Key facts
- Tidalwave is an AI platform for mortgage origination.
- Rebecca Frisbie and Zac Basile have been hired by Tidalwave.
- Frisbie and Basile are mortgage tech veterans.
- The hires support Tidalwave's expansion among large lenders.
- Tidalwave processed 26,000 applications in July.
- Tidalwave aims to handle 4% of U.S. originations by year-end.
Tidalwave, an AI platform focused on mortgage origination, has announced the hiring of two prominent figures from the mortgage technology sector, Rebecca Frisbie and Zac Basile. These new hires are intended to support the company's strategic expansion, particularly its efforts to serve large lending institutions. The company has demonstrated significant recent activity, having processed 26,000 mortgage applications in the month of July alone. Looking ahead, Tidalwave has set an aggressive target to capture 4% of the total U.S. mortgage originations by the conclusion of the current year. The addition of Frisbie and Basile, who bring extensive experience in mortgage technology, is expected to be instrumental in achieving these growth objectives and enhancing Tidalwave's capabilities for its institutional clients.