Polly, a provider of SaaS technology for the mortgage capital markets space, has been integrated by six primary mortgage insurance (MI) providers: Arch MI, Enact, Essent, MGIC, National MI and Radian.
By embedding each MI company’s quoting capabilities into its product and pricing engine (PPE), Polly streamlines the process of calculating, quoting and comparing MI offerings across all providers to save time and effort for the loan officer and mortgage lender.
Users receive a comprehensive list of rates, premiums, summaries on DNI impact and more from each MI provider with the single click of a button. Polly’s cloud-native PPE will also provide an explanation when a quote is not provided, as well as actionable suggestions for changing parameters. When a quote is selected, the user will instantaneously receive documentation from the applicable MI provider. These integrations are part of Polly’s core service offering and demand no additional cost from the MI companies that populate in the search results.
“At MGIC, we are dedicated to enabling efficiencies for our customers and are thankful for the opportunity from Polly to meet our customers where they need us most,” says Leslie Malicki, director of partner solutions at MGIC.
“We are committed to our customers’ success and equipping them with the right tools and workflow automation to navigate an ever-changing market,” explains Adam Carmel, founder and CEO of Polly. “We often receive feedback that legacy processes remain cumbersome and time consuming, so we are thrilled to partner with all six essential MI providers to streamline the mortgage insurance process for lenders and borrowers.”
