Technical company

SimpleNexus Accelerates Momentum in 2020 with One of Eight U.S. Mortgages Through Its Homeownership Platform

LEHI, Utah, February 4, 2021 (SEND2PRESS NEWSWIRE) – SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced accelerating momentum in 2020 marked by exponential market growth and product innovation.

“The reason SimpleNexus continues to sweep the mortgage space is because it is the most comprehensive homebuyers journey platform for homebuyers and an effective lender tool without release, ”said SimpleNexus Founder and CEO Matt Hansen. “From on-demand home search and electronic closing to purchasing home insurance, SimpleNexus truly is a one-stop-shop for homeownership. “

SimpleNexus has become one of the fastest growing companies in the country, ranking in the Inc. 5,000 for three consecutive years and in the Deloitte Technology Fast 500 for two consecutive years. The company’s growth in 2020 was capped by a $ 108 million Series B funding round led by Insight Partners and backed by TVC Capital.

“SimpleNexus has established itself as a rapid innovator in the digital mortgage space,” said TVC Capital co-founder and managing partner Jeb Spencer. “First it set the benchmark for usability on the go and now it defines what a seamless home ownership platform should be. We are excited to support the company as they lead the way in creating a seamless home ownership journey. “

SimpleNexus has grown staff by 63% over the past 12 months as it strives to improve 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 example, last February support for the Uniform Home Loan Application (URLA) and in-app review of Fannie Mae’s Desktop Underwriter® (DU®) was added. July marked the release of SimpleNexus ConnectUs Chat, a messaging feature that supports real-time collaboration on loan cases between LOs, borrowers and real estate agents. In August, SimpleNexus launched SimpleNexus eClosing, which enables hybrid and RON closings for the purchase and refinancing of 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 operational expenses per loan, receiving nine times the ROI of their spend 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’, connecting its 32,000 active LO users with over 3 million borrowers and 141,000 real estate partners to produce 13 million mortgages totaling over 3,000. billion dollars in volume.

About SimpleNexus, LLC:

SimpleNexus is a homeownership platform that transforms the mortgage experience and connects borrowers, loan officers, real estate agents and settlement service providers throughout the home buying process. The platforms’ native mobile toolset allows lenders to create, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credits, set prices, send pre-approvals, sign disclosures, and run eClosings – all on the go. SimpleNexus gives borrowers a single sign-on experience, from on-demand home search, document downloads, electronic closing and beyond, for a more streamlined homeownership journey.

Find out more on: https://www.simplenexus.com/

Twitter: @SimpleNexus # mortgagenumérique #industriedumortgage # loanmortgage

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News Source: SimpleNexus