“Jason was instrumental in CertiK’s development, and I really feel so lucky and blessed that he’s joined me at Tidalwave,” founder and CEO Diane Yu informed HousingWire. “He invested earlier than we even had a product. And once I informed him that the corporate is scaling, he mentioned, ‘Let’s work collectively and make this occur.”
Yu mentioned that she and Cao are partnering carefully to steer the corporate’s upscaling efforts, and that his new function consists of oversight of day-to-day operations and operating the corporate’s monetary mannequin.
Cao confirmed that his first day was on the finish of October.
“I’ve identified Diane for fairly a very long time. … I consider in Diane’s imaginative and prescient, her functionality and her group. In order that’s why I invested within the firm earlier. However that wasn’t sufficient [for me], so I’m right here,” he mentioned.
Tidalwave‘s addition of Cao to the group builds upon its latest hirings, together with former Intercontinental Trade executives Chris McLendon (chief income officer) and John Stephenson (head of nationwide gross sales), in addition to Frank Pastircha, a former nCino and Reggora government.
The corporate has additionally introduced on mortgage tech operators Ivón Vazquez, who constructed the Encompass and SimpleNexus methods, and Shelby Huster, a veteran guide at Ellie Mae.
“We’re at about 40 individuals proper now, and we’re going to develop to be the subsequent unicorn,” Yu added.
Late in the summertime, Tidalwave additionally introduced a partnership with NEXA Lending that offers NEXA’s 3,200-plus brokers entry to Tidalwave’s platform.
Tidalwave — which integrates with Plaid, Argyle, Truv and ICE Mortgage Expertise to automate revenue, employment and asset verification — has additionally partnered with First Colony Mortgage.
