SimpleNexus, now part of the nCino Mortgage Suite, is a digital mortgage platform that increases financial institutions' mortgage profitability by automating loan processing and closing, delivering modern customer convenience, and surfacing data insights. The platform has achieved a 29% increase in application pull-through rates, 80% decrease in loan closing time, and 49% improvement to average cycle time for its users. Trusted by leading lenders including credit unions and banks, the nCino Mortgage Suite includes mortgage origination, incentive compensation management, and mortgage analytics. The platform is used by over 2,700 financial institutions for end-to-end mortgage simplicity.
✓ Pros
✓29% increase in application pull-through rate
✓80% decrease in loan closing time
✓Part of nCino ecosystem trusted by 2,700+ financial institutions
✓Comprehensive analytics with real-time pipeline visibility
✓Automated incentive compensation saves hours per payroll
✗ Cons
✗Enterprise pricing not publicly available
✗Primarily for financial institutions, not independent mortgage brokers
✗May require significant implementation effort
SimpleNexus Features
✦ Lead CaptureCapture more mortgage leads through digital channels.
✦ Customer JourneyStreamlined digital experience from application to closing.
✦ Stakeholder CollaborationEnhanced collaboration between borrowers, loan officers, and processors.
✦ Loan Processing AutomationAutomated processing and closing workflows for efficiency.
✦ Mortgage AnalyticsTurnkey insights with dashboards, pipeline views, and loan-level drilldowns.
✦ Incentive CompensationAutomated compensation management replacing spreadsheets and emails.
✦ Performance ScorecardsIndividual and team performance tracking with benchmarking.
✦ Mobile AppMobile-first experience for borrowers and loan officers.
✦ Document UploadEasy document collection and management from mobile devices.
✦ eCloseDigital closing capabilities for faster, paperless closings.
Integrations
nCino PlatformSalesforceVarious LOS systems
Company Info
Company
nCino (formerly SimpleNexus)
Founded
2012
Headquarters
Lehi, UT (nCino: Wilmington, NC)
Employees
1000+ (nCino)
Funding
Acquired by nCino (NASDAQ: NCNO) in 2022 for $1.2B