Mortgage Technology Veteran Brings Passion for Customers and Innovation to the Leader in Comprehensive Capital Markets Technology

PLANO, Texas – June 10, 2024 – Optimal Blue today announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Optimal Blue’s parent company, Constellation Software Inc.

Tyrrell brings over 25 years of experience in the mortgage, finance, and technology industries to Optimal Blue. This includes serving as president of ICE Mortgage Technology, as well as in various leadership roles at Ellie Mae, including chief operating officer, prior to its acquisition in 2020. Most recently, Tyrrell served as the CEO of Medallia, a customer and employee experience company.

“I have always been attracted to companies that make their clients’ success their top priority, and that is especially true with Optimal Blue, the clear market leader in secondary marketing technology,” said Tyrrell. “For the past year and a half, I have been delivering innovation and real generative AI capabilities to the largest and most trusted consumer, health care, hospitality, financial services, and technology brands in the world, and I am excited to now bring those capabilities to Optimal Blue’s lenders and partners in an industry that I love.”

Smith will continue his role within Constellation Software, where he serves as president of Andromeda, the portfolio in which Optimal Blue operates. In addition to overseeing the CEO transition, Smith will continue supporting the success of the Optimal Blue business through his position.

“It was a priority to identify the right leader to support our investment in Optimal Blue and the long-term success of the business,” said Smith. “We’ve found that and more with Joe Tyrrell, who is passionate about client relationships and innovation – two tenets that have been core to Optimal Blue’s culture throughout its decades as a market leader. Joe’s extensive experience in this industry affords him a fundamental understanding of the needs and challenges lenders face and ways innovative technology and real-time data can solve them. Along with the other leaders within the Andromeda portfolio of Constellation Software, I look forward to continuing to support the success of Optimal Blue under Joe’s leadership.”

About Optimal Blue

Optimal Blue effectively bridges the primary and secondary mortgage markets to deliver the industry’s only end-to-end capital markets platform. The company helps lenders of all sizes and scopes operate profitably and efficiently so they can fulfill the momentous role of helping American borrowers achieve the dream of homeownership, regardless of market dynamics. Through innovative technology, a network of interconnectivity, rich data insights, and expertise gathered over more than 20 years, Optimal Blue is an experienced partner that allows lenders to optimize their advantage from pricing accuracy to margin protection, and every step in between. To learn more, visit OptimalBlue.com.

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Media Contact
Olivia DeLancey, Optimal Blue
904.854.5459
Olivia.DeLancey@OptimalBlue.com

PLANO, Texas – March 1, 2024 – Today, Optimal Blue announced its vice president of finance, Mike Schommer, has been honored as a 2024 HousingWire Finance Leader. The award program celebrates senior finance executives who have exhibited exceptional leadership in corporate finance, capital markets, and accounting within the mortgage and real estate sectors.

Schommer is a veteran financial professional with over 30 years of experience operating in the housing finance industry. His significant contributions to Optimal Blue include leading the company’s spin-off from Intercontinental Exchange (ICE) and constructing a best-in-class financial planning and analysis function. Schommer’s proficiency in managing third-party audit relationships and his skill in engaging with the investment community have set him apart as a leader in his field. A valued member of Optimal Blue’s executive team, Schommer is relied on as a steady source of advice and counsel.

“Mike Schommer’s impact on Optimal Blue cannot be overstated. His strategic financial management, coupled with his unwavering dedication to our team and values, has been a driving force behind our success,” said Optimal Blue interim CEO Scott Smith. “This recognition by HousingWire is a testament to his hard work, expertise and leadership. We are incredibly proud to have Mike as part of our executive team and are excited to see his continued influence on our growth and innovation.”

“Even the best business operators, innovators and entrepreneurs have no chance at winning or growing without creative, diligent and strategic financial management and execution,” said Clayton Collins, CEO of HW Media. “The executives recognized in the 2024 HousingWire Finance Leaders program represent the strategic finance leaders that unlock and empower progress. They navigate capital markets, execute strategic growth initiatives and facilitate accretive M&A deals. The 2024 Finance Leaders exemplify excellence.”

About Optimal Blue

Optimal Blue is a market leader in mortgage secondary marketing technology. The company facilitates transactions among mortgage market participants through its Marketplace Platform, actionable data, and technology vendor connections. The platform supports a range of functions for originators and investors to automate and optimize core processes related to product, pricing, and eligibility, hedge analytics, MSR valuation, loan trading, social media compliance, and counterparty oversight. The company’s premier products are used by 68% of the top 500 mortgage lenders in the U.S. For more information on Optimal Blue’s end-to-end secondary marketing automation, visit OptimalBlue.com.

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Media contact:
Olivia DeLancey
904.854.5459
Olivia.DeLancey@OptimalBlue.com