New Cheval Holdings acquires Surge, appoints Gillespie as CEO
Briefly

New Cheval Holdings acquires Surge, appoints Gillespie as CEO
"Surge serves wholesale lenders through two integrated products, Partner 360 Alliance and Partner 360 Sales. Alliance manages broker and correspondent counterparty risk and onboarding for licensed and nonlicensed partners, from application and e-signing through renewals, continuous licensing monitoring and audit-ready reporting."
"Surge has helped us go from entering data to actually using it, Pavle Lozevski, senior sales force technical lead at V.I.P. Mortgage said in a statement."
"Surge was built to solve a real problem for wholesale lenders and the team delivered a platform that does exactly that, Hawkins said. I'm proud of what we built and confident it's in the right hands."
Jimmy Gillespie has been appointed CEO of Surge, tasked with strengthening customer relationships and accelerating growth. He replaces the founder-led management as Surge enters a new expansion phase. Surge offers two integrated products, Partner 360 Alliance and Partner 360 Sales, which support over 10,000 active broker relationships. The platform has maintained a perfect compliance audit record. Co-founder Matt Hawkins emphasized the company's mission to address challenges in wholesale lender-broker relationships, while David Casti continues as chief operating officer.
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