Awards and Honors, Business, Free News Articles

SimpleNexus Chief Customer Officer Andria Lightfoot earns a spot on National Mortgage Professional’s 40 Under 40 lineup

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced that Andria Lightfoot, chief customer officer, was selected as a 2021 40 Under 40 winner by National Mortgage Professional (NMP). The annual NMP 40 under 40 awards recognize 40 of the most influential housing finance professionals under the age of 40 whose innovative products and strategies are paving the way in the mortgage industry.

Lightfoot oversees multiple SimpleNexus departments, including professional services, implementation and customer service. With 15 years' experience in the mortgage industry, she is known for her innovative leadership in process optimization and technology configuration.

"I am lucky to work at SimpleNexus, where I have the unique opportunity to serve at the forefront of the digital mortgage revolution," said Lightfoot. "It's an incredible honor for National Mortgage Professional to recognize my achievements in this groundbreaking industry."

In just eight months, Lightfoot has grown SimpleNexus' Nexus Closing from four to 54 enterprise customers, increased weekly eClosings from 78 to 2,500 and increased departmental employee diversity by more 50%. Prior to joining SimpleNexus, Lightfoot served as chief operations officer at George Mason Mortgage, LLC, providing strategy for enterprise software solutions and implementing innovative change management initiatives.

The full list of 2021 NMP 40 Under 40 winners can be found in the November issue of National Mortgage Professional Magazine or online at https://nationalmortgageprofessional.com/.

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Related link: https://simplenexus.com/

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Awards and Honors, Business, Free News Articles

SimpleNexus’ Shane Westra and Suzy Djilas recognized for outstanding leadership in mortgage technology

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced that two staff members were honored by housing finance media organizations for their respective contributions to the mortgage industry. Chief Product Officer Shane Westra was named a 2021 Tech Trendsetter by HousingWire (HW) and Enterprise Account Executive Suzy Djilas was named a 2021 Mortgage Lending Woman of Inspiration by National Mortgage Professional (NMP) Magazine.

Shane Westra, HW Tech Trendsetters award recipient

The HW Tech Trendsetters award program recognizes the 50 most impactful and innovative technology leaders serving the housing economy. Westra was honored for bringing to market products that improve lender productivity and borrower experience at SimpleNexus. Notably, Westra managed the rapid build-out of Nexus Closing, SimpleNexus' electronic closing platform, which offers borrowers a streamlined closing experience that includes integrated remote online notarization (RON) and eSigning.

"I am honored to receive this award from HousingWire, a media outlet with widespread influence in the mortgage industry," said Westra. "I would like to thank my team at SimpleNexus for their dedication to building innovative digital tools that lead to significant efficiency gains, greater data integrity and faster delivery of loans to the secondary market."

"This year's list of Tech Trendsetters have, yet again, proven to be the driving force behind the digital transformation in housing," HousingWire Editor and Chief Sarah Wheeler said. "This impressive list of honorees are finding solutions to some of the industry's toughest challenges from improving the borrower's journey to streamlining every step of the real estate transaction process."

Suzy Djilas, NMP Mortgage Lending Women of Inspiration recipient

NMP's Mortgage Lending Women of Inspiration have made significant contributions to the mortgage industry through demonstrated leadership and innovative initiatives. Over 15 years, Suzy Djilas has built a reputation as a mortgage technology sales powerhouse who understands how to help lenders get the most from their investments in software. In the wake of the pandemic, Djilas worked hand-in-hand with lenders to ensure that loan officers maintained productivity while working remotely using the SimpleNexus app. She also kept deals moving forward with consumer-facing tools such as mobile disclosures and hybrid eClosings.

"The mortgage industry can feel a bit like a boys' club sometimes, which can be somewhat intimidating for young women considering a career in the industry," said Djilas. "I would encourage those young women to connect with strong female mentors like the women honored with this award, and seek out a company with a culture of support and diversity, which I am fortunate to have found at SimpleNexus."

