SimpleNexus, LLC
Financials
Estimates*
USD | 2017 |
---|---|
Revenues | 3.9m |
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | - | |
$20.0m | Growth Equity VC | ||
$108m | Series B | ||
* | $1.2b Valuation: $1.2b | Acquisition | |
Total Funding | €116m |
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Recent News about SimpleNexus, LLC
EditSimpleNexus is a technology company that provides a comprehensive homeownership platform designed to streamline the mortgage process. The company serves mortgage lenders, loan officers, and borrowers by integrating various stages of the mortgage lifecycle into a single, cohesive system. Operating primarily in the mortgage and financial services market, SimpleNexus offers tools for early collaboration with borrowers and partners, mobile-first loan production, and enterprise-grade business intelligence software. The business model revolves around a SaaS (Software as a Service) framework, where clients subscribe to use the platform's features, generating recurring revenue. SimpleNexus enhances operational efficiency by eliminating the need for spreadsheets and simplifying incentive compensation management. The platform also supports hybrid eClose and Remote Online Notarization (RON), which have been shown to improve conversion rates and increase yearly income per loan officer. Trusted by over 47,000 loan officers, SimpleNexus aims to maximize loan production and streamline workflows through industry-leading integrations.
Keywords: mortgage, homeownership, SaaS, loan officers, financial services, business intelligence, mobile-first, hybrid eClose, RON, operational efficiency.