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, 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.

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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/

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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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Awards and Honors, Business, Free News Articles

SimpleNexus lands on the 2021 Inc. 5000, marking its fourth consecutive year on the list

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced it has been included on the Inc. 5000 list for the fourth consecutive year.

Including 15 of the top-25 retail lenders, more than 39,000 loan officers at over 300 mortgage companies nationwide use SimpleNexus. To date, the platform has enabled lenders to connect with 4.5 million borrowers and 141,000 real estate partners. In 2020 alone, SimpleNexus' homeownership platform touched $520 billion in loans.

"Since its founding, SimpleNexus has changed the way borrowers and lenders view mortgage technology," said SimpleNexus CEO Cathleen Schreiner Gates. "We are determined to make completing mortgage loans accessible from anywhere, for lenders and borrowers."

"The 2021 Inc. 5000 list feels like one of the most important rosters of companies ever compiled," says Scott Omelianuk, editor-in-chief of Inc. "Building one of the fastest-growing companies in America in any year is a remarkable achievement. Building one in the crisis we've lived through is just plain amazing. This kind of accomplishment comes with hard work, smart pivots, great leadership, and the help of a whole lot of people."

Among the Inc. 5000 list, the average median three-year growth rate soared to 543 percent, and median revenue reached $11.1 million. Together, those companies added more than 610,000 jobs over the past three years. The complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region and other criteria, can be found on the Inc. website.

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 platforms' 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.

About Inc. Media:

The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including web sites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Vision Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

Twitter: @SimpleNexus @Inc #Inc5000

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Business, Free News Articles, Software

SimpleNexus expands C-suite under leadership of Cathleen Schreiner Gates

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 executive appointments in operations, revenue generation and customer success. With this restructure, recently appointed CEO Cathleen Schreiner Gates deepens the tech firm's organizational chart and adds her stamp to an executive team focused on elevating the homeownership experience.

"SimpleNexus' continued success requires a corresponding commitment to ensuring the proper strategic-level thinking and oversight are in place in all aspects of the company," said SimpleNexus CEO Cathleen Schreiner Gates. "I've hand-selected these proven team members to help drive our strategy and prepare for future growth."

THE PROMOTIONS AND ORGANIZATIONAL CHANGES INCLUDE:

Kevin McKenzie, Chief Operating Officer (COO)

McKenzie, who is also the firm's chief financial officer (CFO), will absorb the responsibilities of COO, including oversight of human resources, information technology, legal, corporate development and facilities.

John Aslanian, Chief Revenue Officer (CRO)

Aslanian's promotion from senior vice president of sales to CRO recognizes his contributions to two years of record-breaking revenue growth for the firm. He joined SimpleNexus in 2019 as an established sales veteran with more than two decades of experience in the mortgage and software industries.

Andria Lightfoot, Chief Customer Officer (CCO)

Lightfoot, who joined SimpleNexus in March of this year as vice president of professional services, has leveraged her deep mortgage expertise to drive adoption of digital eClosing. As CCO, Lightfoot will oversee all customer-centric activities of SimpleNexus' customer division including, professional services, customer success, support, training, and integration engineering. Pam Faulkner, formerly director of mortgage solutions, will join Lightfoot's team as a vice president of customer journey.

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 platforms' 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/

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending

Related link: https://simplenexus.com/

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Business, Free News Articles

SimpleNexus Founder Matt Hansen to lead new skunkworks unit, names Cathleen Schreiner Gates CEO

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 Founder Matt Hansen will pass the CEO baton to President Cathleen Schreiner Gates. Hansen remains heavily involved with the firm, where he will double down on customer focus leading a task force of software developers and sales staff that specializes in tackling high-priority projects.

"SimpleNexus started as a passion project - an app to help my brother-in-law expand his mortgage business - and it has since grown beyond anything I originally imagined," said Hansen. "Over the past seven years, I've had the great pleasure of building a better homebuying experience for consumers and lenders with the help of hundreds of dedicated, passionate professionals."

"Now, by placing the leadership of SimpleNexus into Cathleen's highly capable hands, I have the opportunity to return to the work that brings me the most joy: focusing on the voice of the customer and rolling up my sleeves to lead projects that translate our users' needs into reality."

As CEO, Schreiner Gates will guide SimpleNexus to set the bar for what a homeownership platform should be as she leads operations and strategic decision-making. Schreiner Gates began her engagement with the organization as a board member in April 2020 and was named president in September 2020. She is a decorated mortgage technology leader. Previously, she served as EVP of sales and marketing at digital mortgage technology provider Ellie Mae (now ICE Mortgage Technology). During her tenure, Ellie Mae spent six consecutive years on the Deloitte Technology Fast 500 and negotiated a $3.7-billion purchase by private equity firm Thoma Bravo.

