Alliances and Partnerships, Business, Education and Schools, Free News Articles

Nomis Solutions forges strategic alliance with ed-tech non-profit Moneythink

SAN FRANCISCO, Calif. -- Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, today announced it has established a philanthropic partnership with Moneythink, a national ed-tech nonprofit. Through the partnership, Nomis has pledged to make annual investments in the Moneythink platform and advise Moneythink on ways it can further empower historically marginalized students to achieve college success through informed financial decision-making.

Moneythink is a tech-driven, college-success organization that provides game-changing solutions to the interrelated challenges of college affordability, student success and debt. Its trailblazing college comparison tool, DecidED, helps students quickly and accurately understand the affordability of their college options without relying solely on financial aid interpretation. Using the free web-based tool, students learn how to fit college affordability into their long-term goals, thus setting them on the path for future financial success.

"For more than a decade, Moneythink has been focused on the economic justice issues of college affordability and high student debt, and I've been witness to the favorable impact it has on an individual's financial health and success," said Frank Rohde, president and CEO of Nomis Solutions. "Nomis strives to contribute to a larger goal of financial prosperity and stability for generations to come and looks forward to a long partnership with Moneythink as we both work toward that objective."

"The Moneythink team is thrilled to receive Nomis' philanthropic support," said Moneythink CEO Joshua Lachs. "Nomis has been our long-time champion and instrumental to our organization in the early years, especially through Frank Rohde's knowledgeable guidance. We share a mutual goal of equipping and investing in future generations' financial wellbeing, and Moneythink is eager to forge this partnership for years to come."

Nomis joins an existing group of Moneythink partners operating in education, technology, data, and design that collectively support transformative progress resulting in student empowerment and reduced national debt.

About Nomis Solutions

Nomis Solutions is a global, industry-leading pricing and profitability management solutions provider that delivers competitive intelligence to bankers and Canadian mortgage lenders to facilitate more advanced pricing strategies. The company's analytics platform and end-to-end pricing tools enable retail banks and lenders to achieve customer- and borrower-centric pricing backed by real-time, actionable data. The platform also supports banks and lenders in their understanding and anticipation of the evolving demands of customers and borrowers, competitors, and ever-changing market conditions. For more information, please visit https://nomissolutions.com/.

About Moneythink

Since 2008, Moneythink's youth-focused financial capability work has served more than 33,000 high school students across the country. Moneythink's new college affordability comparison tool, DecidED, is positioned to tackle the inter-related college affordability and debt challenge at the scale and urgency at which it exists. DecidED helps students make confident, real-time, holistic enrollment decisions using essential information - all aligned with their individual goals and financial circumstances. In turn, students equip themselves for their future by building long-term financial wellness habits. Moneythink has received national recognition, such as Capital One's 2020 Give Back Nonprofit of the Year Award, Goldman Sachs' Impact Challenge Fan Favorite Award, The MassChallenge Winner, White House Champion of Change Award under President Obama, and many others. Moneythink has also collaborated with leading design and behavioral science firms, such as Ideo.org, Ideas42, PwC, and Fast Forward.

Related link: https://www.nomissolutions.com/

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Business, Free News Articles, Software

Nomis Solutions Appoints Fintech Veteran George Neal as Chief Product Officer, Promotes Prashant Balepur to SVP, Corporate Strategy and Partnerships

SAN FRANCISCO, Calif. -- Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, recently announced the appointment of George Neal as chief product officer. In this role, Neal will oversee strategy and development for new and existing products across all Nomis industry verticals. With a renewed corporate focus on strategic alliances and partner development, Nomis has also promoted Prashant Balepur to senior vice president of corporate strategy and partnerships. In his new position, Balepur will focus on accelerating existing partnerships as well as evaluating new partnership potentials.

"George is a tremendous addition to the Nomis team, and his vision for our product roadmap will benefit our clients and their customers in a remarkable way," explained Frank Rohde, president and CEO of Nomis Solutions. "While his two-plus decades of experience in fintech is certainly an asset, George also brings a fresh perspective and energy to Nomis, and we are enthusiastic about the direction in which we are heading under his leadership."

