SimpleNexus, a provider of enterprise digital mortgage solutions, was recognized as a top 500 company by ranking No. 359 in the recently-released 2018 Inc. 5000 List.
The recognition comes at a time of tremendous growth for SimpleNexus in both revenue and customer satisfaction. The company is known primarily for their private-label digital mortgage platform and mobile app. The platform connects mortgage lenders with borrowers and real estate agents, streamlining the exchange of data and documents for all parties throughout the loan lifecycle.
SimpleNexus has 15 of the top 25 retail mortgage lenders in the US using its enterprise digital mortgage platform. Over $100 billion in transactions have flowed through the platform, and over 450,000 borrowers have used the SimpleNexus app.
The swift adoption of digital mortgage solutions is indicative of need for this service within the mortgage industry. “We are humbled by this recognition and acknowledge the direct role our lenders’ success using the platform has played in the significant growth we have experienced as a company,” stated Matt Hansen, SimpleNexus founder & CEO.
More and more lenders are beginning to turn to a mobile-first approach for their digital mortgage solution, and as a result, more than 18,000 Mobile Originators™ are using SimpleNexus. The platform enables loan officers to close loans more quickly, increase realtor referrals, and gain a competitive advantage.
“The data shows that using SimpleNexus, originators can close loans up to 20 percent faster,” Hansen noted. With the ability to close loans quickly and efficiently, both lenders and borrowers are eager to switch to this mobile-first mentality for their digital mortgage needs.
SimpleNexus joins the ranks of companies such as Intuit, Zappos, Under Armour, Microsoft, Patagonia, and other household names. Inc.’s 36-year history celebrates the unprecedented growth of American organizations from a multitude of industries.
“Companies that made the list, on average, have grown sixfold since 2014,” stated James Ledbetter, Inc. Editor-In-Chief. “During a stretch when the economy grew around 11 percent, that’s a result most business can only dream of,” Ledbetter continued.
Other inductees to the 2018 rankings include Peloton, Brooklinen, and PopSockets. All inductees will be recognized at the annual Inc. 500 conference and gala, which will take place in San Antonio, Texas, from Oct.17-18.