The time has come – the time to take charge. This summer, July 30-August, at Inman Connect Las Vegas. On January 1, 2024, experience the complete reinvention of the most important event in real estate. Join your peers and the best in the industry to shape the future. learn more.
Mortgage capital markets technology provider Polly said it has launched Lender Intelligence, a new platform leveraging advanced data science and machine learning tools, designed to give lenders a comprehensive view of their business and the wider competitive landscape.
“Lender Intelligence provides stakeholders with unprecedented visibility through dynamic and customizable dashboards, allowing lenders to confirm current market position, optimize margin and pricing strategies, reduce costs, and identify new trends and opportunities to Driving bottom-line revenue,” Polly announced on tuesday.
The new platform can be used in conjunction with Polly’s Product and Pricing Engine (PPE) and the Loan Trading Exchange to “facilitate informed, instant and data-driven margin and pricing decisions amid unpredictable market changes,” the company said. Lenders can also choose to license Polly’s raw data for use with their existing in-house tools.
Last month, Polly announced an application programming interface (API) integration that allows lenders to launch Polly’s PPE from Byte Software’s loan origination software platform.
Mark Todd
“This highly requested integration meets the needs of lenders and provides them with a clear path to improve margins and overall profitability,” Byte senior executive Mark Todd said in a statement. statement then.
Polly last year announced an API integration with customer engagement platform Total Expert, allowing lenders to generate custom rate flyers in seconds using instant, scenario-specific mortgage quotes.
Founded in 2019 by Ethos Lending veteran Adam Carmel, Polly builds a data-driven capital markets ecosystem that streamlines and automates workflows for mortgage lenders and investors.
exist declare After naming Ellie Mae and Accela veteran Troy Coggiola as chief operating officer in January, Polly said 2023 was a record year for industry adoption and product innovation for the company.
Adam Kamel
Carmel said he expects Coggiola will “play a key role in institutionalizing and scaling Polly’s unique customer-centric approach, while also helping to further accelerate our pace of innovation.”
Polly also appointed ICE Mortgage Technology veteran Parvesh Sahi as chief revenue officer in 2023, and industry veterans Andrew Bon Salle and Jonathan Corr as members of the company’s board of directors.
Polly announced it will raise $37 million in Series B funding in 2022, led by Menlo Ventures, a backer of HomeLight and Qualia.
Get Inman’s mortgage newsletter delivered straight to your inbox. A weekly digest of all the biggest news in mortgages and settlements around the world is published every Wednesday. Click here to subscribe.
Email Matt Carter