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Related link: https://simplenexus.com/

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Awards and Honors, Business, Free News Articles

SimpleNexus’ Shane Westra and Suzy Djilas recognized for outstanding leadership in mortgage technology

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced that two staff members were honored by housing finance media organizations for their respective contributions to the mortgage industry. Chief Product Officer Shane Westra was named a 2021 Tech Trendsetter by HousingWire (HW) and Enterprise Account Executive Suzy Djilas was named a 2021 Mortgage Lending Woman of Inspiration by National Mortgage Professional (NMP) Magazine.

Shane Westra, HW Tech Trendsetters award recipient

The HW Tech Trendsetters award program recognizes the 50 most impactful and innovative technology leaders serving the housing economy. Westra was honored for bringing to market products that improve lender productivity and borrower experience at SimpleNexus. Notably, Westra managed the rapid build-out of Nexus Closing, SimpleNexus' electronic closing platform, which offers borrowers a streamlined closing experience that includes integrated remote online notarization (RON) and eSigning.

"I am honored to receive this award from HousingWire, a media outlet with widespread influence in the mortgage industry," said Westra. "I would like to thank my team at SimpleNexus for their dedication to building innovative digital tools that lead to significant efficiency gains, greater data integrity and faster delivery of loans to the secondary market."

"This year's list of Tech Trendsetters have, yet again, proven to be the driving force behind the digital transformation in housing," HousingWire Editor and Chief Sarah Wheeler said. "This impressive list of honorees are finding solutions to some of the industry's toughest challenges from improving the borrower's journey to streamlining every step of the real estate transaction process."

Suzy Djilas, NMP Mortgage Lending Women of Inspiration recipient

NMP's Mortgage Lending Women of Inspiration have made significant contributions to the mortgage industry through demonstrated leadership and innovative initiatives. Over 15 years, Suzy Djilas has built a reputation as a mortgage technology sales powerhouse who understands how to help lenders get the most from their investments in software. In the wake of the pandemic, Djilas worked hand-in-hand with lenders to ensure that loan officers maintained productivity while working remotely using the SimpleNexus app. She also kept deals moving forward with consumer-facing tools such as mobile disclosures and hybrid eClosings.

"The mortgage industry can feel a bit like a boys' club sometimes, which can be somewhat intimidating for young women considering a career in the industry," said Djilas. "I would encourage those young women to connect with strong female mentors like the women honored with this award, and seek out a company with a culture of support and diversity, which I am fortunate to have found at SimpleNexus."

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Related link: https://simplenexus.com/

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Awards and Honors, Business, Free News Articles

SimpleNexus makes third consecutive appearance on Deloitte Technology Fast 500™, ranking number 292

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced it earned the number 292 spot on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies in North America, now in its 27th year.

The homeownership platform's "from anywhere" functionality and ability to support a modern home lending experience from point-of-thought to post-close were the primary catalysts behind its 433% revenue growth.

"SimpleNexus' commitment to providing its mortgage lender customers with a measurable return on investment by way of reducing turn times, generating referral partnerships and increasing loan application submissions has rapidly enlarged our footprint in the housing industry," said SimpleNexus Chief Executive Officer Cathleen Schreiner Gates. "We are honored to be recognized on the Deloitte Technology Fast 500 alongside other world-class companies who are making waves in their respective industries."

"Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception," said Paul Silverglate, vice chair, Deloitte LLP and U.S. technology sector leader. "In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success."

"The pandemic has underscored the urgent need for tech solutions in a variety of areas across health care, fintech, energy tech, entertainment, to name a few, so reliance on innovators like the winners of the Technology Fast 500 is more important than ever," said Christie Simons, partner, Deloitte & Touche LLP and industry leader for technology, media and telecommunications within Deloitte's audit & assurance practice. "These companies are not only at the cutting edge, transforming the way we do business, but most importantly, recognize the strategic importance of ongoing innovation, especially in the ever-changing world of technology."

