Articles from Polly

Polly, the leading provider of innovative enterprise technology and artificial intelligence for mortgage capital markets, continues to redefine industry standards, including the loan officer (LO) experience in its next-generation product, pricing, and eligibility (PPE) engine. Bolstered by Polly/™ AI, which leverages state-of-the-art AI/ML algorithms and Polly's proprietary technology, data, and analytics, these enhancements further the best-in-class flexibility, automation, and real-time decision-making available to loan officers and mortgage brokers.

Polly, the leading provider of innovative enterprise technology and artificial intelligence for mortgage capital markets, unveils the impressive productivity gains wholesale mortgage company ResiCentral and national mortgage lender New American Funding (NAF) are seeing from its novel AI platform, Polly/™ AI. Powered by state-of-the-art AI/ML algorithms and Polly's proprietary technology and data, the platform is embedded directly within Polly's next-generation, commercially scalable product, pricing, and eligibility (PPE) engine.

Polly, the leading provider of innovative mortgage capital markets technology, today introduced American Financial Resources, LLC (AFR) as the latest adopter of its cloud-native technology and high-performance product and pricing engine (PPE). AFR selected Polly to support strong strategic growth ambitions, increase revenue on each loan, and decrease the cost of origination, while maintaining a hyper focus on the borrower experience. Executives cite Polly's granularity, functional depth, and versatility—combined with an unrivaled pace of innovation—as key drivers in their decision.

Polly, the leading provider of innovative mortgage capital markets technology and operator of the industry's first and only cloud-native, commercially scalable, product and pricing engine (PPE), announced today the continued expansion of its groundbreaking AI platform, Polly/™ AI. The introduction of sophisticated near-miss eligibility, near-miss pricing, and suggestion actions further empowers leading lenders and their loan officers (LOs) and mortgage brokers to differentiate themselves amid an increasingly competitive market, and ultimately, deliver a better experience to consumers.

Polly, the leading provider of innovative mortgage capital markets technology and operator of the industry's first cloud-native, commercially scalable product and pricing engine (PPE), today announced $25M in new growth equity capital. Led by 8VC with participation from other existing investors—including Menlo Ventures, Meritech, Khosla Ventures, and Fifth Wall—this capital investment will further accelerate Polly's rapid growth and enable an even deeper investment in R&D, product innovation, and expansion. The investment comes on the heels of Polly's continued momentum and market leadership. This calendar year alone, Polly increased lock volume by well over 150% and has more than doubled its customer partner base to include many more of the country's top and most notable banks, credit unions, and mortgage lenders.

Polly, the leading provider of innovative mortgage capital markets technology and operator of the industry's first cloud-native, commercially scalable product and pricing engine (PPE), today announced its latest API integration with nCino (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry. This bi-directional integration pairs Polly's vanguard pricing engine with nCino's Mortgage Suite point of sale (POS) solution, providing lenders and loan officers (LOs) with ultimate motility and additional opportunities to attract, engage, and strengthen referral relationships. The multi-phase integration already provides the ability to run Polly pricing searches for loans and loan applications within the nCino Mortgage Suite web experience, and enhanced functionality for locking via web as well as mobile pricing and locking are underway.

Polly, the leading provider of innovative mortgage capital markets technology and operator of the industry's first cloud‑native, commercially scalable Product and Pricing Engine (PPE), today introduced All Western Mortgage as the latest adopter of its next-generation PPE. As the largest privately owned mortgage bank in the state of Nevada, All Western Mortgage is licensed in 28 states and has been committed to serving the needs of borrowers for more than 40 years. The company selected Polly to unlock near-infinite flexibility, configurability, and scalability, and further position its loan officers (LOs) for success with cutting-edge tech that enables them to be more competitive and deliver a tailored, high-impact borrower experience.

Polly, the leading provider of innovative mortgage capital markets technology and operator of the industry's first cloud-native, commercially scalable product and pricing engine (PPE), today announced its API integration with CoreLogic®, a leading provider of global property information, analytics, and data-enabled workflow solutions. The robust integration joins Polly's vanguard pricing engine and CoreLogic's Digital Mortgage Platform, enabling today's leading lenders to harness the combined strengths and sophistication of both platforms to streamline the digital mortgage process and unlock untapped opportunities. Ultimately impacting the end borrower, this integration provides consumers with a much smoother and customizable loan shopping experience, granting them the peace of mind knowing they are getting the best available rates.

