“The term digital mortgage is used extensively in the industry to describe any number of new technologies transforming the loan process. Technology solutions are addressing the way loan officers work, delivering new efficiencies, compliance, and profitability. But noticeably absent up until this poi
LEHI, Utah (PRWEB) March 28, 2019
New Disclosure Solution Improves the Borrower, Loan Officer, and Underwriter Experience at the Critical Loan Estimate and Closing Disclosure Stages Without Operational Disruption.
SimpleNexus, the leader in bringing the home mortgage process to mobile devices through their industry leading digital mortgage platform, has announced the release of their new disclosure solution. The new disclosure solution provides SimpleNexus' 200 plus clients and 20,000 LOs using the platform’s Mobile Originator tools access to their loan pipeline, the ability to sign disclosures, order credit, view appraisals, and send pre-approval letters from their mobile device – all while syncing in real-time with their LOS. This solution improves the disclosure experience without disrupting current disclosure processes.
“The term digital mortgage is used extensively in the industry to describe any number of new technologies transforming the loan process. Technology solutions are addressing the way loan officers work, delivering new efficiencies, compliance, and profitability. But noticeably absent up until this point has been a reliable solution to manage the disclosure process,” stated Matt Hansen, SimpleNexus Chief Executive Officer.
SimpleNexus has created a whole new disclosure solution to improve the borrower, loan officer, and underwriter experience at the critical loan estimate and closing disclosure stages. Disclosure management on SimpleNexus offers the following features:
SimpleNexus sends borrowers and loan originators instant push notifications on their mobile device when they need to complete tasks related to the disclosure process. The platform also sends text and email notifications at various stages in the process.
Seamless E-consent and Mobile Signing
Borrowers can easily give e-consent, as well as review and sign disclosure documents directly from their mobile app. For disclosure documents that may still require a wet signature, borrowers can print these portions and then use the mobile app to scan and upload the document after hand signing to ensure timely delivery to the loan officer.
On-the-Go Execution for Loan Officers
SimpleNexus’ disclosure solution builds on the platform’s Mobile Originator tools. Loan officers can execute their portion of the disclosure signing anytime, anywhere from their smart device.
All disclosure tasks are seamlessly updated in the lender’s loan origination system (LOS) automatically to provide compliance peace of mind. The integrated tracking is made possible through a real-time, bi-directional integration between the SimpleNexus platform and the LOS.
The new SimpleNexus disclosure offering is one piece of the platform’s overall toolset. As a complete digital mortgage solution, SimpleNexus delivers a measurable return on investment by reducing close times, increasing efficiency, and delivering customer satisfaction.
SimpleNexus, LLC is a digital mortgage solution provider, connecting loan officers to their borrowers and Realtors® to easily communicate and exchange data in a single location throughout the entire loan life cycle. Loan officers can manage their loan pipeline, order credit, run pricing, and send pre-approvals— all on the go. The app can be easily shared with borrowers and Realtors®, giving them the modern mortgage tools, they want and need.
SimpleNexus is the industry leader in mobile origination, with fifteen of the top 25 retail mortgage lenders in the U.S. using their digital mortgage platform serving more than 200 enterprise mortgage companies and more than 20,000 loan officers nationwide. To learn more visit simplenexus.com.
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