nCino to provide WaterStone with a single, end-to-end solution for all lending activities
Wilmington, NC -- August 3, 2023 -- nCino, Inc (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that WaterStone Bank will be upgrading its technology stack and migrating its commercial, consumer, and residential lending activities to the nCino Cloud Banking Platform.
WaterStone Bank, established in 1921 and headquartered in Wauwatosa, Wisconsin, offers a full suite of personal and business banking products and services. The Bank maintains a customer first approach by providing highly personalized services through enhanced digital channels and new product offerings. To enrich the lending experience for its clients even further, WaterStone recognized the benefits a single platform could deliver to help eliminate inefficient operations, improve compliance management, and integrate rich data and insights into key workflows.
Peoples Bank was founded in 1917 as an independent community bank to serve customers in Iowa.
Peoples Bank completed its implementation of Nexus Engagement and Nexus Origination by SimpleNexus to offer a more modern homebuying experience for its customers.
With these solutions, Peoples Bank has been able to streamline document processes, making the homebuying experience simpler for loan officers, customers and outside parties.
Iowa bank’s implementation of Nexus Engagement and Nexus Origination strengthens its relationships with customers and real estate agents.
LEHI, Utah, Nov. 1, 2022 – SimpleNexus, 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 Clive, Iowa-based Peoples Bank has completed the company-wide rollout of Nexus Engagement™ and Nexus Origination™ to offer customers a modern home buying experience from the convenience of their phones.
Founded in 1917, Peoples Bank is a locally-owned, independent community bank with more than $422 million in assets and nine locations in central and west-central Iowa. The bank implemented SimpleNexus’ mobile lead engagement toolset, Nexus Engagement, and its from-anywhere mortgage point-of-sale (POS) product, Nexus Origination, to enhance the customer experience, originate mortgage loans more efficiently and improve referral strategies with real estate professionals.
Our loan officers love using SimpleNexus because it is so intuitive. When a prospect begins a mortgage inquiry or application, the app prompts them to snap and upload pictures of the documentation needed to get them pre-qualified,” said Tracy Van Sickle, vice president, mortgage loan supervisor at Peoples Bank.
“By automating time-consuming processes like chasing down documents and giving borrowers modern alternatives to scanning and faxing, SimpleNexus eliminates many of the pain points in the lending process, much to the delight of our customers and loan officers.”
Leveraging SimpleNexus’ native integrations with the bank’s mortgage loan origination system (LOS) and document provider has allowed Peoples Bank to streamline its document workflow by prompting borrowers to eSign standard disclosures and specialty documents alike. Additionally, quickly generating pre-qualification letters from the SimpleNexus mobile app and sharing them with agents has helped loan officers bolster referrals.
“The forward-thinking leaders at Peoples Bank understand the importance of technology and the central role it plays in consumers’ lives,” said Ben Miller, CEO of SimpleNexus. “It is an honor to support a bank that, like SimpleNexus, pursues innovation and is passionate about providing excellent service to homebuyers.”
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.