"Early on I recognized that SimpleNexus is more than another technology tool for lenders. Our team's empathy for our customers and enthusiasm for continuously improving the homebuying process is driving SimpleNexus to develop innovative tools that are fundamentally changing the mortgage experience for the better," said Schreiner Gates. "I am excited to continue helping SimpleNexus chart its course as a mortgage technology game-changer."

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 platforms' 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: https://www.simplenexus.com/

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending #peoplemovers

Related link: https://simplenexus.com/

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Awards and Honors, Business, Free News Articles, Software

SimpleNexus Founder and CEO Matt Hansen Lauded by Mortgage Bankers Association as 2021 Tech All-Star Award Recipient

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 Founder and CEO Matt Hansen has been honored by the Mortgage Bankers Association (MBA) as a 2021 Tech All-Star award recipient.

The MBA recognized Hansen for architecting the first-ever mobile-native homeownership platform that engages primary stakeholders in the mortgage transaction from their preferred internet-enabled device. Hansen's technology contributions have broadly impacted the mortgage lending experience, with 13% of U.S. home loans passing through the SimpleNexus platform. To date, SimpleNexus has connected 34,000 active LOs at over 300 mortgage lenders with more than 4.5 million borrowers and 141,000 real estate partners. In 2020 alone, SimpleNexus' homeownership platform touched $520 billion in loans.

As testament to the market momentum Hansen has generated through SimpleNexus, the company recently raised $108 million in a Series B funding round led by Insight Partners and has become one of the nation's fastest-growing private firms. Having organically increased revenue 834% from 2016 to 2019, SimpleNexus has appeared on the Inc. 5000 for the past three consecutive years, held a spot on the Deloitte Technology Fast 500 for the past two years and earned rankings on several of Utah's fastest-growing company lists.

"To be recognized by the MBA as a Tech All-Star is truly an honor," said Hansen. "SimpleNexus' past and future success hinges on our ability to listen to and collectively work in the best interest of our customers. I share this commendation with the SimpleNexus team whose love for the industry and hard work has helped bring groundbreaking technology to fruition."

Now in its 20th year, the MBA Tech All-Star award program recognizes innovative leaders for their contributions to mortgage lending through technology. Honorees will be honored at the MBA Spring Conference, April 20-22.

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 platforms' 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.

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending #peoplemovers

Related link: https://simplenexus.com/

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Business, Free News Articles

SimpleNexus Welcomes Andria Lightfoot as Vice President of Professional Services

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 hire of mortgage industry veteran, Andria Lightfoot, PMP, CSM, as vice president of professional services. In this role, Lightfoot will be responsible for ensuring SimpleNexus' professional service teams deliver industry-leading consultative and implementation services.

Most recently Lightfoot served as chief operations officer at George Mason Mortgage, LLC, where she led mortgage operations, provided strategy for enterprise software solutions and implemented innovative change management initiatives. During her six-year tenure at George Mason, Lightfoot reduced turn-times by three business days, increased application pull-through by 12% and reduced TRID tolerance cures by 150%.

Previously, Lightfoot led technology strategy at Prosperity Home Mortgage and J.G. Wentworth Home Lending. She has also served as senior business analyst at renowned mortgage technology consulting firm Teraverde.

“Andria is a proven mortgage technology leader with a demonstrated ability to improve processes,” said SimpleNexus President Cathleen Schreiner Gates. “Her experience leading transformational operational initiatives at mortgage lending organizations will be of great value to SimpleNexus customers.”

"Improving customer experience and streamlining processes has long been a passion of mine," said Lightfoot. "I am thrilled to join an organization that's at the forefront of changing mortgage technology for the better."

Lightfoot serves on the Mortgage Bankers Association CIO Committee. She is a frequent speaker at mortgage industry events and has been quoted in numerous publications including Forbes.

To view open positions at SimpleNexus, visit https://simplenexus.com/sn/careers/. Contact hr@simplenexus.com to submit a resume.

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 platforms' 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.

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending #peoplemovers

Related link: https://simplenexus.com/

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Alliances and Partnerships, Business, Free News Articles, Software

Embrace Home Loans Launching SimpleNexus Homeownership Platform for Its 300 Retail Mortgage Loan Officers in 2021

LEHI, Utah -- Top-ranked mortgage lender Embrace Home Loans today announced plans to roll out SimpleNexus, the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, to more than 300 retail mortgage LOs before the end of the year.

SimpleNexus is currently the mortgage industry's leading point-of-sale platform, serving more than 300 lenders across the United States. Embrace Home Loans is the first lender to leverage SimpleNexus in conjunction with Black Knight(r)'s Empower(r) loan origination system (LOS). Other unique aspects of the implementation include a new mobile disclosures integration with First American Docutech(r) and a first-of-its-kind feature that will allow borrowers to pay for appraisals in-app using a credit card.

