Latest news with #Tidalwave
Yahoo
21-07-2025
- Business
- Yahoo
AI Mortgage Innovator Tidalwave Bolsters Team with Key Industry Hires from ICE and nCino
The news follows the appointment of former ICE executive Chris McLendon as Chief Revenue Officer and new strategic partnerships with ICE Mortgage Technology and lenders NEW YORK, July 21, 2025--(BUSINESS WIRE)--Tidalwave, an agentic AI mortgage technology startup integrated with Fannie Mae and Freddie Mac, continues to gain momentum, drawing leading mortgage veterans to its rapidly growing team. The company today announced the two high-profile executive appointments, signaling its rapid momentum in reshaping mortgage technology. John Stephenson, former relationship manager and sales executive at ICE Mortgage Technology, joins as Head of National Sales, bringing deep industry expertise and a proven track record in driving lender adoption at scale. Frank Pastirchak, a veteran of nCino and Reggora, joins as Account Executive, further strengthening the company's go-to-market team with his experience in SaaS sales and mortgage automation. These notable hires come on the heels of Chris McLendon, a former ICE executive, joining Tidalwave as Chief Revenue Officer, underscoring Tidalwave's strong appeal to top industry professionals eager to contribute to the AI-driven transformation in the mortgage sector. These recent talent acquisitions follow Tidalwave's announcement of strategic partnerships with Intercontinental Exchange (ICE) Mortgage Technology, a leading mortgage technology provider, as well as lending partners First Colony Mortgage (FCM) and Mortgage Solutions. These partnerships enable direct integration of Tidalwave's AI-powered Point of Sale (POS+) platform into lender operations, automating up to 70% of manual tasks—such as document validation and compliance checks—and freeing staff to focus on higher-value work. "Attracting mortgage industry veterans like John, Frank, and Chris demonstrates the strength of our vision and the progress we are making," said Diane Yu, CEO of Tidalwave. "Their decision to join Tidalwave reflects our commitment to building a modern, AI-first mortgage platform that addresses the real needs of lenders and borrowers." Tidalwave's AI platform is built around an ecosystem of industry-leading partners, enabling deep automation across the mortgage process. By integrating directly with the mortgage industry's primary automated underwriting systems— Fannie Mae's Desktop Underwriter® (DU) and Freddie Mac's Loan Product Advisor® (LPA℠) —Tidalwave allows lenders to access both systems simultaneously for instant pre-approvals and real-time loan risk assessments, ensuring comprehensive data validation and document compliance. Strategic partnerships with fintech innovators such as Plaid, Argyle, and Truv embed real-time income, employment, and asset verification directly into the borrower application experience, streamlining the process from the start. "By automating operations, improving compliance, and delivering a faster mortgage experience, Tidalwave empowers lenders to scale effectively while significantly enhancing their operational efficiency and profitability," said John Stephenson, Head of National Sales. "After many years at established mortgage technology firms, I am excited to join a company that is genuinely innovating. Tidalwave is setting a new standard for what's possible in mortgage technology." "Once I saw Tidalwave's AI in action, I knew this was the real deal. Tidalwave's SOLO™ transforms tasks that previously took days—like letters of explanation (documents borrowers provide to clarify credit or income issues) or document collection—into processes completed in minutes, shrinking overall loan processing times from weeks to days," said Frank Pastirchak. For more information, please visit About: Tidalwave is an agentic AI company solving critical inefficiencies in the mortgage process. Our platform is engineered to make homeownership faster, more affordable, and more accessible for all parties by replacing outdated systems with intelligent automation and direct integrations with Fannie Mae and Freddie Mac. Tidalwave also provides AI-powered guidance to help Spanish-speaking borrowers navigate the complex loan process, offering instant support and clarification on mortgage terminology and requirements. For more information, please visit View source version on Contacts Tanya Gillogley, tgillogley@
Yahoo
02-07-2025
- Business
- Yahoo
Truv and Tidalwave Announce Point-of-Sale Integration to Streamline Mortgage Application Verification Process
