Polly is expanding its partnership with ICE Mortgage Technology, part of Intercontinental Exchange Inc., by making Polly’s Loan Trading Exchange available through ICE’s Encompass loan origination software (LOS).
Polly says the partnership will enable a more streamlined workflow, designed to efficiently improve profitability and scale in a single platform.
With Polly’s Loan Trading Exchange available in Encompass, lenders can eliminate the manual bid tape process by accessing solutions that enable them to review multiple bids at the same time, and connect to capital market solutions such as real-time pricing and trading.
The first phase of this new partnership enables lenders to remain in Encompass and easily access Polly. Future enhancements include 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,” says Adam Carmel, founder and CEO of 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 benefitting the originator and ultimately the consumer.”