Polly, the leading provider of innovative mortgage capital markets technology, today announced the expansion of its robust analytics capabilities with the introduction of Lender Intelligence. Purpose-built using advanced data science and machine learning tools, Lender Intelligence delivers an unprecedented amount of visibility to stakeholders via dynamic and customizable dashboards that allow lenders to confirm current market standing, optimize margin and price strategies, reduce costs, and identify new trends and opportunities to drive bottom-line revenue.

Polly, the leading provider of innovative mortgage capital markets technology, today announced its API integration with Byte Software, a robust, multi-channel loan origination software (LOS) provider. The highly anticipated integration enables mutual customers to launch Polly's cloud‑native, high‑performance Product and Pricing Engine (PPE) from directly within the Byte LOS platform, taking full advantage of the seamless data stream between both platforms. The end-user benefits of integrating Polly's advanced mortgage pricing engine with Byte's LOS are clear, including:

Polly, the leading provider of innovative mortgage capital markets technology, today announced the expansion of its partnership with HousingWire, the leading source of news and information for housing and mortgage industry professionals. As of February 1, 2024, HousingWire's Mortgage Rates Center rate data is now powered by Polly, cementing the SaaS company's position as the authority of data in the mortgage capital markets space. For the first time, the Mortgage Rates Center now includes real-time rate data—updated on an hourly basis during market hours—creating a valuable resource for housing and mortgage professionals to acquire timely detail on economic and market data that can impact mortgage pricing and influence better decision making.

Polly, the leading provider of innovative mortgage capital markets technology, is pleased to announce the appointment of Troy Coggiola as Chief Operating Officer (COO). Coggiola’s appointment follows a record year for Polly, both in industry adoption and product innovation. As COO, Coggiola will lead Polly’s product, implementation, support, and design teams, ensuring seamless cross-organization collaboration as the company continues to scale.

Polly, a leading provider of innovative mortgage capital markets technology, announces bi-directional integration with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies. For more than two decades, MeridianLink® Mortgage has provided the flexibility that lenders require to close loans and scale efficiently. Through this partnership, lenders can easily access Polly’s robust product, eligibility, and pricing options directly from within the MeridianLink environment, and can leverage the cloud-native, state-of-the-art capabilities of both platforms to streamline and enhance internal mortgage operations.

Polly, a leading provider of innovative mortgage capital markets technology, today unveiled its multi-dimensional enterprise, competitive, and market intelligence product. Purpose-built using advanced data science and machine learning tools, Polly Analytics can be used in conjunction with the company’s cloud-native, high-performance Product and Pricing Engine (PPE) and Loan Trading Exchange to deliver an unprecedented amount of visibility to stakeholders, and ultimately drive predictive and informed data-driven strategic decisions, automation, and profitability. The release of Polly Analytics comes during a record year of growth. Characterized by an innovative mindset and unimpeded by the constraints of legacy technology, Polly has experienced rapid industry adoption, underscoring its credibility as a source for mortgage market data and predictive analytics.

Polly, a leading provider of innovative mortgage capital markets technology, today introduced New American Funding (NAF), an independent and multi-channel mortgage lender with a servicing portfolio of 250,000 loans worth approximately $65 billion, as user of its cloud-native, high-performance Product and Pricing Engine (PPE). NAF selected Polly to promote borrower-centricity and support future growth ambitions, specifically citing the company’s next-generation PPE to unlock the configurability, flexibility, and scalability they needed to support an already expansive, and growing, product suite.

Polly, a leading provider of innovative mortgage capital markets technology, has appointed industry veteran and product powerhouse Cheryl Messner as Chief Customer Officer (CCO). Messner is the latest in a wave of high-profile talent to join Polly as the company experiences record growth and adoption. In her new role as CCO, Messner will spearhead corporate strategies that operationalize and further enhance Polly’s unique customer partner experience. Messner will oversee onboarding and implementation, and champion cross-functional initiatives that drive ongoing value and success throughout the customer lifecycle. She will also act as a liaison between client, product development, and technical teams to provide customer insight into high-impact features and new functionality.