Partnership delivers instant income, employment and asset verifications at the initial point of mortgage application, accelerating pre-approvals and enhancing borrower experience NEW YORK, July 2, 2025 /PRNewswire/ -- Truv, the market's leading provider of direct-to-source income, employment, and asset verifications, announced a strategic integration with Tidalwave, an innovative mortgage point-of-sale platform. The partnership embeds Truv's advanced verification capabilities directly into Tidalwave's mortgage application flow, creating a seamless verification process that significantly reduces pre-approval times and improves conversion rates for mortgage lenders. "Our integration with Tidalwave represents a significant advancement in mortgage application technology," said Kirill Klokov, CEO of Truv. "By providing instant access to real-time income, employment, and asset data at the initial point of application, we're helping lenders make faster, more confident pre-approval decisions while dramatically improving the borrower experience." The integration delivers substantial benefits to mortgage lenders and borrowers alike: Increase Automation: Embed Truv VOIE & VOA directly in the loan application to improve conversion and alleviate manual burden Accelerated Pre-Approval Process: Direct-to-source verification data at the point of application accelerates lending decisions Enhanced Borrower Experience: Minimize document collection and paperwork friction during the initial application Reduced Application Abandonment: Streamlining the verification process significantly improves application completion rates Significant Cost Savings: Lenders using Truv save 60-80% on verification costs compared to traditional solutions Diane Yu, CEO of Tidalwave, commented, "This partnership with Truv aligns perfectly with our mission to modernize the mortgage application process through technology. The integration provides our lender clients with instant access to critical verification data at the earliest point of borrower engagement, eliminating friction while ensuring compliance and accuracy." Truv's verification solution is available immediately through the integration, empowering mortgage lenders to improve the verification workflow directly at the point of sale in Tidalwave. About Truv Truv provides real-time income, employment, and asset verification solutions that help lenders make more informed decisions while reducing friction in the loan application process. Through secure, consumer-permissioned access to payroll data, Truv offers comprehensive coverage across 96% of the US workforce and 2.3M+ employers nationwide and 2.3M+ employers nationwide. With real-time, consumer-permissioned access to financial accounts, Truv leads the market in coverage with connectivity to 13,000+ financial institutions. About Tidalwave Tidalwave is an agentic AI startup streamlining the mortgage process for both lenders and borrowers. Tidalwave is integrated with both Fannie Mae and Freddie Mac, solving critical inefficiencies in the mortgage process for both borrowers and lenders by leveraging AI to reduce costs, improve accessibility, and accelerate approvals. Tidalwave addresses the outdated, manual-heavy mortgage process by making it faster, more affordable, and accessible for all parties involved. Media Contacts: TruvEmail: Tidalwave:Email: tgillogley@ View original content to download multimedia: SOURCE TRUV
Yahoo
04-06-2025
- Business
- Yahoo
'Non-binary fish' and 'shop closure'
Here's our daily pick of stories from across local websites in the West of England, and interesting content from social media. A tour of Bristol Aquarium's non-binary fish, which it promoted as showcasing "the vibrant diversity" of marine life in June, which is Pride month, is spotlighted in the Spectator, albeit being criticised for comparing humans to fish. Somerset Live is reminding people they have 10 weeks left to have their say on how the electoral map could be withdrawn for the 2027 local elections. Another shop in a seaside town has closed, according to Thyers Fishing Tackle shut its doors at the end of May after 26 years in Burnham. A school in Cheltenham that offers dog grooming and animal care among its subjects has retained its "outstanding" Ofsted status, Gloucestershire Live reports. Pupils at Belmont School "love learning a breadth of subjects," inspectors said. Builder turned home into 'junkyard', jury told Cheese-rolling champion finally awarded missing prize 'Tidal wave' of kittens and film crew in town First West has launched its electrified bus depot in Hengrove in Bristol, saying more buses are on the way. Swindon Borough Council warns it has been hit by a scam. A fraudster posing as a member of its licencing team has been asking residents for money to renew applications. Dinosaurs will be taking over Gloucester's Kings Square and the Cathedral Quarter this weekend. Dubbed the Dino-ROAR weekend, it has been organised by the Gloucester Business Improvement District. Follow BBC West social channels in Bristol, Gloucestershire, Somerset and Wiltshire. Send your story ideas to us on email or via WhatsApp on 0800 313 4630.
