Awards and Honors, Business, Free News Articles

IDS’ Emilio Estrada Named a Mortgage Industry ‘Rising Star’ by MPA

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that account manager Emilio Estrada has been named a 2021 Rising Star by industry trade publication Mortgage Professional America (MPA). The MPA Rising Star awards program seeks to honor up-and-coming talent within the housing and mortgage industry.

Estrada is a valued account manager and driving force behind IDS' adoption of eClose technology. He serves as a guide to IDS' major clients as they implement and utilize hybrid eClosing and is a key developer behind the workflows for IDS agents. Estrada works between customer service and the development teams to communicate client needs and evolve IDS company settings and policy changes. This direct feedback line from IDS clientele has led to countless feature enhancements and improved processes.

"Emilio is known for his ability to think outside the box to solve arising issues and pain points for our clientele," said IDS Vice President and General Manager Mark Mackey. "His customer service goes above and beyond expectations, but what truly sets him apart is the way he shares the trials and tribulations of customer service with the team to improve our internal processes."

To view the full list of winners, visit https://www.mpamag.com/.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regard to major industry compliance changes. (https://info.idsdoc.com/)

About Mortgage Professional America

A publication of Key Media, Mortgage Professional America (MPA) delivers news, opinion and analysis to mortgage, real estate and finance industry professionals through its bi-monthly magazine and daily email newsletter. For more information, visit http://www.mpamag.com/.

Related link: https://info.idsdoc.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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Awards and Honors, Business, Free News Articles

IDS’ Mark Mackey Named MPA Housing Industry Icon

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that vice president and general manager Mark Mackey has been named to Mortgage Professional America's (MPA) Inaugural Housing Industry Icon List. MPA's Housing Industry Icons are visionary leaders who have been instrumental in shaping the industry.

Since taking over as head of IDS in 2014, Mackey has solidified the firm's reputation as the doc prep provider of choice for compliance-minded mortgage lenders who demand reality-based document preparation and mortgage closing services, document customization and superior customer service. Under Mackey's direction and guidance, IDS has made several enhancements to its flagship product idsDoc from both a functionality and an integration standpoint to deliver upgraded digital mortgage capabilities, improve system-to-system connectivity and ensure compliance with changing regulations.

"I am honored to be recognized by MPA as a Housing Industry Icon, an achievement that would not have been possible without the wonderful team at IDS and all their hard work at ensuring our products and customer service are the best in class," said Mackey. "I truly view our company's success as a team effort and look forward to what's next for IDS and our clients in terms of growth and innovation."

Under Mackey's leadership, IDS has been rolling out its digital capabilities to keep pace with industry capacity and demand while quietly preparing behind the scenes for what's coming next. Over the past three years, IDS has introduced its eClose platform, Solitude Solution, and grown its capabilities to include hybrid eClose, full eClose and eNotes. Solitude Solution allows IDS clients to choose the level of eClose they are comfortable with and customizes the ceremony to fit their needs.

In Mackey's first year as VP, IDS saw a 68% increase in document orders and added a new Closing Disclosures product line. More recently, IDS' production volumes have increased 108% over the past five years. In 2020, IDS repeatedly broke monthly internal document production and fulfillment records while keeping up with the mortgage boom.

For the full list of winners, visit http://www.mpamag.com/.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regard to major industry compliance changes. ( https://info.idsdoc.com/ )

Related link: https://info.idsdoc.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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Awards and Honors, Business, Free News Articles

SimpleNexus CEO Cathleen Schreiner Gates honored by HousingWire 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 its CEO Cathleen Schreiner Gates was selected as a winner of HousingWire's 2021 HW Vanguard award. The HW Vanguard award recognizes the top 50 housing executives who have made an impact on the housing industry at large.

An industry veteran of more than 35 years, Schreiner Gates was named president of SimpleNexus in September 2020 and took her place as CEO in June of this year. Schreiner Gates was recognized by HousingWire for her strategic leadership of the industry-leading SimpleNexus homeownership platform, which empowers 300 mortgage lenders to "do more" by connecting its 40,000 active LO users with more than 4.5 million borrowers and 141,000 real estate partners. In January of this year Schreiner Gates saw the company through a $108 million Series B funding round led by global venture-capital and private-equity firm Insight Partners and TVC Capital.

"It is a great honor to have been selected as a HW Vanguard this year," said Schreiner Gates. "I must share the credit with my outstanding team. Without their hard work and expertise SimpleNexus could never achieve such outstanding growth and success."

Schreiner Gates was also recognized for her role in the rapid rollout of Nexus Closing™, a single-platform solution allowing lenders to deliver a memorably modern closing experience complete with integrated remote online notarization (RON) and eSigning.

"We are proud to recognize the 2021 Vanguard winners, who represent the industry's most impressive leaders. They are leading through an incredible time for those in the housing market - whether real estate, mortgage or fintech - and driving one of the largest sectors of our economy," said HousingWire Editor in Chief Sarah Wheeler.

The HW Vanguard awards are given to housing industry leaders who have led their companies to new heights by delivering innovative products, services and initiatives designed to improve the U.S. housing or real estate economies. Winners of the award have made a tangible impact by serving the industry and improving its standards. For a full list of winners, visit https://www.housingwire.com.

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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Alliances and Partnerships, Business, Free News Articles, Software

SimpleNexus rounds out its Nexus Closing eMortgage solution with DocMagic’s eVault and eNote technologies, enabling fully digital loan closings

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 integration of its Nexus Closing™ eMortgage solution with DocMagic's eVault and eNote technologies. The integration enables automated generation of an eNote with a tamper-evident seal and delivers the eNote to a secure eVault for delivery to the MERS® eRegistry.

