Former ICE Mortgage exec Joe Tyrrell named Ideal Blue CEO

Joe Tyrrell, the earlier president of ICE Property finance mortgage Technological know-how, is getting in extra of as CEO of Optimal Blue, changing interim CEO Scott Smith.

To acquire Federal Trade Fee approval for Intercontinental Exchange to obtain Ideal Blue’s earlier mom or father Black Knight, the product and pricing motor wished to be provided. It was in the midst of that approval strategy that Tyrrell nonetheless left ICE Property finance mortgage Technology.

Optimal Blue is now owned by Constellation Computer software program. Smith is and can proceed to be president of Andromeda, the Constellation portfolio gadget that Optimum Blue is a portion of.

(In a separate transaction additionally carried out to satisfy regulatory issues, Constellation obtained the origination engineering firm of Black Knight, which has now been rebranded as Darkish Subject.)

“It was a priority to determine the suitable chief to help our funding determination in Exceptional Blue and the very long-expression success of the enterprise,” reported Smith in a push launch. “We have recognized that and far more with Joe Tyrrell, who’s captivated with shopper associations and innovation – two tenets which were core to Ideal Blue’s society all by its many years as a market place chief.”

Tyrrell can be becoming a member of Optimal Blue as ICE Mortgage mortgage Technological know-how is desirous to be a extra sturdy rival in its enterprise part by producing investments into the native merchandise and pricing engine within the Encompass financial institution mortgage origination process.

Tyrrell was a lengthy-time Ellie Mae authorities who moved into the president’s profession at ICE Home finance mortgage Technological know-how quickly after these organizations have been blended in September 2020 and former Ellie Mae CEO Jonathan Corr retired.

Just after leaving ICE Home finance mortgage Technological know-how in March 2023, Tyrrell grew to turn out to be the CEO of Medallia, a consumer and employee data enterprise. Medallia is owned by Thoma Bravo, which acquired Ellie Mae in February 2019 previous to promoting it to Intercontinental Exchange.

“I’ve typically been captivated to corporations that make their shoppers’ good outcomes their prime priority, and that’s particularly legit with Optimal Blue,” talked about Tyrrell in a push launch. “For the previous calendar 12 months and a fifty p.c, I’ve been delivering innovation and real generative AI skills to the premier and most trusted shopper, wellness care, hospitality, financial providers, and applied sciences model names within the earth, and I’m excited to now present these folks skills to Exceptional Blue’s collectors and associates in an subject that I really like.”

Tyrrell rejoined Ellie Mae in 2010, in the end getting chief working officer, simply after an preliminary stint on the mortgage mortgage know-how group amongst 2001 and 2005.

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