SimpleNexus is expanding its client roster and the capabilities of its homeownership platform for loan officers, borrowers, and real estate agents by making its first acquisition — Macon, Georgia-based software developer LBA Ware.

LBA Ware’s products include CompenSafe, which simplifies loan officer compensation, and LimeGear, a business intelligence and performance management platform that lets lenders track loans through the pipeline and monitor production at the loan and employee level.

Lori Brewer

LBA Ware CEO Lori Brewer, who founded the company in 2008, will join SimpleNexus as executive vice president and general manager, which will have 325 employees and 425 lender customers when the deal closes later this month. Terms of the deal were not disclosed.

Cathleen Schreiner Gates

“Bringing LBA Ware into the SimpleNexus homeownership platform gives mortgage lenders an unprecedented array of competitive advantages across borrower engagement, loan origination and closing as well as operations and business intelligence,” SimpleNexus CEO Cathleen Schreiner Gates said in a statement. “This is an exciting moment for SimpleNexus. We welcome our new colleagues, who share our passion for helping lenders excel in their markets.”

SimpleNexus products include Nexus Engagement, a sharable cobranded mobile app for real estate agents, homebuyers and loan officers that enables “a more personal and transparent partner referral strategy.”

Once homebuyers are ready to apply for a loan, Nexus Origination streamlines the process, allowing them to navigate the application process and upload documents with a single log-in. Real estate agents get visibility into loan status and milestone updates.

To streamline collaboration during the closing process, Nexus Closing provides full loan origination system integration and a choice of traditional, hybrid or fully digital closings.

Before announcing its acquisition of LBA Ware, Lehi, Utah-based SimpleNexus said it had onboarded more than 66 new enterprise customers this year, with more than 41,000 active loan originators using the platform at the beginning of October, up 48 percent from Jan. 1.

SimpleNexus says its platform has been used by more than 5.8 million borrowers and 141,000 real estate partners, helping facilitate more than $419 billion in loans this year to date.

Email Matt Carter

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Hear from Realogy, Pacaso, SERHANT., Spotify, Redfin, Douglas Elliman, and 100+ more leaders at ICNY.Register now×
Limited time: Get 30 days of Inman Select for $5.SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription