Optimal Blue recently announced
the promotion of Rick Allen, with his 35 years of housing industry experience,
to chief operating officer (COO).
Allen most recently has served
as Optimal Blue’s chief administrative officer and has played an integral role
in the company’s enhancement and delivery of products to add exceptional value
to the company’s clients, according to a press release.
In his new role as COO, Allen
will provide greater operational oversight across all areas of the company,
including opportunities to enhance efficiencies and streamline execution.
“Our clients have long relied
on our technology and data to operate profitably and efficiently, and our
ability to serve them has always come from our own ability to operate with
agility,” Allen said. “It’s a privilege to step into this role and assume
executive oversight of Optimal Blue’s operations so we can continue delivering
the highest quality products and services to our customers and partners.”
Prior to joining Optimal Blue
in 2017 as vice president of business strategy, Allen built his decades of
experience across both the lending and vendor sides of the housing industry.
This included roles in client services and product management at Mortgagebot,
as well as a position as vice president of mortgage lending at the company now
known as TD Bank.
“Optimal Blue is laser-focused
on the most meaningful initiatives that deliver the best value and ROI to
clients – especially in dynamic market conditions,” said interim Optimal Blue
CEO Scott Smith, who is also president of Andromeda, Constellation Software
Inc. “Rick has been a respected leader at Optimal Blue for many years, and his
promotion to COO allows him to lend even more of his expertise across all
operational areas and product solutions in ways that underscore our commitment
to our customers. This is a true ‘win’ for our business and clients alike.”