LEHI, Utah, Aug. 17, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino company (NASDAQ: NCNO) and developer of America’s leading homeownership platform for homeowners credit, borrowers, realtors and settlement agents, today announced that Angel Oak Home Loans has selected Nexus Engagement™ and Nexus Origination™ from SimpleNexus to support a simplified mortgage experience for a wide range of borrowers.
Angel Oak Home Loans is an Atlanta-based full-service mortgage lender that is proud to offer a variety of agency and non-qualified (non-QM) mortgage products to meet the unique financing needs of its customers. The lender’s decision to implement SimpleNexus was primarily driven by the homeownership platform’s ability to deliver a mobile toolset that enhances customer experience and streamlines loan origination. A custom and dynamic lending application developed for Angel Oak Home Loans supports both agency mortgages and unique data fields for non-QM loans. Additionally, SimpleNexus’ simplified management of “one-time documents” allows loan originators to efficiently generate, distribute, electronically sign, and organize these types of documents.
“At Angel Oak, we are enthusiastic proponents of using technology to optimize business processes and improve the borrower experience at every stage of the mortgage transaction, as it generates better outcomes for everyone” , said Richard LaNasa, president of Angel Oak Home Loans. “SimpleNexus is a cutting-edge platform that offers the best of both worlds: a single sign-on borrower experience that builds customer confidence in our brand and point of sale with seamless workflows that unify the efficient production of our loan portfolio.”
“While no two lenders work the same way, Angel Oak Home Loans has a clear commitment to making home ownership possible for creditworthy borrowers from a variety of financial backgrounds,” said Shane Westra, Product Manager of SimpleNexus. “We are proud to support the growth and innovation that Angel Oak Home Loans brings to the mortgage industry.”
About SimpleNexus
SimpleNexus, an nCino company (NASDAQ: NCNO), 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 initiation, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver measurable ROI in the form of reduced turnaround times, increased loan application submissions, loan and more referral business. A four-time Inc. 5000, SimpleNexus has been recognized as one of the best places to work for innovators in the world. For more information, visit https://www.simplenexus.com or follow @SimpleNexus.
Media Contacts
Leslie Colley
DepthPR for SimpleNexus
+1 678.622.6229
David Bolin
SimpleNexus
+1 414.688.6077
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 the use of the words “believes”, “expects”, “intends”, “anticipates”, “plans”, “seeks”, “estimates”, “projects”, “may”, “will” , “could”, “could” or “continue” or similar expressions.All forward-looking statements contained in this press release are based on nCino’s historical performance and its current plans, estimates and expectations, and do not constitute 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 change these expectations and, unless required by law, nCino undertakes no 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 other things, risks and uncertainties relating to market adoption of our solution and privacy issues. and data security. Additional risks and uncertainties that could affect nCino’s business and financial results are included in nCino’s filings with the United States Securities and Exchange Commission (available on our website at www.ncino.com or on the SEC’s website at www.sec.gov). Further information about potential risks that could affect actual results will be included in other filings by nCino with the SEC from time to time.
Copyright 2022 GlobeNewswire, Inc.