Tuesday, May 21, 2024

Boosting Agility and Lending Experience: All Western Mortgage Adopts Polly’s Cutting-edge PPE Technology


All Western Mortgage Adopts Polly’s PPE to Supercharge Agility and Deliver an Exceptional LO Experience to Sales Force

Polly, a frontrunner in the mortgage capital markets technology sector, recently announced the adoption of its state-of-the-art Product and Pricing Engine (PPE) by All Western Mortgage, the largest privately owned mortgage bank in Nevada. Licensed across 28 states and with over four decades of serving borrowers, All Western Mortgage is taking a significant leap forward by integrating Polly’s cloud-native, scalable PPE to enhance flexibility, configurability, and scalability. This strategic move is set to empower their loan officers (LOs) by providing them with the tools needed to stay competitive and offer a personalized, impact-driven borrower experience.

Jeff Kauffman, National Sales Manager at All Western Mortgage, shared insights into the company’s decision to spearhead technological advancements in 2024 by elevating their pricing engine capabilities. The focus was to meet the sales force’s request for more automation, enhanced mobile functionality, and better pipeline visibility, thereby improving their capacity to serve borrowers promptly. “Polly’s team instantly aligned with our LOs, demonstrating a shared commitment to their success. The feedback has been incredibly positive, marking Polly’s solution as a transformative change,” Kauffman stated.

Polly’s innovative PPE equips All Western Mortgage’s LOs with the ability to:

  • Identify the optimal product for each borrower quickly and accurately, ensuring maximum opportunity capture.
  • Manage their loan origination system (LOS) pipeline, lock rates, and access all pricing workflows on mobile devices, enhancing efficiency in post-lock workflows, reprice extensions, price exceptions, and relocks.
  • Simplify processes through automated calculations of loan amounts, identification of loan-level price adjustments (LLPAs), and proactive display of the investor’s eligibility criteria against specific search queries.
  • Generate leads based on the company’s historically funded pipeline, fostering growth and expansion.

Another compelling reason for choosing Polly was its user interface (UI) and unparalleled configurability, which promise to save considerable time for back-end capital markets and secondary teams. Moreover, this adaptability allows the company to swiftly adjust its business strategies in response to the evolving market needs.

“Our foremost commitment is to equip our team for success, continuing to enhance our mortgage tech stack to ensure our sales force is competitive and capable of winning more business. Incorporating Polly’s PPE is a crucial step in our tech advancement strategy and our broader evolution,” Kauffman elaborated.

Adam Carmel, Founder and CEO of Polly, expressed his gratitude for the collaboration with All Western Mortgage, emphasizing Polly’s goal to revolutionize mortgage capital markets and offer tangible value and ROI to its partners. The focus on improving the loan officer experience aligns perfectly with All Western Mortgage’s dedication to technologically empower their salesforce.

About All Western Mortgage:

Established in 1981 and based in Las Vegas, All Western Mortgage stands as Nevada’s largest privately owned mortgage bank. Operating for over 40 years, the company’s unwavering commitment to trust and sound business practices continues to pave the way as a leader in the mortgage sector.

About Polly:

Founded in 2019 and headquartered in San Francisco, Polly has ushered in a new era in the mortgage industry through its modern, data-driven capital markets ecosystem. The company offers banks, credit unions, and mortgage lenders a comprehensive suite of solutions including PPE, Loan Trading Exchange, actionable data, analytics, and advanced AI/ML capabilities to automate, optimize, and enhance profitability across the capital markets value chain.

Jordan Clark
Jordan Clarkhttps://www.businessorbital.com/
Jordan Clark brings a dynamic and investigative approach to business reporting. Holding a degree in Business Administration and a certification in Data Analysis, Jordan has an eye for detail and a knack for uncovering the stories behind the numbers. His career began in the bustling world of Silicon Valley startups, giving him firsthand experience in tech entrepreneurship and venture capital. Jordan's reports often focus on technology's impact on business, startup culture, and emerging

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