Industry veteran Parvesh Sahi joins the mortgage capital markets technology company from ICE Mortgage Technology.
Polly, a San Francisco-based provider of technology for mortgage capital markets, said Thursday it has appointed Parvesh Sahi as chief revenue officer (CRO).
Parvesh Sahi
Sahi's appointment comes amid Polly's growth and adoption across the mortgage landscape, the company said.
As CRO, Sahi will play a critical role in corporate strategy, business development, sales, account management, and the continued evolution of Polly's partner ecosystem, the company said. He joins Polly from ICE Mortgage Technology, where he spent the last 11 years in various executive roles leading sales, strategy, client management, and business development teams across the Ellie Mae, MERS, and Simplifile brands
During his tenure, Sahi established the largest partner ecosystem in the industry and helped grow revenue to over $1 billion. He played an active role in identifying and executing on multiple key acquisitions.
“The addition of Parvesh to our team represents another defining moment for Polly,” said Adam Carmel, Polly founder & CEO. “I have no doubt that he will be instrumental in institutionalizing and scaling key areas of our business and equipping Polly for even greater future success as we experience accelerated growth."
Get the NMP Daily
Essential stories, every weekday.
“One of the many things that attracted me to Polly is the company’s genuine commitment to product execution and delivering on client expectations to meet the evolving needs of lenders, and the industry as a whole,” Sahi sid. “Powered by true next-generation and best-in-class technology, as well as intuitive software with a unique cloud-native approach, Polly is truly modernizing the mortgage capital markets space and innovating at a speed and scale that far surpasses legacy incumbents."
Polly said it is transforming the mortgage industry with its modern, data-driven capital markets ecosystem. Banks, credit unions, and mortgage lenders nationwide use its Product and Pricing Engine (PPE), Loan Trading Exchange, and data and analytics to automate and optimize the entire capital markets value chain, helping their secondary teams operate faster, smarter, and more profitably, the company said.
Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates
The September jobs report gave the mortgage market something it hasn't had much of lately: downward pressure on Treasury yields.U.S. employers added just 29,000 jobs in September, while the unemployment rate edged up to 4.2%, according to the Bureau of Labor Statistics. The ...
The wholesale lender is adopting a new identity three years after acquiring Homepoint’s wholesale business and rising to No. 4 in industry rankings
The Loan Store has a new name after a three-year expansion that transformed the once-small wholesale lender into one of the largest players in the broker channel.The Tucson, Arizona-based lender has rebranded as Averra Financial Inc., effective immediately, the company annou...
Employers added just 29,000 jobs in September, sending Treasury yields lower and offering a potential counterweight to the recent rise in mortgage rates
The typical down payment fell 9% from a year ago, while shifting market conditions are giving originators different affordability conversations across the country
New-home sales rose 6.4% in August as builders cut prices, offered incentives, and sold more lower-priced homes. Now mortgage rates are moving against buyers again
ServiceLink finds 45% of surveyed LOs cite borrower reluctance as a barrier, even though most recent buyers say digital options would influence their choice of mortgage provider
