Startup

IDS Inks Preferred Partnership Agreement with Promontory MortgagePath

2021-02-05T16:03:18+00:00December 8th, 2020|

IDS Inks Preferred Partnership Agreement with Promontory MortgagePath Salt Lake City, Utah, January 22, 2021 — Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today it is fully integrated with Promontory MortgagePath LLC, a leading provider of comprehensive digital mortgage and tech-driven fulfillment solutions, as part of a preferred partnership agreement signed with Promontory MortgagePath earlier this year. The partnership includes the migration of Promontory MortgagePath’s client base to IDS’ flagship document preparation platform idsDoc, which is recognized for unequalled customization and superior customer service. Throughout the implementation process, Promontory MortgagePath and IDS worked to meticulously test and prepare for Promontory MortgagePath’s lender-client needs, including common loan and document types and likely use scenarios, thus enabling Promontory MortgagePath to further support its clients with customizable document preparation services. “IDS is honored to be one of the vendors Promontory MortgagePath has chosen to help provide its client

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

2021-04-05T23:57:10+00:00April 1st, 2021|

Promontory MortgagePath Named One of the Best Places to Work in Financial Technology Danbury, Conn., April 1, 2021 — 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.”

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

2021-03-04T16:57:53+00:00March 4th, 2021|

Promontory MortgagePath Wins Spot on HousingWire’s 2021 Tech100 List of Most Innovative Mortgage Tech Companies Danbury, Conn., March 4, 2021 — 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

Promontory MortgagePath Appoints Savita Ilango as Chief Financial Officer

2021-02-26T04:47:10+00:00February 11th, 2021|

Promontory MortgagePath Appoints Savita Ilango as Chief Financial Officer Danbury, Conn., February 11, 2021 — 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

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

2021-02-05T16:02:49+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

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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

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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