Mortgage technology provider Polly has launched PollyOS, a platform that brings together tools used in mortgage pricing, hedging and loan trading. The release was reported by HousingWire.
PollyOS combines pricing and eligibility functions with Polly Hedge, the company's hedging offering. It also incorporates a relaunched Loan Trading Exchange, placing loan-trading activity alongside other mortgage-market workflows.
The platform is aimed at connecting processes that are often handled through separate systems, from determining loan pricing and eligibility to managing hedge positions and trading loans.
For housing-market participants, mortgage technology developments can influence how efficiently lenders price and distribute residential loans. Polly has not outlined performance figures or adoption data for the newly introduced platform.
