New Disclosure Solution Improves The Borrower, Loan Officer, And Underwriter Experience

SimpleNexus has released a 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 experiencewithout disrupting current disclosure processes.


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“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.


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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:


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Notifications

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.


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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. 

Disclosure Tracking

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.