Utah-based mortgage technology solutions-provider, SimpleNexus was ranked among the top 500 companies by Inc. recently. Ranked at No. 359, SimpleNexus said that the recognition came at a time when the company was seeing revenue growth and an increase in 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.
According to a statement by SimpleNexus, 15 of the top 25 retail mortgage lenders in the US use 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 company said.
“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, Founder, and CEO of SimpleNexus.
“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 in this year's rankings.
“Companies that made the list, on average, have grown sixfold since 2014,” stated James Ledbetter, Editor-In-Chief at Inc. “During a stretch when the economy grew around 11 percent, that’s a result most business can only dream of.”