SimpleNexus has made multiple consecutive appearances on the Technology Fast 500™, having ranked 143 on the list in 2020, and 102 in 2019.

Overall, 2021 Technology Fast 500™ companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%.

About SimpleNexus

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. For more information, visit https://www.simplenexus.com/ or follow @SimpleNexus.

About the 2021 Deloitte Technology Fast 500™

Now in its 27th year, the Deloitte Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech companies - both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2017 to 2020.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least US$50,000, and current-year operating revenues of at least US$5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ("DTTL"), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as "Deloitte Global") does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the "Deloitte" name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

Related link: https://simplenexus.com/

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Business, Free News Articles, Latino Interests, Product Launches, Software

SimpleNexus helps lenders better serve Spanish-speaking borrowers with launch of Nexus Bilingual

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the release of Nexus Bilingual(tm), a new feature that makes the loan process more accessible to prospective homebuyers who prefer to communicate in Spanish by gathering initial loan information in Spanish.

According to the National Community Reinvestment Coalition (NCRC) 2019 report on Hispanic Lending, more than 470,000 Hispanic people became homeowners in 2019. Nexus Bilingual helps lenders better serve America's expanding Hispanic homebuyer market with tools that generate borrower confidence and help overcome language barriers. While not a full loan application, Nexus Bilingual makes kickstarting the loan process more accessible to prospective homebuyers by providing them with a Spanish-language purchase or refinance loan inquiry form option.

"At SimpleNexus, we believe the homeownership dream should be more accessible to everyone," said SimpleNexus Founder Matt Hansen. "Nexus Bilingual has been a high-priority project of our newly formed skunkworks team and is based on direct market input. It's been personally satisfying to lead the development of a feature that now enables our lender partners to overcome language barriers, increase user confidence and connect with Spanish-speaking borrowers as they embark on the homeownership journey."

A convenient desktop and mobile-responsive experience, Nexus Bilingual enables prospective borrowers to initiate purchase and refinance mortgage loan inquiries in Spanish. When prospective borrowers submit a Spanish-language loan inquiry, Nexus Bilingual informs them that a member of their lender's Spanish-speaking staff will reach out to help them complete the process in English and educate them on next steps.

For more information about the Nexus Bilingual functionality, contact sales@simplenexus.com.

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com/ or follow @SimpleNexus.

RELATED LINKS:
https://ncrc.org/hispanic-mortgage-lending-2019-analysis/

Related link: https://simplenexus.com/

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Business, Free News Articles, Reports and Studies

SimpleNexus’ Mortgage Loan Compensation Report for Q3 2021 shows year-over-year decline in individual LO commission led by waning refi volume

LEHI, Utah -- SimpleNexus, owner of the recently acquired LBA Ware™, a leading provider of incentive compensation management (ICM) and business intelligence (BI) software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry loan compensation in the third quarter of 2021. Analysis of data from the CompenSafe™ ICM platform showed that declining loan volume in Q3 2021 compared to Q3 2020 pushed quarterly loan originator (LO) commission earnings down 17%. Over the same period, mortgage lenders increased loan processor staffing by roughly a quarter while funding fewer loans, driving average individual processor incentive compensation down by a third.

Methodology

SimpleNexus' LBA Ware team reviewed account data for mortgage lenders who used CompenSafe to automate incentive compensation throughout the third quarters of both 2020 and 2021. The controlled sample dataset consisted of retail, first-lien production from LOs and loan processors with at least six funded loans during the three-month period beginning July 1, 2021, and ending September 30, 2021.

Key Findings
* Monthly commissions earned per LO in Q3 2021 decreased 17% overall from Q3 2020. Monthly refinance commissions decreased 37%, accounting for most of the shortfall, while monthly purchase loan commissions held relatively steady, rising just 2%.

