A growing network of partners, including CoreLogic and Byte Software, are accessing Polly’s capital markets platform and product and pricing engine through open APIs.
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Cloud banking services provider nCino is integrating the products and pricing engine of mortgage capital markets technology provider Polly to help lenders streamline their processes and strengthen connections with referral partners.
The application programming interface (API) integration pairs Polly’s product and pricing engine with nCino’s Mortgage Suite point-of-sale (POS) solution, allowing lenders to capture financial data, run pricing scenarios and determine the best products for borrowers. .
The multi-stage integration now allows lenders to run Polly pricing searches for loans and loan applications within the nCino Mortgage Suite web experience. The companies announced on Monday that they were launching additional features that would allow for locking via the web as well as mobile pricing and locking.
Ben Miller
“In today’s competitive buying market, loan officers need to take advantage of every opportunity to work with real estate agents, title brokers and other referral partners,” nCino executive Ben Miller said in a statement. “By integrating Polly’s engine Combined with nCino’s Mortgage Suite, lenders and referral partners can work together to respond in near real-time to borrowers at their immediate point of need, confidently delivering the best possible pricing and customer service.”
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Founded in 2019 by Ethos Lending veteran Adam Carmel, Polly provides products and pricing engines that distribute mortgage pricing across channels, a loan trading exchange that automates many of the steps required to sell and distribute loans, and provides market-driven insights. analytics platform and internal data, as well as a partner platform that facilitates integration with preferred partners.
Parvesh Sahi
“We see the growing importance of relationships in today’s market, and this integration brings significant benefits to mortgage lenders, loan officers and borrowers,” Parvesh Sahi, Polly’s chief revenue officer, said in a statement.
A growing network of partners is accessing Polly’s capital markets platform and product and pricing engine through open APIs. Polly said 2023 was a record year for industry adoption and product innovation for the company when it announced the appointment of Ellie Mae and Accela veteran Troy Coggiola as chief operating officer in January.
Polly has since announced the integration of its product and pricing engine with CoreLogic’s digital mortgage platform, used by many leading lenders; Byte Software, a multi-channel loan origination software (LOS) provider; and All Western Mortgage, a company headquartered in Nevada, mortgage bank licensed in 28 states.
This month, Polly announced it is beta testing an artificial intelligence platform embedded in its products and pricing engine that acts as an “interactive co-pilot” for loan officers, using a natural language interface to help them process, interpret and recommend results-driven result.
The company said Polly/AI is “currently in closed beta with several of the largest mortgage lenders in the U.S.” and early adopters have experienced “substantial gains in productivity and significant improvements in efficiency.”
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