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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/

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

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/

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