Polly announces API integration with Ellie Mae's Encompass Digital Lending Platform
Polly, a SaaS technology startup aiming to transform the mortgage capital markets space, announced that its Loan Trading Exchange is now integrated with Ellie Mae's Encompass Digital Lending Platform through Ellie Mae's Encompass Partner Connect API technology. The integration allows lenders to share data between Polly's Loan Trading Exchange and Encompass, maximizing efficiency during the loan sale process.
Polly's cloud-based platform seamlessly connects buyers and sellers of mortgage loans, increasing liquidity and automating capital markets functions. The bi-directional API integration enables lenders to effortlessly share their for-sale pipeline from Encompass and, in turn, receive loan-level pricing and other settlement data upon loan commitment.
Ellie Mae is a leading provider of innovative, on-demand software solutions and services for the residential mortgage industry. Ellie Mae's Encompass Digital Lending Platform provides one system of record that enables banks, credit unions, and mortgage lenders to originate and fund mortgages and improve compliance, loan quality, and efficiency.
"Polly is very excited to partner with Ellie Mae on our next-generation loan trading platform," said Polly Founder and Chief Executive Officer Adam Carmel. "Remarkably, loan trading is often conducted via phone, emails, and across spreadsheets. Through our secure, seamless integration with Encompass, Polly is powering the mortgage loan sales process with innovative technology designed by our team of mortgage industry professionals. We look forward to a long, successful partnership with Ellie Mae."
"We are thrilled to partner with Polly and expand the power of the Encompass Digital Lending Platform," said Parvesh Sahi, SVP of Business Development at Ellie Mae. "Ellie Mae is always looking at ways to digitize the entire loan process from consumer engagement to delivery. The seamless integration of Polly's innovative exchange with Encompass will allow our clients to further realize process efficiencies and cost savings from origination through sales execution, furthering the promise of a complete and true digital mortgage."