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.
Approved Mortgage has selected SimpleNexus to be its point-of-sale (POS) solution to support its assets and customer base as the oldest and largest locally owned mortgage bank in Indiana.
Before implementing SimpleNexus, Approved Mortgages relied on a non-mortgage-specific POS system to capture loans and originations.
SimpleNexus’ single platform will provide Approved Mortgages’ borrowers with a more specialized and streamlined experience, as well as simplify processes for its lenders.
Approved Mortgage, a locally owned Indiana lender, has selected SimpleNexus' mobile-first homeownership platform to enhance its services to clients and real estate professionals while streamlining its internal processes. This will help Approved Mortgage to remain competitive in a growing market of young, tech-savvy consumers.
Locally owned Indiana lender will leverage SimpleNexus’ homeownership platform as a competitive advantage with tech-savvy consumers.
LEHI, Utah, Aug. 25, 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 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 home buying 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 home buying 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 Shane Westra, Chief Product Officer at SimpleNexus. “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.”
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 theform 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.