Polly and ICE Mortgage Technology Deepen Partnership to Deliver Bid Tape Management to Encompass Users
Polly announced that it is expanding its partnership with ICE Mortgage Technology, part of Intercontinental Exchange, Inc, a leading global provider of data, technology, and market infrastructure by making Polly’s Loan Trading Exchange available through Encompass, the industry’s most recognized loan origination software. The result is a more streamlined workflow designed to efficiently improve profitability and scale in a single platform.
By leveraging the strength of both companies, lenders can start to move away from manual processes and into more automated solutions. 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 including real-time pricing and trading. The first phase of this new partnership enables lenders to remain in Encompass and 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 benefitting the originator and ultimately the consumer.”
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ICE Mortgage Technology and Polly have established a close go-to-market partnership, enabling their respective customers to benefit.
ICE Mortgage Technology combines technology, data and expertise to help automate the mortgage process, from consumer engagement through loan registration, and every step and task in between. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry, with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring high levels of compliance, quality and efficiency.
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