nCino Mortgage Suite

By KIMBERLEY HAAS SimpleNexus has officially rebranded as nCino’s Mortgage Suite and company leaders say customers can benefit from a more diverse and financially stable company. Following its acquisition for $1.2 billion in stocks and cash in January of 2022, SimpleNexus’ market share in the mortgage point of sale space grew. Their products now touch about 25% of all residential loan originations in the United States. Ben Miller, EVP of US Mortgage, said prior to the sale, SimpleNexus worked mostly with independent mortgage banks. Today, they work with more banks and credit unions. Miller, who was a co-founder of SimpleNexus, played a leading role in the acquisition. He told The Mortgage Note that when nCino approached them, they weren’t for…