SimpleNexus to Power User-Friendly Mobile Homebuying Experience for Approved Mortgage
Locally owned Indiana lender will leverage SimpleNexus’ homeownership platform as a competitive advantage with tech-savvy consumers
LEHI, Utah, Aug. 25, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced that Approved Mortgage has selected SimpleNexus as its point-of-sale (POS) solution. The Indiana-based lender will use SimpleNexus’ mobile-first feature set to enhance its services to clients and real estate professionals while streamlining its internal processes.
Thirty years in operation, Approved Mortgage is central Indiana’s oldest and largest locally owned mortgage bank, with over $6.5 billion in loans funded to date. Approved Mortgage offers a variety of residential, business and commercial mortgage loans from its four branches. Along with conventional mortgages, Approved Mortgage’s line of residential loan products includes FHA, VA, USDA, jumbo and specialty loans, allowing the lender to meet the diverse needs of its client base. To remain competitive in a growing market of young, tech-savvy consumers, Approved Mortgage adopted SimpleNexus’ comprehensive platform to build a fully-integrated mobile homebuying experience.
“At Approved Mortgage, we understand that technology is constantly and rapidly evolving. The way lending is done today will likely look very different a decade from now,” said Renato Lima, sales manager at Approved Mortgage. “Since consumers today have instant access to a world of information using their mobile phones, SimpleNexus’ mobile capabilities were a big factor in why we chose to adopt the technology.”
SimpleNexus creates a streamlined experience for lenders and borrowers by enabling the completion of a loan application from any device, including secure document uploads, real-time loan status updates, live loan officer support and more. Approved Mortgage clients and their real estate agents will now get instant access to all of SimpleNexus’ innovative features within a single sign-on mobile app, giving them the freedom to complete the entire homebuying process with enhanced collaboration and convenience.
“Before implementing SimpleNexus, Approved Mortgage relied on a non-mortgage-specific POS to capture loan application data. As a result, it was missing out on many of the industry-leading mobile innovations SimpleNexus has provided within the POS sphere. When their team saw what our system could do, making the switch was a no-brainer,” said SimpleNexus Chief Product Officer Shane Westra. “We look forward to supporting Approved Mortgage’s future growth via our mobile-first solutions, which consistently set the pace of innovation in the mortgage industry.”
About SimpleNexus
SimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. 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 professionals, 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.
Media Contacts
Leslie Colley
DepthPR for SimpleNexus
+1 678.622.6229
leslie@depthpr.com
David Bolin
SimpleNexus
+1 414.688.6077
dbolin@simplenexus.com
Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.
