National Mortgage Professional: AI Mortgage Platform Tidalwave Hires Two Mortgage Tech Execs

AI mortgage tech startup Tidalwave today announced two appointments, both coming from mortgage platform providers: John Stephenson and Frank Pastirchak. 

Stephenson, who has a record of driving lender adoption at scale, is now head of national sales at Tidalwave. He spent more than a decade at ICE Mortgage Technology, most recently as vice president, executive account leader.

“During my time at ICE Mortgage Technology I have been able to put my years of experience and knowledge of the mortgage industry to work, providing consultative client management and sales to many of our company's top clients and prospects,” Stephenson states in his LinkedIn profile.

Frank Pastirchak, now an account executive at Tidalwave, brings experience in SaaS sales and mortgage automation. He previously served as strategic account executive at homeownership platform SimpleNexus, which was acquired by nCino in January 2022. Most recently, Pastirchak was account executive, data intelligence at Crexi, a commercial real estate platform and marketplace. 

“Once I saw Tidalwave’s AI in action, I knew this was the real deal,” Pastirchak stated in a release. “Tidalwave’s AI transforms tasks that previously took days.”

The two hires come after Chris McLendon, also a former longtime ICE Mortgage Technology executive, joined Tidalwave as chief revenue officer, which Tidalwave says underscores its “strong appeal to top industry professionals eager to contribute to the AI-driven transformation in the mortgage sector.”

“Attracting mortgage industry veterans like John, Frank, and Chris demonstrates the strength of our vision and the progress we are making,” stated Diane Yu, CEO of Tidalwave. “Their decision to join Tidalwave reflects our commitment to building a modern, AI-first mortgage platform that addresses the real needs of lenders and borrowers.”

Tidalwave’s AI-powered point-of-sale (POS) platform integrates into lender operations, automating up to 70% of manual tasks such as document validation and compliance checks, according to the company. Tidalwave recently announced strategic partnerships with ICE Mortgage Technology as well as lending partners First Colony Mortgage and Mortgage Solutions.

Article link