Optimal Blue Promotes Former Chief Administrative Officer to COO

Optimal Blue has announced the promotion of Rick Allen to Chief Operating Officer (COO). Allen, who most recently served as Optimal Blue’s Chief Administrative Officer, adds over 35 years of housing industry experience to his senior leadership position.

Throughout his time at Optimal Blue, Allen has been instrumental in the development and execution of solutions that provide outstanding value to the company’s clients. His new role as COO will include broader operational oversight across all parts of the organization, including chances to improve efficiency and streamline execution.

Rick Allen

“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 VP of Business Strategy, Allen gained decades of experience in both the lending and vendor sides of the housing sector. This included positions in client services and product management at Mortgagebot, as well as VP of Mortgage Lending at what is 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 Scott Smith, Interim CEO of Optimal Blue and 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.”

To read the full release, click here.

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Demetria C. Lester

Demetria C. Lester is a reporter for MortgagePoint (formerly DS News and MReport) with more than eight years of writing and editing experience. She has served as content coordinator and copy editor for the Los Angeles Daily News and the Orange County Register, in addition to 11 other Southern California publications. A former editor-in-chief at Northlake College and staff writer at her alma mater, the University of Texas at Arlington, she has covered events such as the Byron Nelson and Pac-12 Conferences, progressing into her freelance work with the Dallas Wings and D Magazine. Currently located in Dallas, Texas, Lester is a jazz aficionado, Harry Potter fanatic, and likes to read. She can be reached at demetria.lester@thefivestar.com.
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