Neal joins Nomis from Q2, a digital banking solution, where he served as VP of data products. Previously, Neal spent several years as the chief analytics officer at PrecisionLender, which was acquired by Q2 in 2019. Prior to that role, Neal also gained extensive executive experience at American Savings Bank as the senior vice president of credit and analytics, technology and information security and support services. Neal's additional experiences at HEI, Aon Corporation 2G Consulting, and UBS have equipped him with both a strong technological and financial background.

"I am thrilled to join the team of pricing and profitability management experts at Nomis Solutions," said Neal. "The organization has established an excellent history in traditional pricing and modeling functions, truly setting the bar on understanding how price changes impact portfolios, balances, and overall profitability. We plan to leverage Nomis' immense knowledge across these functions into a cohesive and effective product strategy, providing our valued clients with best-in-class pricing and price execution."

Balepur assumes the SVP of corporate strategy and partnerships position, bringing deep market and technical knowledge to the role. During his tenure with Nomis Solutions, Balepur has played an integral part in leading product management, product marketing, and pre-sales.

"Prashant knows our customers, products, and partners intimately and has been invaluable in the evolution and growth of the organization," said Rohde. "He is perfectly positioned to engage our fintech partners to deliver joint offerings that drive success for our customers, partners, and Nomis."

"As a bank or lender, your goal is to win and serve clients - profitably. But too often, manual processes, rigid systems, and siloed data can limit your impact, disappointing customers, and frustrating employees," said Balepur. "Working with our fintech and cloud partners across data, digital, and core banking, Nomis is helping bring customer-centricity to every product, pricing and offer conversation and decision, resulting in a far more intelligent and impactful process for all parties involved."

Nomis partners with leading banks, mortgage lenders, and other financial institutions throughout the United States and Canada to deliver sophisticated price optimization tools. Through Nomis' advanced customer-centric pricing and profitability management solutions, lenders can leverage real-time data intelligence in a smarter way, to offer best-in-class pricing and deliver more value to their customers and borrowers.

About Nomis Solutions

Nomis Solutions is a global, industry-leading pricing and profitability management solutions provider that delivers competitive intelligence to bankers and mortgage lenders to facilitate more advanced pricing strategies. The company's analytics platform and end-to-end pricing tools enable retail banks and mortgage lenders to achieve customer- and borrower-centric pricing backed by real-time, actionable data. The platform also supports banks and mortgage lenders in their understanding and anticipation of the evolving demands of customers and borrowers, competitors, and ever-changing market conditions. For more information, please visit https://nomissolutions.com/.

Related link: https://www.nomissolutions.com/

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Alliances and Partnerships, Business, Free News Articles, Software

Nomis Solutions Announces Strategic Collaboration with J.D. Power to Deliver Enhanced Automotive Finance Pricing Strategies to Financial Institutions

SAN FRANCISCO, Calif. -- Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, announced it has formed a strategic collaboration with J.D. Power, a global leader in data analytics and consumer intelligence, to deliver enhanced automotive financing price optimization to financial institutions throughout the United States and Canada. Through this alliance, participating financial institutions can leverage the comprehensive automotive finance data from J.D. Power PIN Navigator in conjunction with the sophisticated Nomis Price Optimizer platform to further refine their automotive finance pricing strategies and improve their market position relative to competitors.

"Given the volatile sales environment, combined with an expectation of rising interest rates, the ability for banks, captives, credit unions, and independents to make accurate and competitive auto financing offers, while simultaneously maintaining profitability, has never been more critical than it is now," explained Frank Rohde, CEO of Nomis Solutions. "Nomis Price Optimizer helps them do just that. Now paired with J.D. Power's extensive auto finance dataset, this strategic collaboration positions our organizations to provide even further transparency into real-time, frontline pricing insights and actionable recommendations for today's highly competitive auto lending market."