* Overall, LOs saw a 2.44% decrease in per-loan commission rates from 102.878 basis points (BPS) in Q3 2020 to 100.372 BPS in Q3 2021. Notably, lenders dialed down per-loan commission rates on refinances by 7.17%, from 95.210 BPS in Q3 2020 to 88.384 BPS in Q3 2021. BPS paid out on purchase loans decreased 1.58% from 109.838 to 108.102.

* LOs averaged $2.2M in funded volume per month in Q3 2021, a decrease of 14.9% from Q3 2020 ($2.6M). Purchase volume funded by individual LOs increased 4% from $1.4M in Q3 2020 to $1.5M Q3 2021, and refinance volume declined 32% from $1.3M to $0.9M during the same period.

* LO staffing levels held relatively steady from Q3 2020 to Q3 2021, dipping just 2%. Simultaneously, loans funded per LO per month decreased 22%, with LOs in the sample set averaging 9.0 loans a month in Q3 2020 versus 7.0 loans a month in Q3 2021.

* Loan processor staffing grew 23% from Q3 2020 to Q3 2021. Loan processors averaged 29% fewer loans per month in Q3 2021 (15.2 units) compared to Q3 2020 (21.5 units), fueling a 33% decrease in quarterly bonus compensation earned from $3,201 per processor per month in Q3 2020 to $2,140 in Q3 2021.

"The heyday of ultra-low rates and enormous refinance volume is over, and compensation is starting to settle back to pre-pandemic levels. On the bright side, 2021 is still shaping up to be the second-highest production year in the last decade, with modest growth in the purchase market helping take the edge off declining refinance volumes," said SimpleNexus EVP and General Manager Lori Brewer. "We will be watching to see if lenders reduce headcount or take a more conservative approach to incentive comp to protect margin."

About SimpleNexus, LLC:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com/ or follow @SimpleNexus.

Related link: https://simplenexus.com/

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Awards and Honors, Business, Free News Articles

SimpleNexus recognized for a third year as one of Utah’s fastest-growing companies in three independent rankings

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, has been highlighted in three lists honoring 2021's fastest-growing Utah companies: Utah Business magazine's Fast 50, UtahValley360 BusinessQ magazine's UV50 and MountainWest Capital Network's Utah 100.

SimpleNexus made its third consecutive appearance on the Fast 50 and UV50, both of which ranked the SimpleNexus #15 in the state based on revenue growth. This year also marked the company's fourth consecutive appearance on the Utah 100, which placed SimpleNexus #18 statewide.

To date, SimpleNexus has connected its 41,000 active loan originators with more than 5.8 million borrowers and 141,000 real estate partners and grown to touch approximately one in eight home loans originated in the United States.

"2020 was our biggest year yet. Our persistent growth is a testament to consumers' desire for a digital homeownership journey and SimpleNexus' category leadership in this space," said SimpleNexus CEO Cathleen Schreiner Gates. "We're honored to return to the Utah Business Fast 50, UV360 UV50 and MountainWest Capital Network Utah 100 lists and thank each publication for this recognition."

To view the full lists of Utah's Fast 50, UV50 and Utah 100 honorees online, visit:

* https://www.utahbusiness.com/meet-the-2021-fastest-growing-companies-in-utah/

* https://utahvalley360.com/2021/09/28/2021-uv50:-fastest-growing-companies/

* https://www.mwcn.org/utah-100/

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platform's native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey.

Related link: https://simplenexus.com/

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Business, Free News Articles, Software

SimpleNexus is acquiring LBA Ware

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced its acquisition of Macon, Georgia-based software firm LBA Ware™ (https://www.lbaware.com). The strategic transaction, SimpleNexus' first, brings together 325 employees in 29 states to serve 425 distinct lender customers and dozens of mortgage technology integration partners.

"Bringing LBA Ware into the SimpleNexus homeownership platform gives mortgage lenders an unprecedented array of competitive advantages across borrower engagement, loan origination and closing as well as operations and business intelligence," said SimpleNexus CEO Cathleen Schreiner Gates. "This is an exciting moment for SimpleNexus. We welcome our new colleagues, who share our passion for helping lenders excel in their markets."

