Transaction adds state-of-the-art operating tools and business intelligence to SimpleNexus’ vast home ownership platform
LEHI, Utah, October 15, 2021 (SEND2PRESS NEWSWIRE) – SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and agents settlement, today announced the acquisition of LBA Ware ™, a software company based in Macon, Georgia (https://www.lbaware.com). The strategic transaction, SimpleNexus’ first, brings together 325 employees in 29 states to serve 425 separate lender clients and dozens of mortgage technology integration partners.
“The integration of LBA Ware with SimpleNexus’ homeownership platform offers mortgage lenders an unprecedented array of competitive advantages in terms of borrower engagement, loan creation and closing, and mortgage lenders. ‘operations and business intelligence,’ said SimpleNexus CEO Cathleen Schreiner Gates. “This is an exciting time for SimpleNexus. We welcome our new colleagues, who share our passion to help lenders excel in their markets.
“As a company that values our partnerships with SimpleNexus and LBA Ware, we recognize that this is an exciting time for both companies and an opportunity for two market-leading teams to come together to push back the limits innovation on behalf of mortgage bankers, ”said Randy Allen, CIO of national lender Fairway Independent Mortgage Corporation.
LBA Ware CEO Lori Brewer will join SimpleNexus as Executive Vice President and General Manager. Brewer founded LBA Ware in 2008 and led the seeded company through thirteen years of product innovation and organic revenue growth. Initially a developer of custom software solutions for banks and mortgage lenders, LBA Ware quickly made a name for itself as the creator of CompenSafe ™, the original and most widely used incentive compensation management (ICM) software in the mortgage industry. . In 2019, LBA Ware diversified its product offering with the introduction of LimeGear ™, a turnkey mortgage business intelligence (BI) platform.
“Together, LBA Ware and SimpleNexus will be able to offer mortgage lenders even more than the sum of our parts and redefine not only the digital mortgage experience, but also the mortgage BI category,” said Brewer. “As constant forces of innovation in the mortgage industry, our firms have remarkably compatible cultures and complementary products. We look forward to a bright future as a unified team.
SimpleNexus and LBA Ware have more in common than their compatible cultures. Both companies became permanent members of the Inc. 5000 list of America’s fastest growing private companies, and each gained a loyal customer base, exemplified by an average Net Promoter Score® that far exceeds industry benchmarks. financial services and B2B software. SimpleNexus and LBA Ware are both long-standing members of the Mortgage Bankers Association (MBA), Mortgage Collaborative (TMC), and American Credit Union Mortgage Association (ACUMA), among other industry associations.
The transaction is expected to close by October 19, 2021.
Lenders attending the Mortgage Bankers Association 2021 Annual Convention and Exhibition are invited to join SimpleNexus for a welcome reception co-hosted by Notarize and Regorra at the San Diego Wine and Culinary Center on Sunday, October 17, from 7:30 p.m. to 10 p.m. TP. Schreiner Gates and Brewer will be on hand to meet with those interested in learning more about the acquisition.
Brewer is also a guest speaker at the conference. On Tuesday, October 19, she will join Owen Lee, CEO of Success Mortgage Partners, and Laird Nossuli, CEO of iEmergent, for a session designed to teach lenders how to manage costs and make smart staffing decisions with operational data and insights. key performance indicators (KPI). “Balancing Your Talent Pool” takes place from 1:30 pm to 2:30 pm in Room 1 on the upper level of the Congress Center.
Founded in 2011, SimpleNexus is an award-winning developer of mobile technology first for the modern mortgage lender. Lenders depend on our eponymous homeownership platform to unite people, systems and stages of the mortgage process into a seamless end-to-end solution that covers engagement, origination, close. and business intelligence. By helping lenders manage their teams and stay in touch with borrowers and real estate partners, we deliver a measurable return on investment in the form of reduced turnaround times, increased loan application submissions and more. ‘a greater number of referral cases. Four times an Inc. 5000 company, SimpleNexus has been recognized as one of the world’s best workplaces for innovators.
For more information, visit https://www.simplenexus.com or follow @SimpleNexus.
Twitter: @SimpleNexus @LBAWare #mortgageindustry #housing #fintech #homebuyers #mortgage #mortgages #acquisition
* LOGO link for media: https://www.Send2Press.com/300dpi/21-1015s2p-snex-logo-300dpi.jpg
CONTACT WITH THE MEDIA:
DepthPR for SimpleNexus
NEWS SOURCE: SimpleNexus
This press release has been published on behalf of the information source (SimpleNexus) who is solely responsible for its accuracy, by Send2Press® Newswire. Information is believed to be accurate but is not guaranteed. Story ID: 76020 APDF-R8.2
&Copy; 2021 Send2Press®, a press release and electronic marketing service from NEOTROPE®, California, United States.
To view the original version, visit: https://www.send2press.com/wire/simplenexus-is-acquiring-lba-ware/
Disclaimer: The contents of this press release were not created by The Associated Press (AP).