New Cheval Acquires Surge, Names Jimmy Gillespie CEO

New Cheval Holdings has acquired Surge, a partner intelligence platform used by wholesale mortgage lenders, and appointed private equity and consulting veteran Jimmy Gillespie as CEO. The deal brings institutional ownership and board-level software expertise to a system that manages broker onboarding, compliance, and market intelligence.

Surge supports more than 10,000 active broker relationships through two integrated products: Partner 360 Alliance and Partner 360 Sales. Alliance covers broker and correspondent counterparty risk and onboarding, including e-signing, renewals, continuous licensing monitoring, and audit-ready reporting. Partner 360 Sales gives sales teams a live view of wholesale network production and competition, using NMLS-based market intelligence and loan officer-level production data.