T14:52:03+00:00November 17th, 2020|

Promontory MortgagePath Expands Team, Hires Regional Vice Presidents of Sales Diane Capers and Greg Bruns Danbury, Conn., Nov. 17, 2020 — 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

  • Promontory MortgagePath lighthouse logo

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

2020-10-08T13:21:10+00:00September 22nd, 2020|

Promontory MortgagePath Launches End-to-End Mortgage Origination, Fulfillment Platform for Community Financial Institutions Danbury, Conn., Sept. 22, 2020 — 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

  • Promontory MortgagePath lighthouse logo

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

2020-11-16T21:57:53+00:00October 29th, 2020|

Promontory MortgagePath Launches Initiative to Help Minority-Owned Financial Institutions Expand Mortgage Credit Access to Underserved Communities Danbury, Conn., Oct. 29, 2020 — 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

Why Technology Firms Should Hire Liberal Arts Majors

2020-10-29T15:42:32+00:00September 10th, 2020|

Why Technology Firms Should Hire Liberal Arts Majors As companies, individuals and jobseekers from different industries and walks of life virtually converge for Denver Startup Week, many may [incorrectly] assume a lack of tech-driven experience may limit their attractiveness to tech startups. But, sometimes the most unconventional pairings – such as a technology company and a liberal arts major – can make for stellar partnerships.So many times, people look at technology companies and assume only those with a background or major in computer science or engineering get hired. That line of thinking is both incorrect and potentially detrimental for both the company and the jobseeker. Not only do tech-focused companies need skilled people in non-tech roles – think sales, marketing, client services, human resources – but hiring individuals with varied backgrounds, perspectives and personalities fosters creativity, growth and ingenuity.Let’s look specifically at why tech companies should seek out

  • Promontory MortgagePath lighthouse logo

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

2020-10-08T14:43:14+00:00July 27th, 2020|

Independent Bankers Association of Texas Announces Promontory MortgagePath as Its Newest Endorsed Service Provider Austin, Texas, July 27, 2020 — 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®. 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

  • Promontory MortgagePath lighthouse logo

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

2021-01-13T17:32:01+00:00October 21st, 2020|

Community Development Bankers Association Endorses Promontory MortgagePath’s Mortgage Fulfillment Services, POS Technology Danbury, Conn., October 21, 2020 — 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®. 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

  • Promontory MortgagePath lighthouse logo

Ohio Bankers League Endorses Promontory MortgagePath to Fuel Mortgage Delivery

2021-01-13T17:18:50+00:00May 21st, 2020|

Ohio Bankers League Endorses Promontory MortgagePath to Fuel Mortgage Delivery Ohio’s banks are signing on to deliver a digital loan experience that makes mortgage lending faster, simpler and more scalable for growth as their state association endorses services offered by Promontory MortgagePath. The Ohio Bankers League (OBL) officially endorsed Promontory MortgagePath’s (PMP) comprehensive mortgage fulfillment services and digital point-of-sale (POS) technology, Borrower Wallet®, the association announced. PMP’s tech-driven mortgage solutions are designed to help banks compete in the mortgage business more profitably, efficiently and compliantly while eliminating the fixed costs in their current mortgage model. “Ohio banks and thrifts are relentlessly focused on innovation and uncovering the best ways to increase efficiencies and meet customer demands,” said Mike Adelman, President & CEO of OBL. “At a moment in history where digital offerings and superior service are more urgently needed than ever, PMP stands out for its innovative technology,

  • Promontory MortgagePath lighthouse logo

Promontory MortgagePath Consolidates Family of Companies

2021-01-13T17:19:59+00:00January 8th, 2020|

Promontory MortgagePath Consolidates Family of Companies Promontory MortgagePath LLC has consolidated its family of companies into one entity with a singular focus on driving down the cost and time required to originate mortgages. The move blends three distinct teams with complementary skills and strengths, uniting Promontory Fulfillment Services LLC (PFS) and PromonTech LLC under their former parent-company banner — Promontory MortgagePath. Since their founding in 2015, the three companies have worked collaboratively to provide technology-driven mortgage fulfillment solutions — with PromonTech developing proprietary point-of-sale mortgage technology, PFS providing comprehensive third-party mortgage fulfillment services, and Promontory MortgagePath concentrating on leadership and strategy. Now, all functions will be unified as Promontory MortgagePath. “Integrating our powerhouse teams represents a strategic realignment of our mission to provide lenders with best-in-class, tech-enabled mortgage fulfillment services that improve borrower experience, ensure regulatory compliance and lower the cost of origination,” said Gene Ludwig, Promontory MortgagePath’s