Lenders can eliminate the manual bid tape process by accessing solutions that review multiple bids at the same time.
Polly announced it is expanding its partnership with ICE Mortgage Technology, a major provider of data, technology, and market infrastructure, to make Polly’s Loan Trading Exchange available through Encompass, the industry’s most recognized loan origination software. This is expected to result in a more streamlined workflow designed to improve profitability and scale in one platform.
Now lenders can start to move away from the manual process into more automated solutions. Lenders can eliminate the manual bid tape process by accessing solutions that review multiple bids at the same time. They can also connect to capital market solutions including real-time pricing and trading.
This new partnership also enables lenders to easily access Polly from Encompass with future enhancements enabling an integrated system to system delivery and ecosystem designed to shorten the lenders’ trading workflow with 93% of aggregators available through Encompass Investor Connect.
“Polly is pleased to expand our partnership with ICE Mortgage Technology to further integrate our capital markets solution within Encompass,” said Adam Carmel, founder and CEO, Polly. “By adding our solution through Encompass, we are making it easier for lenders to have more insight and flexibility into the loan acquisition process to enable faster and more profitable trades for lenders, thereby benefiting the originator and ultimately the consumer.”
San Francisco-based Polly provides an end-to-end capital markets ecosystem that lenders trust to optimize performance from rate lock to loan sale. To learn more, visit polly.io.
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