J.D. Power PIN Navigator collects retail transaction and electronic point-of-sale data from franchised automotive dealerships nationwide. The product is designed to support the needs of the sales, marketing, pricing, risk, and insurance departments of automotive finance lenders. PIN Navigator provides lenders with 24/7 access to the timeliest data available in the market and includes more than 70 contract, dealer, and lender variables-all of which are updated daily. Working in tandem with Nomis Price Optimizer, users gain access to instantaneous, accurate insights into auto finance deals taking place across the U.S. and within their desired competitive markets. This data is harnessed to provide actionable recommendations with specific detail into dealership sales, from the vehicle to loan details. With information as recent as the last 72 hours, lenders can identify emerging trends and make pricing decisions in real time.

"Having Nomis engage with select J.D. Power clients early on, we have seen first-hand how powerful the Nomis modeling is and how our real-time data can work together to benefit clients," said Mike Buckingham, managing director of PIN Auto Finance at J.D. Power. "We expect this collaboration to reap numerous benefits for all auto lenders and the industry as a whole."

Leveraged by leading auto finance institutions nationwide, Nomis Price Optimizer creates a centralized hub for loan pricing intelligence, portfolio analytics, and rate optimization and planning tools, enabling leading financial institutions to make precise, strategic pricing decisions across their competitive markets. Using the platform's intuitive optimization and forecasting engine, retail banks, lenders, and credit unions can create best-in-class analytics tailored to the unique needs and nuances of both indirect and direct auto finance product lines. Nomis Price Optimizer is the only tool of its kind that is configured with price-sensitive demand, behavioral, and profitability modeling and fueled by loan transaction, balance, customer, and competitor data to drive double-digit profitability and volume improvements.

Contact Nomis Solutions for more information on Nomis Price Optimizer or to learn more about this strategic collaboration with J.D. Power.

About Nomis Solutions

Nomis Solutions is a global, industry-leading pricing and profitability management solutions provider that delivers competitive intelligence to bankers and mortgage lenders to facilitate more advanced pricing strategies. The company's analytics platform and end-to-end pricing tools enable retail banks and mortgage lenders to achieve customer- and borrower-centric pricing backed by real-time, actionable data. The platform also supports banks and mortgage lenders in their understanding and anticipation of the evolving demands of customers and borrowers, competitors, and ever-changing market conditions. For more information, please visit www.nomissolutions.com.

About J.D. Power

J.D. Power is a global leader in data and analytics, advisory services and consumer insights. A pioneer in the use of big data, artificial intelligence (AI) and algorithmic modeling capabilities to understand consumer behavior, J.D. Power has been delivering incisive industry intelligence on customer interactions with brands and products for more than 50 years. The world's leading businesses across major industries rely on J.D. Power to guide their customer-facing strategies.

J.D. Power has offices in North America, Europe and Asia Pacific. To learn more about the company's business offerings, visit JDPower.com/business.

Related link: https://www.nomissolutions.com/

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Awards and Honors, Business, Free News Articles

Nomis Solutions Senior Product Manager Erik McNally Honored as a 2021 HousingWire Insider

SAN FRANCISCO, Calif. -- Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, today announced that senior product manager Erik McNally has been named a 2021 HW Insiders Award honoree by industry trade publication HousingWire. The HW Insiders award program honors operational superstars in housing that are driving their companies and clients forward.

According to the publication, this year's list of honorees represents a wide range of occupations within the housing economy, from lending and real estate to fintech. The Insiders are the professionals their companies turn to with their most important or challenging behind-the-scenes projects, and their contributions and hard work lead to superior results.

McNally was specifically recognized for his contributions to the successful launch of Nomis' competitive mortgage technology platform, which generated more than $1 million of contract revenue in its first year alone. Internally, McNally works cross-functionally between teams to continuously develop Nomis' product vision and also serves as a mentor to Nomis' mortgage team, hosting trainings and product demonstrations to further communicate the organization's value proposition and vision.

"Erik is an essential member of the Nomis Solutions team. He never shies away from a challenge and no matter the task, Erik can be counted on to dive in 100% and do whatever is necessary to ensure a successful outcome," said Frank Rohde, president and chief executive officer at Nomis Solutions. "All of us at Nomis are extremely proud of Erik and congratulate him on receiving this tremendous honor."

