Arvest Bank to Deploy the SimpleNexus First Mortgage Platform
LEHI, Utah, July 28, 2020 (SEND2PRESS NEWSWIRE) – SimpleNexus (https://simplenexus.com/), developer of the leading digital mortgage lending platform for loan officers, borrowers and real estate agents, today announced that more than 200 Arvest Bank (Arvest) personal loan officers will soon start to Offer borrowers and referral partners a more streamlined mortgage experience powered by SimpleNexus.
Arvest operates over 270 branches in four states and has total assets of over $ 20 billion. The wholly owned subsidiary Arvest Central Mortgage Company (CMC) is an authorized lender and mortgage manager serving clients in all 50 US states and the District of Columbia. Arvest serves a total of $ 71 billion between Arvest Bank and CMC.
“After managing unprecedented refinancing volume and setting new records for purchase transactions for two consecutive years, we knew we needed a world-class technology partner who could tune our mortgage division to deliver. works as efficiently as possible, ”said Matt Kendall, executive director of administration. operations for Arvest Central Mortgage Company. “At the same time, delighting clients with a positive mortgage transaction is the number one priority. SimpleNexus was the obvious choice with its simple, cohesive omnichannel experience that allows loan officers to focus on providing personalized service instead of chasing after tasks.
SimpleNexus’ comprehensive mortgage creation toolset is designed for mobile, but works from any device. For example, borrowers can start a loan application on a desktop computer and complete it on a mobile phone, and loan officers can order credit reports, set prices, send pre-approvals, and sign statements on the field using a mobile device. The platform brings together loan officers, borrowers and referral partners throughout the loan lifecycle for easy communication, efficient document exchange and transparent milestone updates.
Since Arvest manages the majority of the loans it grants, maximizing portfolio retention is an important part of the company’s financial risk management strategy. SimpleNexus helps keep customer relationships “sticky” by delivering a memorable mortgage experience through a branded app that stays on consumers’ phones long after the loan closes. When the borrower is ready for refinancing or a new loan purchase, SimpleNexus makes it easy to reconnect with the loan officer and real estate agent of their last transaction.
“Regional banks are finding that their mortgage divisions perform best when powered by technologies specifically designed to make lending teams more productive and the customer experience less burdensome,” said Matt Hansen, Founder and CEO of SimpleNexus. “SimpleNexus understands that a great customer experience doesn’t have to come at the expense of operational efficiency. We are excited to be working with Arvest Bank to create surprisingly straightforward mortgage transactions that will retain customers.
About SimpleNexus, LLC:
SimpleNexus is the digital mortgage platform that allows lenders to create and process loans from anywhere. The company’s best, easy-to-use app connects loan officers with their borrowers and real estate agents to easily communicate and exchange data in one place throughout the loan lifecycle. Loan officers can manage their loan pipelines, order credits, execute quotes, send pre-approvals, and sign disclosures – all on the go.
Arvest Bank operates more than 270 bank branches in Arkansas, Oklahoma, Missouri and Kansas through a group of 14 locally managed banks, each with its own board of directors and management team. These banks serve customers in more than 135 communities, with extended weekday bank hours in many locations. Arvest offers a wide range of banking services, including loans, deposits, cash management, credit cards, mortgages and mortgage services. Arvest is also one of the few banks in the country to have its mobile app – Arvest Go – certified by JD Power to provide an exceptional mobile banking experience. Arvest is an equal housing lender and member of the FDIC. For more information visit https: //www.arvest/com.
About Arvest Central Mortgage Company:
Arvest Central Mortgage Company (CMC) is a subsidiary of Arvest Bank, which manages and manages $ 61 billion in mortgages for more than 280,000 clients. CMC is a Certified Loan Manager for Fannie Mae, Freddie Mac, and Ginnie Mae, and is in good standing with HUD and the VA. Additionally, Moody’s Investors Service has ranked CMC as an SQ2 Primary Provider of Prime Residential Mortgages. Fitch Ratings has ranked CMC as the primary provider of RPS 2+ residential mortgages for its core product. For more information visit https://www.arvestcentralmortgage.com.
Twitter: @SimpleNexus @ArvestBank # digitalmortgage # mortgage
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News Source: SimpleNexus