"As a company that values our partnerships with SimpleNexus and LBA Ware, we recognize this as an exciting moment for both firms and an opportunity for two market-leading teams to come together to push the boundaries of innovation on behalf of mortgage bankers," said Randy Allen, CIO of nationwide lender Fairway Independent Mortgage Corporation.

LBA Ware CEO Lori Brewer will join SimpleNexus as EVP and general manager. Brewer founded LBA Ware in 2008 and shepherded the bootstrapped company through thirteen years of product innovation and organic revenue growth. Initially a developer of custom software solutions for banks and mortgage lenders, LBA Ware soon made a name for itself as the creator of CompenSafe™, the mortgage industry's original and most prevalent incentive compensation management (ICM) software. In 2019, LBA Ware diversified its product offerings with the introduction of LimeGear™, a turnkey mortgage business intelligence (BI) platform.

"Together, LBA Ware and SimpleNexus will be able to offer mortgage lenders even more than the sum of our parts and redefine not only the digital mortgage experience, but also the mortgage BI category," Brewer said. "As consistent forces for innovation in the mortgage space, our firms have remarkably compatible cultures and complementary products. We look forward to a bright future as a unified team."

SimpleNexus and LBA Ware have more in common than their compatible cultures. Both companies have become perennial members of the Inc. 5000 list of America's fastest-growing private companies, and each has earned a loyal customer following exemplified by an average Net Promoter Score(r) that far surpasses benchmarks for the financial services and B2B software sectors. SimpleNexus and LBA Ware are both longtime members of Mortgage Bankers Association (MBA), The Mortgage Collaborative (TMC) and the American Credit Union Mortgage Association (ACUMA), among other industry associations.

The deal is expected to close by October 19, 2021.

Lenders attending the Mortgage Bankers Association's 2021 Annual Convention and Expo are invited to join SimpleNexus for a welcome reception co-hosted by Notarize and Regorra at the San Diego Wine and Culinary Center on Sunday, October 17, from 7:30 to 10:00 p.m. PT. Schreiner Gates and Brewer will be on hand to meet with those who wish to learn about the acquisition.

Brewer is also a featured speaker at the conference. On Tuesday, October 19, she will join Success Mortgage Partners CEO Owen Lee and iEmergent CEO Laird Nossuli for a session designed to teach lenders how to manage costs and make smart staffing decisions with operational data and key performance indicators (KPIs). "Balancing Your Talent Pool" takes place from 1:30-2:30 p.m. in Room 1 on the Convention Center's Upper Level.

About SimpleNexus:

Founded in 2011, SimpleNexus is an award-winning developer of mobile-first technology for the modern mortgage lender. Lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world's Best Workplaces for Innovators.

For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

###

RELATED LINKS:

https://www.lbaware.com/compensafe

https://www.lbaware.com/limegear

https://www.eventbrite.com/e/mba-annual-cocktail-party-tickets-168481535809

https://www.linkedin.com/company/simplenexus/

Related link: https://simplenexus.com/

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Business, Free News Articles, Product Launches, Software

SimpleNexus debuts in-app payments with Nexus Pay at MBA Annual21

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the debut of Nexus Pay at the Mortgage Bankers Association's Annual Convention and Expo (MBA Annual21) happening October 17-20 at the San Diego Convention Center.

Powered by global payment technology provider Global Payments (NYSE: GPN), Nexus Pay enables mortgage loan applicants to seamlessly pay for any mortgage-related charges. Payments such as appraisal fees, credit checks, first month's payment and more can be fulfilled in the same mobile hub borrowers use to receive loan status updates, eSign documents, collaborate with loan officers and Realtors and complete other loan-related tasks.

