Polly, a leading provider of innovative mortgage capital markets technology, continues to further enhance its technology partnership with ICE Mortgage Technology®
, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure. The integration is built on the latest Encompass Partner Connect™ API Platform, enabling the companies to deliver near‑infinite flexibility and a robust infrastructure that empowers lenders to create, deploy, and manage new products quickly and seamlessly. Increasingly important in today's unique market, Polly's cloud‑native technologies also enable lenders to remain nimble and truly move with the market to scale their business in an easier, far more configurable way.
Polly's Loan Trading Exchange
has been integrated with Encompass® by ICE Mortgage Technology since 2019. This bi‑directional API integration maximizes efficiency throughout the mortgage loan sale process by allowing lenders to effortlessly share data between the two platforms. Lenders can share their for‑sale pipeline from Encompass and receive loan‑level pricing and other settlement data upon loan commitment, thereby increasing liquidity while automating key processes. The company's high‑performance and ultra‑modern Product and Pricing Engine (PPE)
boasts the same level of API integration. Lenders can read data points out of ICE's LOS system, monitor changes in data to re‑price as needed, and write back data points to standard and/or custom fields, as well as to a secondary registration for any lock events. The bi‑directional synchronization provides leading mortgage lenders with the tools necessary to operate in a more efficient and effective way while leveraging a modern, cloud‑native mortgage tech stack.
"We remain hyper focused on solving the fundamental gaps and core limitations of legacy solutions for our customer partners," explained Adam Carmel, Founder and CEO of Polly. "By establishing and maintaining such strong relationships with other prominent technology and automation providers like ICE – while modernizing mortgage capital markets with cloud‑native, AI‑powered and data‑driven software solutions – we are able to facilitate meaningful transformation across the industry."
Carmel concluded, "These technology integrations allow lenders to further realize process optimizations and cost‑savings across the mortgage lifecycle and demonstrate the depth of Polly's long‑standing relationship with ICE. We are excited to further accelerate this partnership as we continue to enhance our shared capabilities over the months and years to come."
About ICE Mortgage Technology
ICE Mortgage Technology combines technology, data, and expertise to automate the entire 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 the highest levels of compliance, quality, and efficiency. Visit icemortgagetechnology.com
or call (877) 355‑4362 to learn more.
About Intercontinental Exchange
Intercontinental Exchange, Inc.
(NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission‑critical workflow tools that increase transparency and operational efficiencies. We operate exchanges
, including the New York Stock Exchange
, and clearing houses
that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services
and execution capabilities provide information, analytics, and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology
, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here
. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance‑based Investment Products Regulation can be accessed on the relevant exchange website under the heading "Key Information Documents (KIDS)."
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 ‑‑ Statements in this press release regarding ICE's business that are not historical facts are "forward‑looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward‑looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10‑K for the year ended December 31, 2022, as filed with the SEC on February 2, 2023.