New API integration permits lenders to generate tailor-made advertising supplies that embrace charge, month-to-month fee and APR primarily based on distinctive borrower particulars.
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Mortgage capital markets tech supplier Polly has flipped the swap on a brand new utility programming interface (API) integration with buyer engagement platform Whole Knowledgeable that permits lenders to generate customized charge flyers in seconds utilizing real-time, scenario-specific mortgage gives.
“Having probably the most up-to-date market data at your fingertips is essential for lenders to successfully talk and interact with shoppers to assist educate them on financing choices accessible when buying a house,” stated Whole Knowledgeable’s Josh Lehr, in a press release.
The brand new integration permits lenders to generate “extremely tailor-made advertising supplies” that embrace charge, month-to-month fee, and annual share charge (APR) primarily based on distinctive borrower particulars together with mortgage kind, mortgage quantity, property location and down fee, the businesses stated.
“That is only the start, as Polly’s distinctive cloud-native expertise and excessive‑efficiency infrastructure open the door to a myriad of different integrations and tech developments with Whole Knowledgeable,” Polly CEO Adam Carmel stated, in a press release. “The sky’s the restrict as we proceed to modernize and rework mortgage processes to ship limitless flexibility, configurability, and scalability to lenders – and in consequence, a extra optimum expertise for debtors.”
Polly’s capital markets ecosystem features a product and pricing engine, mortgage buying and selling alternate, together with information and analytics — all accessible via a community of integration companions.
The corporate gives an increasing library of APIs that assist lenders worth and ship loans whereas sustaining management over the borrower expertise by plugging APIs into their very own interface course of. Polly’s integrations enable lenders to retrieve quotes from the nation’s six largest non-public mortgage insurers, for instance, serving to debtors assess their choices.
Final fall, Polly introduced the addition of former Ellie Mae CEO Jonathan Corr to the corporate’s board of administrators, with Okta veteran Adam Aarons and DoorDash govt Katy Shields additionally becoming a member of as strategic advisers.
Based in 2012, Whole Knowledgeable raised $52 million in 2019 and has introduced a variety of integrations and new merchandise since then, together with RatePlug, a advertising platform that connects mortgage mortgage officers and actual property brokers, and Buyer Intelligence, a software designed to detect when debtors are prepared to purchase a house or refinance a mortgage.
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