Mortgage a tough nut to crack for technology provider nCino

Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in 2022 has been a drag on growth but is expected to pick up. Continue reading

After retiring SimpleNexus brand, nCino grows its mortgage business

Since acquiring SimpleNexus for $933.6 million and rebranding the company, nCino has been signing new clients and cross-selling its new mortgage capabilities to existing customers. Continue reading

Marketing guru’s run for POTUS puts speakers in awkward position

NAR’s Lawrence Yun is among the prominent figures scheduled to speak at a seminar where Momentifi CEO and U.S. presidential candidate Gibran Nicholas will hawk his book. Continue reading

Mortgage lenders use tech and local ties to grow national footprints

Atlanta-based direct mortgage lender Silverton Mortgage, a Snapdocs client, has added new branches in the Carolinas, Arkansas and Missouri over the past year. Continue reading

Homebuyers can start loan apps with Google or Facebook credentials

Floify claims it’s the first first major mortgage point-of-sale software provider to offer Single Sign-On (SSO) capabilities. Continue reading

Hometown Lenders eyes national expansion with 14 new branches

While other mortgage lenders are laying off workers, Huntsville, Alabama-based Hometown Lenders is advertising more than 40 jobs for loan originators, processors and other positions. Continue reading

Ellie Mae vets form SPAC to acquire mortgage and real estate startups

Southport Acquisition Corp. will look to acquire companies with $50 million to $100 million in revenues that are valued between $1 billion and $2 billion. Continue reading

Mortgage tech startup SimpleNexus to be acquired by nCino for $1.2B

Deal provides cloud banking solutions provider, nCino, with an entry point to $4 billion U.S. point-of-sale mortgage market. Continue reading

SimpleNexus acquires LBA Ware in bid to expand lender toolset

LBA Ware CEO Lori Brewer, who founded the company in 2008, will join SimpleNexus as executive vice president and general manager. Continue reading

Doma adds Wells Fargo as a client as it prepares to go public

Doma offers “instant underwriting” of title insurance for mortgage refinancing, along with remote and digital closing and escrow services for all types of mortgages. Continue reading