SimpleNexus
Med Trafficsimplenexus.com
Overview
SimpleNexus is a homeownership platform that connects loan officers, borrowers, real estate agents, and settlement agents in a single digital mortgage experience. The company provides mobile-first mortgage technology that streamlines the home loan process from application through closing. It was acquired by nCino in 2022, becoming a key part of nCino's mortgage banking suite.
By the Numbers
Founders
Matt Hansen is a technology entrepreneur who built SimpleNexus from a small Utah startup into one of the leading mortgage technology platforms in the US. He has a background in software development and financial technology.
Hansen started SimpleNexus as a side project to help a single loan officer with a mobile app, which then grew into a platform used by thousands of loan officers nationwide.
Ben Miller co-founded SimpleNexus and helped build the early technical infrastructure of the platform. He contributed to the mobile-first architecture that differentiated the product in the market.
The founding team built the initial product out of Lehi, Utah, part of the growing 'Silicon Slopes' tech corridor.
Funding
Competitors
Blend focuses more broadly on consumer banking and insurance lending, while SimpleNexus emphasizes mobile-first loan officer enablement.
ICE is a larger, more comprehensive LOS platform; SimpleNexus targets the point-of-sale and borrower engagement layer.
Maxwell targets smaller community lenders with digital mortgage tools, whereas SimpleNexus serves mid-to-large lenders.
Floify is a point-of-sale solution for individual loan officers; SimpleNexus operates at enterprise scale.
BeSmartee provides a digital mortgage POS platform with a focus on bank and credit union clients.
Key People
Pierre Naudé is the CEO of nCino and championed the acquisition of SimpleNexus to expand nCino's presence in the mortgage banking market. He has led nCino since its founding in 2012.
David Aach served as COO of SimpleNexus prior to the acquisition and has continued in a leadership role within nCino's mortgage division, overseeing operational integration.
Cathleen Schreiner Gates has led go-to-market and growth strategy for the SimpleNexus platform within nCino, bringing extensive mortgage industry expertise.
Revenue & Model
Hiring Signals
Tech Stack
Notable Customers
Web Presence
Verified from public records — not AI-estimated.
How They're Doing
SimpleNexus was acquired by nCino in January 2022 for approximately $1.2 billion, marking a significant milestone for the Utah mortgage tech company. Following the acquisition, SimpleNexus has been integrated into nCino's cloud banking platform as its mortgage banking solution. The combined platform serves hundreds of financial institutions across the US.
●Acquired by nCino in a deal valued at approximately $1.2 billion in January 2022
●Rebranded and integrated as nCino Mortgage within the broader nCino cloud banking suite
●Continued expansion of enterprise mortgage lender client base post-acquisition
Prognosis
As part of nCino, SimpleNexus's technology is positioned to benefit from cross-selling opportunities across nCino's existing financial institution client base. The mortgage market slowdown due to rising interest rates presents near-term headwinds, but the platform's deep integrations and enterprise client base provide resilience. Long-term, nCino's continued investment in the mortgage vertical should expand the product's capabilities.
●Cross-sell to nCino's existing bank and credit union customer base
●Expansion of eClosing and digital settlement capabilities
●Recovery of mortgage origination volumes as interest rates normalize
●Prolonged mortgage market downturn reducing lender technology spending
●Integration challenges and potential product identity dilution post-acquisition
●Competition from well-funded players like Blend and ICE Mortgage Technology
Recent News
nCino completes acquisition of SimpleNexus for approximately $1.2 billion in stock
nCino Press Release
SimpleNexus rebranded as nCino Mortgage following integration into nCino platform
nCino
SimpleNexus announces merger agreement with nCino in $1.2B deal
PR Newswire
SimpleNexus raises $108M Series B led by Insight Partners at over $1B valuation
TechCrunch
Fun Facts
- 01SimpleNexus started as a custom mobile app built for a single loan officer, never intended to become a platform company.
- 02The company was headquartered in Lehi, Utah — part of 'Silicon Slopes,' a growing tech hub that rivals San Francisco in mortgage and fintech innovation.
- 03SimpleNexus reached unicorn status ($1B+ valuation) just before being acquired, making it one of Utah's most successful fintech exits.
Timeline
Acquisition by nCino closes; SimpleNexus begins integration as nCino Mortgage
Announces merger agreement with nCino in a deal valued at approximately $1.2 billion
Raises $108M Series B from Insight Partners, valuing company at over $1 billion
Launches eClose capabilities enabling fully digital mortgage closings
Company reaches significant growth milestone with hundreds of lender clients
Platform expands to serve multiple lenders with branded mobile mortgage apps
SimpleNexus founded in Lehi, Utah as a mobile app for mortgage loan officers