New funding will allow Polly's product and engineering teams to double down on new product innovation, including a new AI platform that was recently in closed beta testing
A growing network of partners including CoreLogic and Byte Software are accessing Polly's capital markets platform and product and pricing engine through application programming interfaces
Polly says Lender Intelligence harnesses advanced data science and machine learning tools to give lenders a holistic view of their business and the wider competitive landscape
New API integration allows lenders to generate 'highly tailored' marketing materials that include rate, monthly payment and APR based on unique borrower details
Ability to retrieve quotes helps borrowers assess their options and streamlines the mortgage insurance process for lenders
Menlo Ventures, a backer of HomeLight and Qualia, led the funding round and will take a seat on San Francisco-based startup's board