"Embrace has been an amazing partner and has pushed us to extend SimpleNexus' already market-leading feature set. We can't wait to see how loan officers and borrowers respond to the improved experience," said SimpleNexus Founder and CEO Matt Hansen. "Moreover, this partnership could serve as a model for future Empower LOS users who would like to experience the benefits of SimpleNexus' end-to-end homeownership platform."

Embrace Home Loans was founded in 1983 as a consumer-direct lender headquartered in Middletown, Rhode Island, and has been steadily growing its retail origination channel since 2009. In addition to its consumer direct platform, the company currently employs more than 300 loan officers at branches along the East Coast. Embrace believes the new integration will empower its loan officers to provide even greater customer service, according to Customer Experience Director and Vice President Meghan Handy.

"We've been in business for 38 years, so we have a clear perspective on how to customize things for our team. We needed a solution that was LO-centric and pliable enough to let our team continue serving customers and Realtors in the way they prefer," said Handy. "SimpleNexus offers that kind of flexibility while at the same time equipping our LOs for success in the booming purchase market by transforming the way they work with borrowers and Realtors."

Embrace employees can expect a gradual phase-in of the SimpleNexus platform over the next several months. Handy expects her company will be delivering an improved customer experience - and seeing a measurable lift to loan volume - before the end of 2021.

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 platforms' 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/.

About Embrace Home Loans:

Founded in 1983, Embrace Home Loans is a prominent mortgage lender that provides borrowers and financial institutions with an exceptional mortgage experience. Licensed in all states except Hawaii, as well as the District of Columbia, Embrace has been recognized seven times as one of the Best Medium-sized Companies to Work for in America by Fortune and five times as one of the Fastest Growing Companies in America by Inc. The company has also been recognized fourteen times as one of the Best Places to Work in Rhode Island, as the Most Community Involved Company in Rhode Island, and with the Leadership Excellence Award by Providence Business News. The company is based in Middletown, Rhode Island. For more information, please visit https://www.embracehomeloans.com/.

Twitter: @SimpleNexus @EmbraceHomeLoan #digitalmortgage #mortgageindustry #mortgagelending

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Business, Free News Articles, Software

SimpleNexus accelerates momentum in 2020 with one of eight U.S. mortgage loans passing through its homeownership platform

LEHI, Utah -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced accelerated momentum in 2020 marked by expansive market growth and product innovation.

"The reason SimpleNexus continues to sweep the mortgage space is that it is the single-most complete homeownership journey platform for homebuyers and a relentlessly efficient lender tool," said Founder and CEO of SimpleNexus Matt Hansen. "From home search to application and from eClosing to securing homeowners insurance, SimpleNexus is truly a one-stop homeownership hub."

SimpleNexus has become one of the nation's fastest-growing firms, having ranked on the Inc. 5000 for three consecutive years and the Deloitte Technology Fast 500 for two consecutive years. The firm's 2020 growth was capped by a $108 million Series B funding round led by Insight Partners and supported by TVC Capital.

"SimpleNexus has established itself as a fast-paced innovator in the digital mortgage space," said TVC Capital Co-Founder and Managing Partner Jeb Spencer. "First it set the gold-standard for on-the-go usability and now it's defining what a seamless homeownership platform should be. We are excited to support the company as it blazes the trail to creating a harmonious homeownership journey."

SimpleNexus grew staff by 63% over the last 12 months as it worked to enhance its platform with dozens of new features designed to facilitate a more streamlined, "from anywhere" lending experience for all stakeholders in the mortgage lending process. For instance, last February saw the addition of Uniform Residential Loan Application (URLA)support and in-app review of Fannie Mae's Desktop Underwriter(r) (DU(r)) findings. July marked the release of SimpleNexus ConnectUs Chat, a messaging feature that supports real-time loan file collaboration between LOs, borrowers and real estate agents. In August, SimpleNexus debuted SimpleNexus eClosing, which enables hybrid and RON closings for purchase and refinance loans.

Also in 2020, an independent, third-party analysis conducted by MarketWise Advisors showed that lenders using SimpleNexus consistently produce more loans and spend less on per-loan operational expenses, receiving nine-times ROI from their spending on the platform. SimpleNexus maintains 98% customer retention, a rare feat in the SaaS world.

To date, SimpleNexus empowers 300 mortgage lenders to "do more," by connecting its 32,000 active LO users with more than 3 million borrowers and 141,000 real estate partners to produce 13 million mortgages totaling more than $3 trillion in volume.

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 platforms' 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/

Twitter: @SimpleNexus #digitalmortgage #mortgageindustry #mortgagelending

Related link: https://simplenexus.com/

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