PollyEx Inc., a provider of SaaS solutions for the mortgage industry, has announced that its Loan Trading Exchange is now integrated with Ellie Mae's Encompass Digital Lending Platform, through Ellie Mae's Encompass Partner Connect API technology.
PollyEx's cloud-based platform seamlessly connects buyers and sellers of mortgage loans, increasing liquidity and automating capital markets functions. The bi-directional API integration enables mortgage lenders to effortlessly share their "for sale" pipeline from Encompass and, in turn, receive loan-level pricing and other settlement data upon loan commitment.
"PollyEx is thrilled to partner with Ellie Mae on our next-generation loan trading platform," said PollyEx Founder and Chief Executive Officer Adam Carmel. "Remarkably, loan trading is often conducted via phone, email and spreadsheets. With our secure, seamless integration with Encompass, PollyEx is powering the mortgage loan sales process with innovative technology designed by our team of mortgage industry professionals. We look forward to a long, successful partnership with Ellie Mae."
Parvesh Sahi, SVP of business development for Ellie Mae, said: "We're excited to partner with PollyEx and expand the power of the Encompass Digital Lending Platform. Ellie Mae is always looking at ways to digitize the entire loan process from consumer engagement to delivery. The seamless integration of PollyEx's innovative Nexus Exchange with Encompass will allow our customers to further realize process efficiencies and cost savings from origination through sales execution, furthering the promise of a complete and true digital mortgage."