PollyEx Inc., a provider of SaaS solutions for the mortgage industry, has released its product, pricing and eligibility (PPE) engine, designed to allow lenders to configure rule logic, manage margin strategies and distribute pricing on one centralized user interface.
The PollyEx PPE is the result of two years of research and development into solving the core limitations of legacy systems and delivering speed, accuracy, usability and confidence to loan pricing and lock processes, the company says. The PollyEx PPE has been tested in a live production environment with several retail and wholesale lending customers, with well over 100,000 rate locks executed through the software platform.
The PPE engine has the following features:
- dynamic margin management and configurability
- generate and distribute rate sheets in under 10 minutes
- tag-based rule associations to eliminate folder hierarchies
- bi-directional pricing data, from buy-side execution to the point of sale
- advanced testing and version control
- embedded pricing tools into any LOS, POS or customer website
“We could not be more excited to roll out the PollyEx PPE and deliver lenders a modern, user-friendly platform that optimizes gain on sale execution, creates operational efficiencies and completely eliminates manual mistakes during the loan pricing and lock process,” says Adam Carmel, founder and CEO at PollyEx. “Adding the PPE to our Loan Pricing and Settlement system is just the next milestone in our mission to modernize and digitize the entire capital markets ecosystem from loan pricing through loan settlement.”
Photo: Adam Carmel