SAN FRANCISCO--(BUSINESS WIRE)--Polly, a leading provider of innovative SaaS technology for the mortgage capital markets space, has announced that industry veteran Andrew Bon Salle joined the company’s board of directors. The appointment follows a record year of growth for the company, which recently closed a $37 million Series B funding round.
Polly’s end-to-end technology platform enables mortgage originators to optimize revenue on each loan, reduce costs by automating workflows, and places the power of customized, actionable analytics at their fingertips. Mortgage lenders leverage Polly’s state-of-the-art Product and Pricing Engine (PPE) and Loan Trading Exchange to dynamically price and sell loans in an automated and customizable workflow, which also dramatically reduces mistakes. The company has experienced rapid growth over the past year, processing tens of thousands of lock requests and nearly $4 billion in loans per month.
“Polly is building the next generation suite of capital markets technology, with a unique mix of technical and mortgage banking experience geared toward solving complex challenges that have plagued the industry,” explained Bon Salle. “By breaking old habits and redefining the mortgage process through innovation and modern technology, the team is able to improve the daily lives of mortgage originators and solve pain points across the product management, pricing, and loan sale and securitization journeys in a very unique and forward-thinking way.”
Over the course of his almost three-decade tenure at Fannie Mae, Bon Salle served in various leadership positions, including Executive Vice President of Single-Family Mortgage Business. In that role, he oversaw all Single-Family capital market functions and managed the growth and performance of Fannie Mae’s credit portfolio.
"Polly is focused on reimagining mortgage capital markets, and Andrew fully understands that potential impact with his wealth of knowledge and decades of experience in this space,” said Adam Carmel, Founder and Chief Executive Officer of Polly. “Andrew’s proven leadership will be invaluable as we continue to solve legacy problems for our customers and the industry as a whole. With his passion for innovation and helping companies scale, we are confident that Andrew will help Polly make a tremendous impact in the years to come."
To learn more about Polly’s board of directors, please visit https://polly.io/company.
About Polly
Polly is transforming the mortgage industry with its modern, data-driven capital markets ecosystem. Lenders trust Polly’s Product and Pricing Engine (PPE), Loan Trading Exchange, Analytics Platform, and Partner Platform to optimize performance from rate lock to loan sale and delivery, increase gain-on-sale execution, automate workflows, and provide actionable data and analytics. Polly was founded in 2019 by a seasoned team of technology and mortgage experts, and is based in San Francisco, California. Please visit www.polly.io to learn more.
