ICE veteran Troy Coggiola has been named Chief Operating Officer (COO) at capital markets tech provider Polly, the company announced in a press release.
In his new role, Coggiola will head Polly’s product, implementation, support, and design teams.
The appointment comes on the heels of a year of record growth in both product innovation and industry adoption for the company, partnering with companies like MeridianLink and Curinos.
Coggiola brings more than two decades of mortgage tech experience to the position. He spent twelve years with ICE Mortgage Technology (then Ellie Mae Inc.), ultimately being named SVP of Product Development, where he helped grow the company into a leading SaaS provider.
He most recently served as Chief Product Officer for Accela, a provider of government technology.
“Polly’s client-centricity attracted me to the business,” he said. “Polly has not just developed a better mousetrap; they have architected a new generation of technology that is solving real industry pain that’s been present for far too long.”
“Mortgage capital markets is one of the last remaining, and necessary, mortgage tech transformations – and Polly is uniquely positioned to deliver.”
Coggiola is the company’s latest high-profile hire. Last year, Polly onboarded Parvesh Sahi, former SVP of Business and Client Development for ICE Mortgage Technology, as Chief Revenue Officer, as well as former Fannie Mae exec Andrew Bon Salle. Former Ellie Mae CEO Jonathan Corr sits on Polly’s board of directors.
Polly raised $37 million in Series B Funding in 2022. CEO Adam Carmel founded the company in 2019 on the premise that the mortgage industry is weighed down by “the same expensive and cumbersome processes and tasks that have been in use for decades” while other industries have innovated digitally.
“Since founding Polly, we’ve been laser-focused on providing innovative software solutions to our customers and partners that will enable them to meet the high expectations of today’s consumers while increasing their profitability. We’ve built a world-class platform that is unlike anything in the market,” he said.