Polly, a leading provider of innovative mortgage capital markets technology, is pleased to announce that Parvesh Sahi has joined the company as Chief Revenue Officer (CRO). Sahi’s appointment comes as Polly continues to experience record growth and adoption across the mortgage landscape. As CRO, Sahi will be involved in all aspects of go-to-market activity and ongoing customer success, playing a vital role in corporate strategy, business development, sales, account management, and the continued evolution of Polly’s partner ecosystem.

Polly, a leading provider of innovative mortgage capital markets technology, recently announced its latest API integration with Total Expert, a customer engagement platform purpose-built for financial institutions. This highly requested technology partnership further cements Polly’s position as a vital player in the modern mortgage technology ecosystem and highlights the company’s focus on catalyzing growth for lenders and financial institutions nationwide.

Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space, is pleased to announce that a trio of prominent industry and technology experts have joined its board and advisory council as the company continues to experience record growth and adoption across the mortgage capital markets vertical. The addition welcomes leading mortgage industry powerhouse Jonathan Corr to Polly’s board of directors, who brings more than three decades of experience in growth, leadership, and corporate strategy. Adam Aarons and Katy Shields also join Polly as strategic advisors. Aarons was the former Chief Revenue Officer of Okta and Shields is the current Head of People at DoorDash.

Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space, has enhanced its API strategy to accommodate lenders’ evolving needs and help them deliver a superior borrower experience. The processes and workflows involved in the mortgage ecosystem have changed following the Covid-19 pandemic. Polly’s robust and growing suite of APIs gives leading mortgage lenders the tools they need to grow and succeed in this new era, from showcasing the latest mortgage rates based on accurate industry data to proactively delivering unique, tailored offers to their borrowers. This strategy is central to Polly’s mission to modernize and transform mortgage processes so businesses can work faster, smarter, and more efficiently.

Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space, just announced a new post-lock product change function to its already robust lock desk workflow automation suite. The lock desk is a high-impact function for many mortgage lenders. It is for that reason that Polly launched its modern Product and Pricing Engine (PPE) with embedded, flexible automation—including locks, lock extensions, re-locks, re-prices, price exceptions, float downs, and more—that can align with any pricing policy and significantly improve both lender and process efficiencies. However, the dynamic lending environment of today has surfaced a new common necessity within a lender’s workflow: the need to change a product due to borrower or property eligibility. Via its cloud-native, high-performance infrastructure, Polly has introduced a new, first-of-its-kind product change function that delivers granular post-lock transparency and the ability to take action, modifying product type and term combination(s) to another as needed, be it historical pricing, worse case, or current market.

Polly™, the SaaS technology company transforming the mortgage capital markets, today announced it has raised $37 million in Series B funding, bringing Polly’s total funding to over $50 million. The round was led by Menlo Ventures with participation by new investors including Movement Mortgage, First American Financial, and FinVC. Existing investors 8VC, Khosla Ventures and Fifth Wall also participated in the round. Tyler Sosin, Partner at Menlo Ventures, will join Polly’s Board of Directors.

Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space, today announced its integration with the six primary mortgage insurance (MI) providers: Arch MI, Enact, Essent, MGIC, National MI, and Radian. These staple integrations come highly requested, not only by the mortgage originators that have contributed to the rapid adoption of Polly’s end-to-end capital markets ecosystem to date, but also by the principal companies leading the private mortgage insurance industry.

Polly, an engagement app that captures instant response right where you work on Slack, Teams, and now Zoom, today released a national study that highlights employees’ perceptions around virtual meetings now, a year after most offices went fully remote. Key findings reveal a majority of respondents believe that while teams have adopted virtual meetings as the new normal, there is still work to be done to address meeting fatigue and a lack of engagement in virtual meetings.

Polly today announced the launch of Polly for Zoom Apps, a new type of integration within Zoom Meetings designed to deliver an exceptional virtual meeting experience.