Gene Ludwig is widely recognized as a visionary thinker on the critical issues confronting financial services.
A former federal regulator and banker, Ludwig served as U.S. Comptroller of the Currency under former President Bill Clinton before becoming vice chairman and senior control officer of Bankers Trust/Deutsche Bank. Ludwig channeled his banking regulation, risk management and fiscal policy expertise into establishing Promontory Financial Group and Promontory Interfinancial Network, making the Promontory name synonymous with excellence in compliance and risk management and resolving financial companies’ most-pressing challenges.
Ludwig brought the same visionary leadership and dedication to bettering the financial services industry to the mortgage industry when founding Promontory MortgagePath in 2015. To date, Ludwig has helped PMP earn key endorsements for its technology and fulfillment services from several national and regional trade groups, most recently including Georgia Bankers Association in January 2020, Ohio Bankers League in May 2020, and Independent Bankers Association of Texas in July 2020.
In addition to these endorsements, Ludwig’s leadership and direction have resulted in significant company growth and client success, which include adding more than 30 employees over the last year, with growth across all departments and locations; establishing a second fulfillment center in Denver to support PMP’s growing client base; successfully onboarding new clients during the COVID-19 pandemic; scaling mortgage operations for existing clients to manage double-digit increases in volume during the current mortgage/refinance boom, increasing PMP client pull-through rate by 30% and reducing investor delivery cycle times for PMP’s clients by 60%.
What one habit has made a crucial difference in your success?
Hard work. In my case, such success as I have had is attributable to horsepower more than brain power. I would also add the rest of the recipe: Treat others as you would be treated. Take a little less and give a little more. And no compromise on integrity.