Yahoo
04-06-2025
- Business
- Yahoo
'Non-binary fish' and 'shop closure'
Here's our daily pick of stories from across local websites in the West of England, and interesting content from social media. A tour of Bristol Aquarium's non-binary fish, which it promoted as showcasing "the vibrant diversity" of marine life in June, which is Pride month, is spotlighted in the Spectator, albeit being criticised for comparing humans to fish. Somerset Live is reminding people they have 10 weeks left to have their say on how the electoral map could be withdrawn for the 2027 local elections. Another shop in a seaside town has closed, according to Thyers Fishing Tackle shut its doors at the end of May after 26 years in Burnham. A school in Cheltenham that offers dog grooming and animal care among its subjects has retained its "outstanding" Ofsted status, Gloucestershire Live reports. Pupils at Belmont School "love learning a breadth of subjects," inspectors said. Builder turned home into 'junkyard', jury told Cheese-rolling champion finally awarded missing prize 'Tidal wave' of kittens and film crew in town First West has launched its electrified bus depot in Hengrove in Bristol, saying more buses are on the way. Swindon Borough Council warns it has been hit by a scam. A fraudster posing as a member of its licencing team has been asking residents for money to renew applications. Dinosaurs will be taking over Gloucester's Kings Square and the Cathedral Quarter this weekend. Dubbed the Dino-ROAR weekend, it has been organised by the Gloucester Business Improvement District. Follow BBC West social channels in Bristol, Gloucestershire, Somerset and Wiltshire. Send your story ideas to us on email or via WhatsApp on 0800 313 4630.
Business Wire
13-05-2025
- Business
- Business Wire
Agentic AI Mortgage Startup Tidalwave Partners with First Colony Mortgage and Mortgage Solutions
NEW YORK--(BUSINESS WIRE)-- Tidalwave, a leading agentic AI mortgage startup, today announced strategic partnerships with First Colony Mortgage (FCM) and Mortgage Solutions to enhance the mortgage process through AI technology. These collaborations aim to improve efficiency for loan officers and deliver a seamless experience for borrowers. Agentic AI Mortgage Startup Tidalwave Partners with First Colony Mortgage and Mortgage Solutions. News comes on the heels of Tidalwave's recent integration with Intercontinental Exchange (ICE) Mortgage Technology through the Encompass Partner Connect API. Through these partnerships, First Colony Mortgage and Mortgage Solutions will integrate Tidalwave's AI-powered Point of Sale (POS) system to bring transformative benefits to their operations, including: Immediate Pre-Approval: Tidalwave's integrations with Freddie Mac's Loan Product Advisor® (LPA℠) and Fannie Mae's Desktop Underwriter® (DU®) enables instant loan risk assessment, accelerating the approval process. Task Automation for Loan Officers and Underwriters: By leveraging tools like Plaid, Argyle and TRUV, Tidalwave automates income validation, employment verification, and tax form transcription, freeing up loan officers to focus on closing more loans. Cost Reduction Through Automation: With average loan origination costs exceeding $10,000 and lenders losing $645 per loan due to inefficiencies, Tidalwave's automation of manual tasks such as income verification and compliance checks significantly lowers expenses. AI Multilingual Support: Addressing language barriers faced by nearly 23% of Hispanic Americans in the mortgage process, Tidalwave's Spanish-language integration supports borrowers in their native language, reducing misunderstandings and the need for costly translators. Tidalwave's AI-driven approach tackles longstanding inefficiencies in the mortgage industry, where the average file spans 500 pages and takes approximately 45 days to process. The reliance on disjointed tools often requires human intervention, leading to errors, delays, and financial losses for lenders. By automating underwriting and other manual tasks, Tidalwave's platform