Polly Integrates with nCino's Mortgage Suite to Streamline Pricing and Enable Better Loan Officer Mobility

Rhea-AI Summary

Polly, a leading provider of mortgage capital markets technology, has announced a new API integration with nCino, a cloud banking pioneer. This integration combines Polly's advanced pricing engine with nCino's Mortgage Suite, enhancing the capabilities of lenders and loan officers by allowing seamless pricing searches and loan locking both via web and mobile. This integration aims to boost margins, speed, accuracy, and confidence in loan pricing processes. Key figures from both companies highlight the potential benefits for lenders, referral partners, and borrowers in today's competitive market. Polly's system, built for cloud scalability, is set to significantly improve user experience and efficiency.

Positive

• Polly's API integration with nCino enhances pricing and loan locking capabilities.
• Seamless integration allows lenders to run Polly pricing searches within nCino Mortgage Suite.
• Integration facilitates web and mobile loan pricing and locking, increasing flexibility for loan officers.
• Polly's cloud-native pricing engine aims to maximize margins and improve speed, accuracy, and confidence.
• Integration designed for scalability and optimal system-to-system communication.
• Potential to deliver standout user experience and added value for customers.
• Expected to produce efficiency gains in the mortgage lending process.

Negative

• Integration is still in the multi-phase stage, indicating that full functionality is not yet available.
• Potential implementation challenges could arise as the integration rolls out enhanced features.

Financial Analyst

The integration of Polly’s pricing engine with nCino’s Mortgage Suite represents a significant step forward for lenders and loan officers. This collaboration could enhance operational efficiencies and potentially improve margins by offering more accurate and real-time pricing capabilities. From a financial perspective, these improvements could lead to increased competitiveness in the mortgage market. This is particularly important in a highly competitive industry where margins are tight. Lenders that can lock in the best possible rates more efficiently will have an advantage.

Moreover, the scalability of Polly’s API-adjacent architecture likely means that this integration can grow with the companies’ expanding needs. For retail investors, this could translate to a more stable revenue stream for both Polly and nCino. However, it will be essential to monitor how quickly and effectively this technology is adopted by the market.

Tech Expert

The integration of Polly’s cloud-native, commercially scalable Product and Pricing Engine (PPE) with nCino’s Mortgage Suite is a technological milestone. The use of an API for system-to-system integration ensures high performance and real-time data exchange, which is important for accurate and timely loan pricing. This technological synergy can enhance user experience by providing real-time pricing scenarios and lock functionalities, both via web and mobile.

The cloud-native approach also means greater flexibility and scalability, allowing the system to adapt quickly to market demands. For loan officers, this integration promises increased mobility and efficiency, potentially reducing the time required to close a loan. These technological advances could lead to higher customer satisfaction and loyalty.

Market Research Analyst

The partnership between Polly and nCino could be seen as a strategic maneuver to strengthen their position in the mortgage technology market. The ability to offer enhanced pricing and locking functionalities will likely attract more lenders and loan officers seeking to improve their operational workflows and customer engagement strategies.

In the current competitive mortgage market, where relationship-building and timely responses are key, this integration could provide a significant edge. It’s a move that addresses the increasing demand for streamlined, efficient solutions in the mortgage industry. Investors should consider the potential for market share expansion and increased adoption rates as lenders look to capitalize on these new capabilities.

SAN FRANCISCO--(BUSINESS WIRE)-- Polly, the leading provider of innovative mortgage capital markets technology and operator of the industry's first cloud-native, commercially scalable product and pricing engine (PPE), today announced its latest API integration with nCino (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry. This bi-directional integration pairs Polly's vanguard pricing engine with nCino's Mortgage Suite point of sale (POS) solution, providing lenders and loan officers (LOs) with ultimate motility and additional opportunities to attract, engage, and strengthen referral relationships. The multi-phase integration already provides the ability to run Polly pricing searches for loans and loan applications within the nCino Mortgage Suite web experience, and enhanced functionality for locking via web as well as mobile pricing and locking are underway.

Purpose-built in the cloud and for the cloud, Polly's next-generation PPE was designed to maximize margins and facilitate speed, accuracy, and confidence across all loan pricing and lock processes. It was also architected with an API-adjacent product strategy in mind, allowing for optimal system-to-system integration and scalability. Customers that use this integration can take advantage of the high-performance architecture of Polly's modern engine to capture important financial data, simultaneously run pricing scenarios, and determine best-fit product and terms directly within the nCino platform.

"In today's competitive purchase market, loan officers need to capitalize on every opportunity to engage with real estate agents, title agents, and other referral partners," said nCino EVP of U.S. Mortgage, Ben Miller. "By leveraging Polly's engine in tandem with nCino's Mortgage Suite, lenders and referral partners can work symbiotically, reacting in near real-time at a borrowers' immediate point of need to confidently deliver the best price and customer service. We're excited by the potential this integration partnership has to deliver a standout user experience and bring even more value to our customers."

"We are seeing the importance of relationships compounded in today's market, and this integration creates a substantial benefit for mortgage lenders, loan officers, and borrowers alike," added Parvesh Sahi, Chief Revenue Officer at Polly. "Together, Polly and nCino remain on the forefront of innovation and are focused on streamlining the lender and LO experience and producing massive efficiency gains with state-of-the-art technology. I am confident that this integration will create demonstrable value across the full spectrum of mortgage industry participants."

Polly is attending the 2024 MBA Secondary and Capital Markets Conference in New York, NY. Please visit #MBASecondary24 booth 102 to engage with the team on site. To learn more about how Polly continues to pioneer mortgage industry transformation, visit www.polly.io.

About Polly

Polly has revolutionized the mortgage industry with its modern, data-driven capital markets ecosystem. Banks, credit unions, and mortgage lenders nationwide trust Polly's Product and Pricing Engine (PPE), Loan Trading Exchange, and actionable data and analytics to automate and optimize the entire capital markets value chain, helping their secondary teams operate faster, smarter, and more profitably. Polly was founded in 2019 by a seasoned team of technology and mortgage experts and is headquartered in San Francisco, California. To learn more, follow Polly on LinkedIn or visit www.polly.io.

About nCino

nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,800 financial services providers globally. For more information, visit www.ncino.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240520004235/en/

Media requests and inquiries:

Samantha MacKendrick

Polly

smackendrick@polly.io

415-212-8469

Source: Polly

FAQ

What is the recent integration announced by Polly and nCino?

Polly has announced an API integration with nCino's Mortgage Suite to enhance pricing and loan locking capabilities for lenders and loan officers.

How does Polly's integration with nCino benefit loan officers?

The integration allows loan officers to perform pricing searches and lock loans via web and mobile, enhancing flexibility and efficiency.

What improvements does Polly's pricing engine bring to nCino's Mortgage Suite?

Polly's pricing engine aims to maximize margins and improve the speed, accuracy, and confidence of loan pricing processes within nCino's Mortgage Suite.

What phase is the Polly and nCino integration currently in?

The integration is in the multi-phase stage, with ongoing enhancements to web and mobile functionality for loan pricing and locking.

What potential value does the Polly and nCino integration offer?

The integration is expected to enhance user experience, produce efficiency gains, and provide added value for lenders, referral partners, and borrowers.