PromonTech is part of The Promontory MortgagePath family of companies which was founded by a team of experienced mortgage professionals including Gene Ludwig, former head of the U.S. Office of the Comptroller of the Currency. Promontory MortgagePath is led by Bruce Witherell, who was Chief Operating Officer of Freddie Mac and CEO of several lending platforms both in the US and abroad. PromonTech is led by Chief Technology Officer Michael Kolbrener and is based in Denver, Colorado, a mile high in the western US.
PromonTech has a vision of a mortgage industry that is transparent, effcient and understandable for all: borrowers, lenders, regulators, and investors. They see a future where mortgage data can be traced to its source at any point, from origination through securitization. They’re creating that future right now, with technology that lenders and consumers can use collaboratively, using accessible, auditable and accurate loan transaction data.
One of the biggest challenges for PromonTech has been the transition to a CQRS mentality for the development team.
“It requires somewhat of a remap of your brain to read side/write side, especially if you are used to thinking in layers”.