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.
“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.”
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