Optimal Blue names next CEO

Former ICE Mortgage Technology president chosen to lead company

Optimal Blue names next CEO

Optimal Blue has appointed former ICE Mortgage president Joe Tyrrell (pictured) as its new chief executive officer.

Tyrrell will replace Scott Smith, who served as interim CEO of Optimal Blue's parent company Constellation Software Inc. In addition to overseeing the CEO transition, Smith will continue supporting the success of the Optimal Blue business through his role in Constellation Software as president of Andromeda, the portfolio in which Optimal Blue operates.

“It was a priority to identify the right leader to support our investment in Optimal Blue and the long-term success of the business,” Smith said in the company’s media release. “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.”

Tyrrell steps into the new role with over 25 years of experience in the mortgage, finance, and technology industries. Before joining Optimal Blue, Tyrrell held several senior leadership positions, including president of ICE Mortgage Technology and chief operating officer at Ellie Mae. Most recently, he served as CEO of Medallia, a company focused on customer and employee experience.

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“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.”

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