Electronic promissory notes (eNotes) are more secure and accurate than their paper counterparts and give borrowers more time to review and understand closing documents. They also save lenders time and money because they come with an automated audit trail and can be delivered quickly and efficiently to the secondary market.

DocMagic's eVault is a secure repository that provides lenders with the ability to access, manage and store eNotes and other electronic mortgage records on a short- or long-term basis. By offering proactive, real-time control of electronic loan files, eVault technology reduces cycle times and improves process efficiencies throughout the mortgage lifecycle.

"Capital markets funding is the lifeblood of retail mortgage lending. Digitizing loan documents and lending processes will lower costs to the retail customer and increase returns for mortgage lenders and investors," said Craig Focardi, senior analyst, banking at Celent, a research firm that advises financial companies on technology. Celent estimates the market for eNote transactions will grow by nearly 20% in 2021.

"To stay competitive in this market and future markets, lenders need to adopt eClosing solutions that allow them to generate, sign, store and deliver eNotes as part of a complete eMortgage transaction," said Dominic Iannitti, president and CEO of DocMagic. "We're pleased to offer these capabilities to more lenders through our integration with SimpleNexus."

Nexus Closing™ provides borrowers a memorably modern closing experience as part of an end-to-end, single-sign-on homebuying experience that increases repeat and referral business. In addition to integrating DocMagic's eVault technology, Nexus Closing comes with integrated remote online notarization (RON) and eSigning. It has been certified to meet both Fannie Mae and Freddie Mac's technical requirements for eClosing, eNote and eVault functionality and is compatible with the GSEs' respective eNote delivery systems.

"A fully digital closing, complete with eNote and eVault, is the last hurdle lenders must clear before offering borrowers and investors the myriad benefits of an eMortgage. We're pleased to now offer these capabilities via our integration with DocMagic," said SimpleNexus Chief Product Officer Shane Westra. "In a market cluttered with half-baked solutions, we've made it our mission to assemble the most comprehensive and singularly exceptional homebuying experience in the business."

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 DocMagic:

DocMagic, Inc. is the leading provider of fully compliant document generation, automated compliance, eSignature and comprehensive eMortgage solutions for the mortgage industry. Founded in 1987 and headquartered in Torrance, Calif., DocMagic, Inc. develops award-winning software, mobile apps, and web-based systems for the production and delivery of compliant loan document packages. The company's solutions connect industry participants, promote collaboration, and ensure data integrity to execute precision-based digital lending transactions. DocMagic's compliance experts and in-house legal staff consistently monitor legal and regulatory changes at both the federal and state levels to ensure accuracy. For more information on DocMagic, visit https://www.docmagic.com/.

Twitter: @SimpleNexus @DocMagic #TotaleClose #eClosing #digitalmortgage #mortgageindustry #mortgagelending

LOGO LINKS FOR MEDIA:

[1] https://www.Send2Press.com/300dpi/21-0923s2p-simplenexus-logo-300dpi.jpg

[2] https://www.Send2Press.com/300dpi/21-0923-docmagic-logo-300dpi.jpg

RELATED LINKS:

https://www.simplenexus.com/emortgage/

https://www.docmagic.com/evault

https://www.celent.com/

Related link: https://simplenexus.com/

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Awards and Honors, Business, Free News Articles

HousingWire Recognizes IDS’ Katie Means as 2021 Insider

SALT LAKE CITY, Utah -- Mortgage document preparation vendor International Document Services, Inc. (IDS), announced today that implementation specialist Katie Means has been named to HousingWire's 2021 Insiders Award list. The list honors operational superstars in housing who are driving their companies and clients forward.

As an implementation specialist, Means is responsible for guiding new clients through the implementation of IDS' mortgage document software, idsDoc. In her role, she assists by customizing federal, state and lender-specific mortgage documents and making configurations within IDS' in-house software.

With a vast understanding of mortgage documents, Means works every day to provide a high level of customer service. Since last year, Means has led 20 successful implementation projects, onboarding her clients at a highly-efficient pace to provide the best possible experience for the client. During that time, she has also created over 1,000 documents that are used in tens of thousands of mortgage transactions across the country each month and worked on nearly 6,000 help desk tickets with 100% satisfaction feedback.

"Katie's expertise and drive is invaluable to the IDS organization, which has been proven by her strong ability to lead large projects and mentor team members," said Travis Carroll, IDS Director of Implementation Services. "She is definitely a rock star in the residential mortgage space, and I look forward to her continued career growth and success."

The 2021 HousingWire Insiders were carefully selected by HousingWire's selection committee based on their vital and dynamic contributions to their companies and the industry as a whole. 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.

"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."

To view the complete list of the 2021 HousingWire Insiders winners, visit https://www.housingwire.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 www.housingwire.com or www.solutions.housingwire.com to learn more.

About IDS, Inc.

IDS, a Reynolds and Reynolds company, was founded in 1986 in Salt Lake City, Utah, and is a nationwide provider of mortgage documents and compliance. IDS services include eSignatures, closing documents, initial disclosures, document fulfillment and integration with leading loan origination systems and eClosing platforms. The IDS flagship doc prep solution, idsDoc, is recognized in the industry for its ability to be customized to meet specific lender needs, particularly in regard to major industry compliance changes. Learn more: https://info.idsdoc.com/.

Related link: https://info.idsdoc.com/

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