Optimal Blue announced the appointment of Joe Tyrrell as CEO. Tyrrell succeeds interim CEO Scott Smith of Constellation Software Inc., Optimal Blue’s parent company.
Tyrrell brings over 25 years of experience in the mortgage, finance and technology industries to Optimal Blue. He previously served as president of ICE Mortgage Technology and chief operating officer of Ellie Mae, prior to its acquisition in 2020. Most recently, Tyrrell acted as the CEO of Medallia, a customer and employee experience company.
“I have always been attracted to companies that make their clients’ success their top priority, and that is especially true with Optimal Blue,” Tyrrell said. “For the past year and a half, I have been delivering innovation and real generative AI (artificial intelligence) 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.”
Smith will continue serving as president for Constellation Software’s Andromeda, the portfolio in which Optimal Blue operates. He will oversee the CEO transition and continue to support the success of Optimal Blue through his position.
“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. “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.”