Polly Capital Markets vs MIAC Analytics

What the rubric says

Polly Capital Markets and MIAC Analytics are both scored in Secondary & Capital Markets. Polly Capital Markets carries an overall of 3.3, MIAC Analytics an overall of 3. The widest gap between them is Integrations and ecosystem, at 1.3 of a point. That axis measures how well it reaches the rest of the stack. Polly Capital Markets takes it, 3.6 to 2.3.

Where the five axes separate

On Integrations and ecosystem the record favours Polly Capital Markets, 3.6 against 2.3. On Adoption and support the record favours Polly Capital Markets, 3.6 against 2.5. On Functionality and depth the record favours MIAC Analytics, 3.6 against 3.1. On Return on spend the record favours Polly Capital Markets, 3.1 against 2.8. On Production impact the record favours Polly Capital Markets, 3.3 against 3.

In Secondary & Capital Markets the rubric weights Production impact heaviest, at 35 percent. That is why the two overalls sit where they do.

How the weights turn axes into a score

Production impact carries 35 percent of the Secondary & Capital Markets score. It measures whether the tool moves volume, pull-through or cycle time. Functionality and depth carries 30 percent of the Secondary & Capital Markets score. It measures whether it handles the messy loans and not just the clean file. Integrations and ecosystem carries 15 percent of the Secondary & Capital Markets score. It measures how well it reaches the rest of the stack. Adoption and support carries 10 percent of the Secondary & Capital Markets score. It measures whether the team adopts it and gets unstuck. Return on spend carries 10 percent of the Secondary & Capital Markets score. It measures what the spend returns, which is not the same as being cheap.

Pricing posture

Polly Capital Markets does not publish pricing. Its listed model is quote only, demo-gated. MIAC Analytics does not publish pricing. Its listed model is quote only; software licences and advisory engagements priced separately.

Deployment and who each one targets

Deployment for Polly Capital Markets: Cloud, with bi-directional LOS APIs. Deployment for MIAC Analytics: Licensed software and hosted analytics, with advisory and brokerage services alongside. Segment focus for Polly Capital Markets: Lenders wanting a modern loan sale desk without changing hedge advisors. Segment focus for MIAC Analytics: Servicers and investors valuing MSRs and whole loans, plus lenders wanting hedge advisory. The two entries name different buyers.

What each record credits

Polly Capital Markets: Documents a bi-directional Encompass API with automated writebacks on loan data changes. Polly Capital Markets: Names Fannie Mae and Freddie Mac as reachable, plus private buyers like PennyMac. Polly Capital Markets: Code-free rule editor lets a secondary analyst change investor criteria without engineering. Polly Capital Markets: Live TBA benchmarking gives sellers a market reference during volatility. MIAC Analytics: Independent since 1989, established enough on valuation and brokerage for ASC 820 work. MIAC Analytics: CORE models cover prepayment, credit frequency, loss severity and term structure. MIAC Analytics: MarketShield unites hedging analytics, loan-level pricing, spec pool valuation and execution oversight. MIAC Analytics: Reports 300-plus clients worldwide, with staff in four US locations plus London and India.

What each record holds against them

Polly Capital Markets: No hedging: you still pay someone else for pipeline risk management. Polly Capital Markets: No pricing, funding history, investor list or client count is published anywhere. Polly Capital Markets: Named investor connections are few, so buyer network breadth stays unproven. Polly Capital Markets: Encompass is the only LOS named, leaving other systems without a documented path. MIAC Analytics: No integrations named at all, so feeding position and pipeline data is on you. MIAC Analytics: No ownership or investor disclosure published. MIAC Analytics: Over 25 products with thin public documentation, so scope stays unclear before sales calls. MIAC Analytics: Analyst-grade tooling with a matching learning curve; generalists will not pick it up.

Which one fits which shop

Best fit for Polly Capital Markets: A secondary team drowning in manual bid tape preparation and post-sale commits. Best fit for MIAC Analytics: A servicer that needs an independent ASC 820 valuation and the models behind it.

What each entry concludes

Polly Capital Markets: Polly’s capital markets offering is a loan trading exchange beside its pricing engine, and its defining choice. Polly Capital Markets: You keep whoever advises your hedge and use Polly for tape creation, best execution, the commit workflow. Polly Capital Markets: The specifics are unusually concrete for this category. Polly Capital Markets: A code-free rule editor, one-click bid tapes, live TBA benchmarking and a documented bi-directional Encompass API all. Polly Capital Markets: Hedge-agnostic also means no hedging, so this cannot be the whole secondary stack. MIAC Analytics: MIAC has done mortgage valuation and analytics since 1989, split about evenly between software and services. MIAC Analytics: MarketShield covers pipeline hedging analytics, loan-level pricing, spec pool valuation and execution oversight. MIAC Analytics: Around it sit the CORE behavioural models plus collateral management, securitization, CECL and due diligence tools. MIAC Analytics: Services span independent fair value opinions, due diligence, asset sales and hedge advisory, the usual first engagement. MIAC Analytics: Choose MIAC when the number has to hold up with an auditor and independence matters.

The short answer

Polly Capital Markets finishes ahead on the published rubric, 3.3 to 3. The margin comes mostly from Integrations and ecosystem. Same rubric, same weights, no sponsorships.