Polly Announces Integration with Freddie Mac's Cash-Released XChange
September 9, 2020
Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space, announced today that it has completed its integration with Freddie Mac's Cash‑Released XChange, granting Freddie Mac sellers the ability to price and commit Cash‑Released XChange‑eligible loans from within Polly's Loan Trading Exchange.
Founded in 2019 by a seasoned team of technology and mortgage experts, Polly is dedicated to improving the most important transactions in the mortgage supply chain: loan pricing and loan sales for capital markets. Polly's robust suite of technology solutions are designed to increase mortgage loan sale execution, streamline capital market functions, and provide best‑in‑class data and analytics to optimize profitability for its users. The bi‑directional integration with Freddie Mac's Cash‑Released XChange improves the speed and accuracy of pricing and committing during the loan sale process, and ensures seamless and error‑free data flow between the two systems.
"We are excited to complete our integration with Freddie Mac's Cash‑Released XChange, interfacing our technology to deliver true value to our shared customers," explained Polly Founder and CEO, Adam Carmel. "This integration with Cash‑Released XChange brings innovation and transparency to the secondary mortgage market, creating efficiencies and saving countless hours of manual data entry for banks, mortgage companies, and credit unions throughout the loan sale process."