"The winners of our Insiders award are an incredible group of doers that we're proud to recognize for their essential contributions to their companies and the larger mortgage and real estate ecosystem," HousingWire Editor and Chief Sarah Wheeler said. "Everyone on this year's list is a crucial part of their company's success and we're honored to give them the spotlight."

"The housing economy has successfully navigated a year of record high volumes and technological innovation moving at breakneck speed-all while grappling with the operational challenges presented by a global pandemic," said Clayton Collins, CEO of HW Media. "This is the perfect time to pause and recognize the professionals in mortgage, real estate and technology who are truly moving this market forward. The 2021 HousingWire Insiders all possess the intellect, stamina and leadership to transform the housing industry for the better-growing businesses and supporting millions of American families."

About Nomis Solutions

Nomis Solutions is a global, industry-leading pricing and profitability management solutions provider that delivers competitive intelligence to bankers and mortgage lenders to facilitate more advanced pricing strategies. The company's analytics platform and end-to-end pricing tools enable retail banks and mortgage lenders to achieve customer- and borrower-centric pricing backed by real-time, actionable data. The platform also supports banks and mortgage lenders in their understanding and anticipation of the evolving demands of customers and borrowers, competitors, and ever-changing market conditions. For more information, please visit http://www.nomissolutions.com/.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit http://www.housingwire.com/ or http://www.solutions.housingwire.com/ to learn more.

Related link: https://www.nomissolutions.com/

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Business, Free News Articles, Software

Nomis Solutions Introduces Margin Setter Dashboard, Adjusts Mortgage Rate Data Refresh Frequency in Latest Product Update

SAN FRANCISCO, Calif. -- Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, recently introduced several product enhancements to its mortgage technology solution, further enhancing the market intelligence and actionable pricing capabilities available to its mortgage lending clients. Updated data frequency and enhanced coverage further expand users' view into the granular pricing intel needed to compete more effectively in local markets, and brand-new Margin Setter functionality enables users to better maintain a strategic and competitive market position, despite a constantly shifting landscape.

The newly released, intuitive Margin Setter dashboard enables mortgage lenders to maintain the most strategic market position month-over-month. Utilizing the more than 35 million data pricing points Nomis collects daily, Margin Setter provides users with a visual reference of where and how to adjust margins for their conforming loan products based on their unique performance and benchmarking goals. These actionable recommendations can be easily applied as loan amount and state margin adjustments within the margin management tools of a user's product and pricing engine (PPE) to ensure they maintain their desired position across all markets.

Nomis also made adjustments to the frequency with which its solution updates daily rate data to more closely align the refresh rate with dynamic market changes. In addition to this enhanced alignment, users now have access to data for another 30 new metropolitan statistical areas (MSAs), thus delivering even more granular pricing intel to enable them to compete more effectively on a local market level.

"Our goal is to provide mortgage lenders with actionable and value-backed insights from day one of their integration with us so that they can make smarter, more profitable pricing decisions," explained Prashant Balepur, senior vice president of product at Nomis Solutions. "With the addition of Margin Setter and the adjustments to our data refresh frequency, our users can now extract even more rate and pricing intelligence, enabling them to further refine their pricing strategies based on local market conditions to achieve their optimal market position goals."

Nomis' sophisticated mortgage technology solution provides real-time pricing analytics and competitive intelligence, enabling leading mortgage lenders to identify and quickly act on market opportunities, strengthen customer relationships, optimize internal operations and maximize profitability. With Nomis, mortgage lenders save time and resources, experience an increase in lead-to-application conversion rates, and can more accurately identify and react to profitable opportunities.

About Nomis Solutions

Nomis Solutions is a global, industry-leading pricing and profitability management solutions provider that delivers competitive intelligence to bankers and mortgage lenders to facilitate more advanced pricing strategies. The company's analytics platform and end-to-end pricing tools enable retail banks and mortgage lenders to achieve customer- and borrower-centric pricing backed by real-time, actionable data. The platform also supports banks and mortgage lenders in their understanding and anticipation of the evolving demands of customers and borrowers, competitors, and ever-changing market conditions. For more information, please visit http://www.nomissolutions.com/.