Nexus Pay makes it easy for loan applicants to submit payments via credit card or ACH within the SimpleNexus app without human assistance, accelerating delivery of payments and creating process efficiencies for mortgage lenders. In-app push notifications alert applicants when they need to complete a payment task, and lenders can use the SimpleNexus admin portal to track payment history; view payment status on the borrower's loan details page; and edit, void or refund payments if necessary.

"With Nexus Pay, we've removed the friction that often occurs when payments are required in the mortgage workflow, making it easier and quicker for borrowers to pay - and lenders to receive - those payments," said SimpleNexus Chief Product Officer Shane Westra. "By folding another step of the homeownership journey into the SimpleNexus app, lenders can provide their customers an industry-leading, on-brand home financing experience from start to finish."

See Nexus Pay in Action

Mortgage lenders attending MBA Annual21 are invited to join SimpleNexus for a welcome reception co-hosted by Notarize and Regorra at the San Diego Wine and Culinary Center on Sunday, October 17, from 7:30 to 10:00 pm PT.

SimpleNexus will present a live demonstration of Nexus Pay on Tuesday, October 19, during the 12:30-1:15 p.m. PT lunch break. The demo will take place at the Innovation Stage, Ground Level, Exhibit Hall A.

Conference attendees can also stop by SimpleNexus' booth #601 in THE HUB during exhibition hours on Sunday, October 17, from 6 to 7:30 pm PT, on Monday, October 18, from 10 a.m. to 5 p.m. PT or on Tuesday, October 19, from 9:30 a.m. to 4 p.m. PT.

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platform's native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey.

Learn more at: https://www.simplenexus.com/

RELATED LINKS:

https://www.mba.org/conferences-and-education/event-mini-sites/annual-convention-and-expo/

https://www.globalpaymentsintegrated.com/

Related link: https://simplenexus.com/

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Business, Free News Articles, Software

Innovative approach to digital home loan experience propels SimpleNexus to market-leading adoption by loan originators and consumers

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced new milestones in the company's bid to "build the future of mortgages."

SimpleNexus has onboarded more than 66 new enterprise customers in 2021. The number of active loan originators (LOs) using SimpleNexus at the beginning of Q4 surpassed 41,000, a 48% increase from the start of the year. Using SimpleNexus, those LOs have connected with more than 5.8 million borrowers and 141,000 real estate partners. So far in 2021, SimpleNexus has touched more than $419 billion in loan volume.

Since debuting Nexus Closing™ earlier this year, SimpleNexus has swiftly enhanced the single-platform eClosing solution with remote online notarization (RON), eNote and eVault capabilities underpinned by new strategic integrations with Notarize and DocMagic. Nexus Closing went on to earn the coveted designation of certified eClosing solution provider from Fannie Mae and Freddie Mac in September.

"Following a record-setting 2020 and a fresh infusion of support from our investors, SimpleNexus entered 2021 at a ferocious pace - and we have never let off the gas," said CEO Cathleen Schreiner Gates. "The pace of innovation at SimpleNexus is outstripping our competition, positioning us as category leaders that lenders, real estate partners and consumers are excited to be a part of."

Schreiner Gates made a name for herself in the mortgage industry as executive vice president of Ellie Mae (NYSE: ELLI), later acquired by Intercontinental Exchange (NYSE: ICE). She then served as SimpleNexus' president before accepting the firm's top job in May of this year. She has gone on to retool the SimpleNexus C-suite with the appointments of Kevin McKenzie as chief operating officer, John Aslanian as chief revenue officer and Andria Lightfoot as chief customer officer.

In August, SimpleNexus earned a spot on the Inc. 5000 list of America's fastest-growing private companies for a fourth consecutive year. The company was also named to CB Insights' Fintech 250 list of top private fintechs worldwide and HousingWire's Tech 100 list of the most innovative companies in mortgage technology. SimpleNexus made its debut on Fast Company's list of the world's Best Workplaces for Innovators this year, ranking #47 out of 100.

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platform's native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey.

Related link: https://simplenexus.com/

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