SimpleNexus helps lenders make the closing process as digital as they want – HousingWire



As homebuyers complete much of the digital creation process, from asset verification to disclosure, they expect a similar modern closing ceremony. The Nexus closure from SimpleNexus allows lenders to digitally provide mortgage loans from application to closure.

“With Nexus Closing and the SimpleNexus platform, lenders can provide borrowers with a fully digital home shopping experience with single sign-on for an unforgettable modern experience that drives repeat and referral customers,” said CEO Kathleen Schreiner Gates.

Nexus Closing offers the convenience of single sign-on for borrowers, full LOS integration to preserve lender workflows, improved ownership collaboration tools, and support for traditional, hybrid, and all-digital closures.

With one set of credentials, clients can safely navigate the entire mortgage process, including the closing phase. Borrowers are also allowed early access to 80% of their final documents prior to closing day, which shortens final closing times.

Through several key components, Nexus Closing is able to offer a single platform eClose solution with the flexibility to integrate into a lender’s existing workflow to streamline mortgage operations and provide modern convenience for borrowers. For example, the platform offers Hybrid eClose, which allows lenders to send hybrid closing packages for the borrower to sign electronically. The securities or any documents requiring a notary will continue to be signed personally by the settlement agent and the borrower.

Nexus Closing also has an integrated Remote Online Notarization (RON) so lenders can provide fully digital closings, allowing the required documents to be notarized online via a video-link ceremony between the borrower and the notary. In addition, the RON scheduling feature opens up available times when all parties can meet to complete any remaining documents as quickly as possible.

EMortgage integration with Nexus Closing includes eNote document creation, eNote sealing at closing time, tamper evident verification and eNote delivery to eVault for registration with the MERS eRegistry.

“Nexus Closing gives lenders the ability to make the closing process as digital as they want. In addition to improving customer experience, Nexus Closing offers lenders significant ROI with improved operational efficiency, improved data integrity and faster delivery of loans to the secondary market, ”said Andria Lightfoot, VP of Professional Services.

A key feature of Nexus Closing is deep LOS integration, which preserves existing workflows and provides new digitization efficiency for the closing process. The platform can move closing documents bi-directionally between the LOS and the title company, allowing lenders to reduce duplication and process closing documents faster.

“For businesses and borrowers alike, time is money,” added Jay Arneja, senior product manager. – By eliminating the hours spent traveling to the closing location, mobile notaries can schedule more closures per day. And best of all, Nexus Closing cuts time spent printing, scanning, faxing and mailing documents, as well as saving on paper, ink, shipping and document storage costs. ”

SimpleNexus is a mobile homeowner platform where borrowers can apply for a loan, sign disclosures, send paperwork, communicate with their lender, and close a loan – all with the same login on their preferred device. In short, SimpleNexus has brought mortgage lending to the intuitive shopping experience that consumers have come to expect from their favorite commercial applications.


Kathleen Schreiner Gates, CEO

For 35 years, Kathleen Schreiner Gates has accelerated early-stage growth and in global software-as-a-service (SaaS) organizations.

headshot-andria-light foot-1

Andria Lightfoot, VP of Professional Services

developing a strategy for corporate software solutions and implementing innovative solutions for change management.


Jay Arneja, Senior Product Manager

Jay Arney, who has held positions at MERS and worked closely with Fannie and Freddie, has over 25 years of experience in wholesale / correspondent lending, as well as experience in creating processes / products and technology solutions for mortgage transactions in the primary and secondary markets.


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