Exec brings a wealth of knowledge and decades of experience in mortgage capital markets
Mortgage technology company Polly has announced that former Fannie Mae executive Andrew Bon Salle (pictured) has joined its board of directors.
The San Francisco-based start-up said the appointment follows a record year of growth for Polly, which processed nearly $4billion in loans per month in the past year. The company also raised $37 million in a recent Series B funding round.
“Polly is building the next-generation suite of capital markets technology, with a unique mix of technical and mortgage banking experience geared toward solving complex challenges that have plagued the industry,” Bon Salle said. “By breaking old habits and redefining the mortgage process through innovation and modern technology, the team is able to improve the daily lives of mortgage originators and solve pain points across the product management, pricing, and loan sale and securitization journeys in a very unique and forward-thinking way.”
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Throughout his nearly 30-year tenure at Fannie Mae, Bon Salle served in various leadership roles, including executive vice president of the GSE’s single-family mortgage business. He is currently the chairman of wholesale lending giant Homepoint.
“Polly is focused on reimagining mortgage capital markets, and Andrew fully understands that potential impact with his wealth of knowledge and decades of experience in this space,” said Adam Carmel, founder and CEO of Polly. “Andrew’s proven leadership will be invaluable as we continue to solve legacy problems for our customers and the industry as a whole. With his passion for innovation and helping companies scale, we are confident that Andrew will help Polly make a tremendous impact in the years to come.”
