Q1 not so bad after all, nCino says in surprise sneak peek at earnings
In notifying shareholders of its upcoming June 18 annual meeting, the company detailed $49.8M in restricted stock awards granted to 5 top executives over the past 3 years
by Matt Carter May 21
Investors surprised by nCino's $18.6M Q4 loss, cautious guidance
Shares in cloud banking solutions provider hit a new all-time low after company posts guidance that revenue from the company's main line of business could shrink by as much as 7% this year
by Matt Carter Apr 2
Mortgage a tough nut to crack for technology provider nCino
Shares in the cloud banking solutions developer are down 14% after it says that mortgage tech business acquired for nearly $1B has been a drag on growth but is expected to pick up
by Matt Carter Aug 28
Hometown Lenders' national expansion collided with rising rates
In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20M in tax credits, clawing back $1M from warehouse lenders
by Matt Carter Jun 5
After retiring SimpleNexus brand, nCino grows its mortgage business
Since acquiring SimpleNexus for $933.6M and rebranding the company, nCino has been signing new clients and cross-selling its mortgage solution to existing bank and credit union clients
by Matt Carter Jan 3
Marketing guru's run for POTUS puts speakers in awkward position
NAR's Lawrence Yun among prominent figures scheduled to speak at virtual event where Momentifi CEO and U.S. presidential candidate Gibran Nicholas will hawk his book
by Matt Carter Apr 17
Mortgage lenders use tech and local ties to grow national footprints
Atlanta-based direct mortgage lender Silverton Mortgage, a Snapdocs client, has added new branches in the Carolinas, Arkansas and Missouri over the past year
by Matt Carter Aug 19
Homebuyers can start loan apps with Google or Facebook credentials
Floify claims it's the first first major mortgage point-of-sale software provider to offer Single Sign-On (SSO) capabilities
by Matt Carter Jul 7
Hometown Lenders eyes national expansion with 14 new branches
While other mortgage lenders are laying off workers, Huntsville, Alabama-based Hometown Lenders is advertising more than 40 jobs for loan originators, processors and other positions
by Matt Carter May 23
Proptech co-founder ousted after claiming 'Jews' behind COVID plot
David Bateman co-founded Entrata 2 decades ago. In a new email he claimed COVID and related vaccination efforts are part of a Jewish plot to bring the world under totalitarian rule
by Jim Dalrymple II Jan 4
Ellie Mae vets form SPAC to acquire mortgage and real estate startups
Southport Acquisition Corp. seeking companies with $50M to $100M in revenues that are valued between $1B and $2B, the company said in an investor prospectus on Friday
by Matt Carter Dec 10
Mortgage tech startup SimpleNexus to be acquired by nCino for $1.2B
Deal provides cloud banking solutions provider nCino with an entry point into the $4B US point-of-sale mortgage market
by Matt Carter Nov 17
SimpleNexus acquires LBA Ware in bid to expand lender toolset
LBA Ware founder Lori Brewer will join SimpleNexus as EVP and general manager
by Matt Carter Oct 15
Doma adds Wells Fargo as a client as it prepares to go public
The startup, which is aimed at digitizing the transaction process, plans to go public through a blank check merger with Capitol Investment Corp. V
by Matt Carter May 18
eClosings
Lenders that use SimpleNexus can now provide borrowers with a fully digital, single sign-on homebuying experience from application to closing
by Kelsey Ramírez Apr 29