Polly, a provider of trading software to the mortgage industry, announced the appointment of three new directors to its board, including technology veteran and former Ellie Mae executive Jonathan Corr.
The now-retired president and CEO of Ellie Mae privatized the digital mortgage platform in 2019 before orchestrating an $11 billion sale to ICE Mortgage Technology. In 18 years with Ellie Mae, Corr also held the roles of chief operating officer, chief strategy officer among other positions, playing a key role in taking the company public in 2011. At Ellie Mae, Corr helped grow the company's revenue from $5 million to almost $1 billion. Before arriving at Ellie Mae, Corr had also helped lead other technology businesses, including PeopleSoft and Netscape Communications, and advocated for greater adoption of automation.
Left to right: Adam Aarons, Jonathan Corr, Katy Shields
"Polly is on a mission to reimagine the mortgage capital markets vertical and enable new ways of doing business. Jonathan can clearly see the direction that we're heading in and is uniquely positioned to help us execute on that vision," said Polly Founder and CEO Adam Carmel in a press release.
Since retiring, Corr has also served on boards of special-purpose acquisition company Independence Holdings and appraisal valuation fintech Reggora, both of which he joined in 2021. He was also once a member of the Mortgage Bankers Association board of directors.
Polly offers a product and pricing engine for lenders in the secondary market, as well as a loan-trading exchange and data analytics services, employing artificial intelligence and cloud software.
In addition to Corr, the San Francisco-based startup also tapped technology industry leaders Adam Aarons and Katy Shields to its board. Aarons was the former chief revenue officer of identity management software firm Okta, while Shields currently serves as head of people at food delivery platform DoorDash.
The addition of the three new directors follows the appointment in March of former Fannie Mae executive Andrew Bon Salle to the board. Prior to that announcement, Polly had just secured $37 million in Series B funding, upping its total raised amount to $52 million, according to Crunchbase. The company was founded in 2019.
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