Polly and CoreLogic announce API integration to enhance mortgage process
Polly, a trailblazer in mortgage capital markets technology and developer of the first cloud-native, commercially scalable product and pricing engine (PPE), has unveiled its API integration with CoreLogic, a global leader in property information, analytics, and data-enabled workflow solutions. This strategic collaboration marries Polly’s cutting-edge pricing engine with CoreLogic’s Digital Mortgage Platform, setting a new benchmark in the digital mortgage domain by streamlining operations and unlocking new opportunities for today’s leading lenders.
The integration is poised to revolutionize the loan shopping experience for consumers, offering a seamless and customizable journey. By combining the technological prowess and sophistication of both platforms, lenders can now provide consumers with the assurance of receiving the best available rates. This endeavor not only enhances the customer experience but also underscores the commitment of both companies to innovate within the digital mortgage landscape.
Bob Jennings, Executive of Collateral and Risk Solutions at CoreLogic, emphasized the value of this partnership. “Our commitment to unlocking value throughout the entire property ecosystem is precisely why we have joined forces with Polly. We believe in both the leadership at Polly, as well as the revolutionary tech they have pioneered in the market, and we are excited to present this integration to our mutual clients and industry participants.”
Parvesh Sahi, Chief Revenue Office at Polly, highlighted the importance of adapting to a tech-forward landscape in the mortgage industry. “It is imperative that lenders keep pace with today’s modern borrower and deliver the point-of-sale experience they not only expect but deserve. Polly is happy to integrate with other best-of-breed technology partners to facilitate both better visibility in the earliest stages of the mortgage application process, as well as a superior borrower journey.”
Looking ahead, plans for the second phase of the API integration are already in motion, promising to further enhance lender capabilities with advanced, unprecedented rate lock functionality. This continuous development indicates a future where mortgage lending is not only more efficient but also more attuned to the needs and expectations of the modern consumer.
The integration between Polly and CoreLogic signifies a pivotal shift in the mortgage industry, leveraging cloud-based technology and advanced data analytics to streamline and improve the lending process. This collaboration is a testament to the potential of innovative tech solutions to address long-standing industry challenges, offering a glimpse into a future where mortgage lending is not only more efficient but also more transparent and user-friendly.