SimpleNexus a platform for mortgage lenders, has acquired LBA Articles – another mortgage lender software provider, according to a company statement. The deal, slated to close this week, brings together 325 employees serving 425 lenders and technology integration partners.
CEO of SimpleNexus Cathleen Schreiner Gates says the combination provides a competitive advantage for borrower engagement, loan origination and closing:
âThis is an exciting time for SimpleNexus. We welcome our new colleagues, who share our passion to help lenders excel in their markets.
CEO of LBA Ware Lori Brewer, who founded the company in 2008, will join SimpleNexus as Executive Vice President and General Manager.
âTogether, 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. 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, âsaid Brewer.
Earlier this month, SimpleNexus said it had onboarded more than 66 new corporate clients in 2021 with active loan originators (LOs) using SimpleNexus at the start of the fourth quarter, surpassing 41,000, an increase of 48% compared to the start of the year.