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HomeNational MortgageFormer Ellie Mae CEO joins board of administrators at Polly

Former Ellie Mae CEO joins board of administrators at Polly

Polly, a supplier of buying and selling software program to the mortgage business, introduced the appointment of three new administrators to its board, together with expertise veteran and former Ellie Mae govt Jonathan Corr.

The now-retired president and CEO of Ellie Mae privatized the digital mortgage platform in 2019 earlier than orchestrating an $11 billion sale to ICE Mortgage Expertise. In 18 years with Ellie Mae, Corr additionally held the roles of chief working officer, chief technique officer amongst different positions, enjoying a key position in taking the corporate public in 2011. At Ellie Mae, Corr helped develop the corporate’s income from $5 million to virtually $1 billion. Earlier than arriving at Ellie Mae, Corr had additionally helped lead different expertise companies, together with PeopleSoft and Netscape Communications, and advocated for better adoption of automation. 

Left to proper: Adam Aarons, Jonathan Corr, Katy Shields

“Polly is on a mission to reimagine the mortgage capital markets vertical and allow new methods of doing enterprise. Jonathan can clearly see the path that we’re heading in and is uniquely positioned to assist us execute on that imaginative and prescient,” stated Polly Founder and CEO Adam Carmel in a press launch.

Since retiring, Corr has additionally served on boards of special-purpose acquisition firm Independence Holdings and appraisal valuation fintech Reggora, each of which he joined in 2021. He was additionally as soon as a member of the Mortgage Bankers Affiliation board of administrators. 

Polly gives a product and pricing engine for lenders within the secondary market, in addition to a loan-trading trade and knowledge analytics companies, using synthetic intelligence and cloud software program.

Along with Corr, the San Francisco-based startup additionally tapped expertise business leaders Adam Aarons and Katy Shields to its board. Aarons was the previous chief income officer of id administration software program agency Okta, whereas Shields presently serves as head of individuals at meals supply platform DoorDash. 

The addition of the three new administrators follows the appointment in March of former Fannie Mae govt Andrew Bon Salle to the board. Previous to that announcement, Polly had simply secured $37 million in Collection B funding, upping its complete raised quantity to $52 million, in accordance with Crunchbase. The corporate was based in 2019.

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