Angel Oak Home Loans Implements SimpleNexus’ Dynamic Homeownership Platform to Support Multiple Lines of Business
National mortgage lender implements Nexus Engagement and Nexus Origination to support the diverse financial needs of customers with a modern mobile lending experience
LEHI, Utah, Aug. 17, 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, announced today that Angel Oak Home Loans has selected SimpleNexus’ Nexus Engagement™ and Nexus Origination™ to support a streamlined mortgage experience for a wide range of borrowers.
Angel Oak Home Loans is an Atlanta-based, full-service mortgage lender that prides itself on offering a variety of agency and non-qualified mortgage (non-QM) products to meet the unique home financing needs of its customers. The lender’s decision to implement SimpleNexus was primarily driven by the homeownership platform’s ability to provide a mobile-first toolset that enhances customer experience and streamlines loan origination. A customized, dynamic loan application developed for Angel Oak Home Loans supports both agency mortgage lending and unique data fields for non-QM lending. Additionally, SimpleNexus’ streamlined management of “one off docs” enables loan originators to efficiently generate, distribute, e-sign and organize these document types.
“At Angel Oak, we are enthusiastic proponents of using technology to optimize business processes and improve the borrower experience at every point in the mortgage transaction because it generates better outcomes for everyone,” said Richard LaNasa, president of Angel Oak Home Loans. “SimpleNexus is a cutting-edge platform that provides the best of both worlds: a single-sign-on borrower experience that reinforces customer trust in our brand and point-of-sale with seamless workflows that unify efficient production of our lending portfolio.”
“While it’s true that no two lenders do business the same way, Angel Oak Home Loans has a clear commitment to making homeownership possible for creditworthy borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer of SimpleNexus. “We are proud to bolster the growth and innovation that Angel Oak Home Loans brings to 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
[email protected]
David Bolin
SimpleNexus
+1 414.688.6077
[email protected]
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.