Related link: https://www.nomissolutions.com/

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Business, Free News Articles, Software

Nomis Solutions Builds First-String Team to Spearhead Mortgage Initiatives

SAN FRANCISCO, Calif. -- Nomis Solutions (Nomis), a global, industry-leading pricing and profitability management solutions provider, announced it has added several new sales and marketing hires to support its mortgage pricing and profitability management initiatives and competitive intelligence technology.

Under the leadership of industry veteran and Nomis Chief Revenue Officer Matt Woolley, this team signals a strategic intention to entrench Nomis mortgage technology as a game-changing digital mortgage innovation with measurable lender profitability impact.

"Mortgage lenders with an innate eye for competitive advantage instantly react when they are introduced to Nomis, which is why, in less than a year, our mortgage client base has doubled," said Woolley. "I've personally selected this team both to support our recent achievements and to advance Nomis' strategic initiatives to deliver unmatched value as a digital mortgage innovator."

NOMIS SALES AND MARKETING TEAM NEW HIRES INCLUDE:

Terry Brennan - Regional Vice President, Sales

An expert financial services sales consultant for nearly two decades, Brennan most recently completed an eight-year tenure with Delaware Investments as Regional Director, where he was on track to complete $225 million mutual fund sales in 2021. Previously, Brennan succeeded in sales roles with Lincoln Financial Group during his seven-year tenure.

Kerry Caldwell - Regional Vice President, Sales

With more than 20 years' sales expertise in B2B mortgage lending technologies, Caldwell most recently served as national account director at Mortgage Coach, Black Knight national director of sales, and Motivity Solutions regional director. An experienced loan officer, Caldwell sits on the Board of Directors for the Colorado Mortgage Lenders Association.

Steven Divitaris - Director, Sales Operations

Before joining Nomis, Divitaris held sales positions for the Canadian divisions of ADP and Fastenal. Divitaris has played an integral role in the launch of Nomis' flagship mortgage pricing and competitive intelligence product, with his contributions fueling significant client growth in the mortgage division.

Gerald Dorman - Regional Vice President, Sales

Including his ten-year tenure as LoanLogics national accounts vice president where he consistently earned a top producer award each year, Gerald Dorman joins the team from his most recent position as Informative Research vice president of client success. There, he originated over $3.5 million in new sales within the first year.

TJ Lile - Regional Vice President, Sales

Lile brings more than 15 years' mortgage insurance experience to Nomis, including sales, risk management and operations most recently at National Mortgage Insurance Corporation and previously at Republic Mortgage Insurance Corporation. Lile has served as a director with the Colorado Mortgage Lenders Association, is an accredited mortgage professional (AMP), and in 2018 was named a Rising Star by HousingWire magazine.

Samantha MacKendrick - Vice President, Marketing

An expert FinTech marketing professional joining Nomis Solutions from Optimal Blue/Black Knight, Inc., MacKendrick previously lead and executed marketing strategy for the secondary marketing technologies division, including Optimal Blue and Compass Analytics integrated technologies, services, data and analytics. With more than 10 years' mortgage marketing experience, MacKendrick is an expert liaison between executive leadership, product and sales teams to effectively achieve strategic business initiatives.

With this first string of mortgage experts, Nomis is transforming the industry with groundbreaking tools for mortgage pricing and profitability management. The Nomis mortgage technology suite provides real-time pricing analytics and competitive intelligence to enable mortgage lenders to identify and act on market opportunities, optimize operations and maximize profitability.

About Nomis Solutions

Nomis Solutions is a global, industry-leading pricing and profitability management solutions provider that delivers competitive intelligence to bankers and mortgage lenders to facilitate more advanced pricing strategies. The company's analytics platform and end-to-end pricing tools enable retail banks and mortgage lenders to achieve customer- and borrower-centric pricing backed by real-time, actionable data. The platform also supports banks and mortgage lenders in their understanding and anticipation of the evolving demands of customers and borrowers, competitors, and ever-changing market conditions. For more information, please visit www.nomissolutions.com.

Related link: https://www.nomissolutions.com/

This news story was published by the Neotrope® News Network - all rights reserved.