reduces processing times and costs, aligning with findings from Freddie Mac that digital tools can cut origination costs by $1,500, or 14%, while improving profitability. Additionally, Tidalwave streamlines workflows by minimizing human involvement in repetitive tasks, enabling loan officers, processors, and underwriters to prioritize high-value activities and handle more files daily. By partnering with forward-thinking lenders like First Colony Mortgage and Mortgage Solutions, Tidalwave extends its AI capabilities to a broader audience of mortgage seekers, revolutionizing the borrower experience and enhancing operational efficiency. 'For nearly 40 years, First Colony Mortgage has been committed to making homeownership accessible to more Americans,' said Corey Shelley, Owner and Chairman of First Colony Mortgage. 'Partnering with Tidalwave represents a bold step forward in that mission. We're embracing cutting-edge technology to stay ahead, and we're excited to showcase our tech-forward approach to grow our business, recruit top talent, and inspire other mortgage companies to innovate with us.' Diane Yu, CEO and Co-founder of Tidalwave, added, 'We work with visionary lenders like First Colony Mortgage and Mortgage Solutions who are ready to unlearn outdated processes and embrace innovation. These partnerships are about building momentum-lenders are quickly adopting Tidalwave's solutions to redefine how mortgages are originated. We chose FCM for their respected leadership in Utah and their drive to push boundaries, with Corey becoming one of our strongest advocates. Similarly, Mortgage Solutions shares our commitment to efficiency and borrower satisfaction.' This announcement builds on Tidalwave's recent integration with Intercontinental Exchange (ICE) Mortgage Technology through the Encompass Partner Connect API framework, which has expanded access to its AI tools across the industry. The partnerships with First Colony Mortgage and Mortgage Solutions represent a key milestone in Tidalwave's mission to simplify the mortgage journey with agentic AI, real-time borrower interaction, and seamless integrations with leading platforms like Fannie Mae's DU® and Freddie Mac's LPA. 'We are thrilled to partner with Tidalwave and integrate their cutting-edge AI technology into our mortgage processes,' said Robert Clennan, President, Mortgage Solutions. 'By leveraging Tidalwave's AI, we can offer real-time borrower engagement, automate repetitive tasks, and provide multilingual support, significantly streamlining operations for our loan officers and enhancing the experience for our customers. This integration is particularly impactful for VA loans, which we handle in large volumes and often involve added complexity. Tidalwave's AI will help simplify these intricate processes, ensuring greater efficiency and accuracy for our veteran clients.' For more information, please visit About Tidalwave Tidalwave is an agentic AI mortgage platform revolutionizing the industry by addressing high costs, lengthy timelines, and accessibility challenges. As the first generative AI application for mortgage seekers and lenders, it streamlines underwriting, reduces inefficiencies, and accelerates approvals. Its flagship product, SOLO™, integrates with Fannie Mae and Freddie Mac systems to handle pre-approvals and aims to cover the entire mortgage process. For more information, visit About First Colony Mortgage First Colony Mortgage Corporation, founded in 1984, is one of the fastest-growing mortgage banks in the nation, offering comprehensive lending services through its expert team and extensive builder relationships. Based in Utah, FCM is committed to making homeownership accessible and sustainable. For more information, visit About Mortgage Solutions Mortgage Solutions is a dedicated mortgage lender focused on delivering efficient and borrower-centric lending services. Committed to embracing innovative technologies, Mortgage Solutions aims to enhance the mortgage experience for clients and staff alike. For more information, visit
