Polly integrates with Blend to further streamline the loan creation process
SAN FRANCISCO, October 27, 2021 / PRNewswire / – Polly™, a leading provider of innovative SaaS solutions for the mortgage industry, today announced an integration partnership with To mix together, a leader in cloud banking and mortgage software that helps provide financial institutions with a fully digital lending process.
The integration pairs Polly’s pricing engine with Blend POS, via the API. Together, they allow loan officers to quickly and efficiently enter the financial data needed to determine the price and terms of mortgage loans.
Prior to using Blend’s platform, mortgage lenders were forced to collect and verify loan application data through manual processes. As Blend seeks to help consumers even further in the application process, the availability of digital solutions like Polly will allow loan teams to process loans even faster by replacing the cumbersome and manual processes to determine loan prices and product eligibility through a digital solution. The combination of Blend’s platform with Polly’s pricing engine allows the entire process of information gathering and loan qualification to be completed digitally with extraordinary speed and precision.
“Our software reduces nearly 80% of the manual locking office workflow for a typical mortgage issuer,” said Polly Founder and CEO Adam carmel. “Our integration partnership with Blend, which also creates significant efficiencies for its customers, will allow our mutual customers to benefit from an incredibly transparent and automated loan financing process.”
“The integration of Polly and Blend creates a complementary solution that benefits mortgage bankers and consumers.” noted Jeff Braddock, Business Development Manager at Blend. “While Blend and Polly are focused on solving different problems and processes in the industry, we share a vision for the future of banking and we are focused on creating robust technology for our clients.”
Each year, the mortgage industry spends millions of dollars on largely repeatable and automatable tasks in mortgage capital markets that have remained unchanged for decades. Software tools such as those created by Polly and Blend are fast, efficient and accurate because they are based on modern technology that is easily deployable for customers. As a result, their use reduces costs for lenders while speeding up workflows and creating savings for borrowers.
Polly, founded in 2019 by a seasoned team of mortgage and technology experts, is a fast growing mortgage technology company transforming the mortgage capital markets industry. Polly provides a revolutionary end-to-end capital markets ecosystem that lenders trust to optimize performance, from rate freezing to loan selling and delivery. Polly increases the gain on sales execution, automates workflows, and delivers actionable data analytics to her customers. Polly is based at San Francisco, California. To learn more, visit www.polly.io.
Media contact: Jeff krischer To [email protected]
About the mixture
Blend’s cloud-based banking platform (NYSE: BLND) is designed to power the end-to-end customer journey for any banking product, from app to close. Blend’s technology is used by Wells Fargo, US Bank and more than 310 other financial services companies to acquire more customers, increase productivity and deepen relationships. Thanks to its software, Blend allows its customers to process on average more than $ 5 billion loans per day, helping consumers move into housing and access the capital they need to lead better lives. To learn more, visit blend.com.
Media contact: [email protected]