DANBURY, Conn., Nov. 17, 2021 (SEND2PRESS InformationWIRE) — Promontory MortgagePath LLC, A quantity one supplier of full digital mortgage and achievement options, introduced right now its Founder and CEO Gene Ludwig was named Definitely one of many prime know-how executives by the Northern Virginia Technology Council (NVTC) as An factor of its annual NVTC Tech 100 awards. Ludwig was acknowledged for his profession-prolonged efforts To deal with financial inequality by way of enhanced entry to know-how and a extra fulsome understanding of the financial realities dealing with People right now.
“Whereas our nation continues to adapt to our new regular of dwelling all by way of A worldwide pandemic, I am joyful that Virginia continues to be A quantity one tech hub of flourishing companies and profession alternatives. I am proud to announce that Gene Ludwig is a 2021 NVTC Tech 100 honoree. He is a key contrihoweveror To creating our area a vibrant and inclusive place to stay, work and study,” said Jennifer Taylor, president and CEO of NVTC.
Beneath Ludwig’s course, Promontory MortgagePath introduced an initiative in October 2020 to assist minority depository institutions (MDIs) and group enhancement monetary institutions (CDFIs) efforts To assist these institutions overcome the steep obstacles to entry in offering mortgages and increase entry to credit rating and homeownership in underserved communities. Whereas nonetheless Inside the early levels of rollout, Promontory MortgagePath’s MDI initiative has already yielded vital outcomes for its preliminary individuals, with one institution On goal to increase its mortgage operations into 4 further markets Contained in the primary yr of launch.
“I’m honored to be included Inside the NVTC Tech 100,” Ludwig said. “Enhancing entry to monetary useful assets for all People has been Definitely one of many driving forces of my profession, and in right now’s digitally pushed environment, know-how has Discover your self to be The good equalizer in addressing the financial disparities Which have plagued underserved communities, notably these of colour.”
As managing companion of enterprise capital agency Canapi Ventures, Ludwig informations the agency’s strategic funding in early to progress-stage fintech corporations with The final phrase objective of giving native bankers entry to In all probability the most revolutionary utilized sciences out there right now To reinforce the destayry Of monetary providers to their communities.
In 2019, Gene based the Ludwig Institute for Shared Economic Prosperity (LISEP). Its evaluation consists of new financial indicators For every unemployment, issued month-to-month, and earnings, issued quarterly. These statistics purpose To current coveragemakers and The general public with a extra clear view into the financial state of affairs of all People as in contrast with traditionally relied upon metrics. LISEP furtherly seeks to information and assist coverage initiatives that enhance alternatives for struggling People.
“By offering a extra reaitemizingic view Of usa residents’ financial struggles, we Might be extra surgical and particular Inside the options we apply To deal with these challenges,” Ludwig added.
Per the NVTC’s announcement relating to the awards, “This yr’s program attracted 130 nominations throughout three award packages: Firm, Authorities and NextGen Chief…The final NVTC Tech 100 Award itemizing consists of 64 tech corporations, 33 executives, and three rising leaders — every persistently demonstrating dedication, imaginative and prescient and innovation.”
Regarding the Northern Virginia Technology Council
The Northern Virginia Technology Council (NVTC) is the commerce affiliation recurrenting the nationwide capital area’s know-how group. As Definitely one of many nation’s largest know-how councils, NVTC serves corporations from all sectors of the enterprise, from small companies and startups to Fortune 100 know-how corporations, As properly as …….