has announced the availability of new capabilities for SimpleNexus’ mobile and Web applications: On-the-Go Price Locking via Optimal Blue; URLA Readiness; and in-app review of DU findings.
Loan originators can now lock in an interest rate from Optimal Blue at any time, from any device. The ability to quickly lock in a loan interest rate is especially critical to helping loan originators reduce fallout for applicants with tight debt-to-income ratios.
SimpleNexus has updated its tech stack to support lenders’ use of the redesigned Form 1003, also known as the Uniform Residential Loan Application (URLA). URLA support is in live production for users of select loan origination systems, and the SimpleNexus team is prepared to support additional LOSs as they adopt URLA.
And, loan originators who are licensed to use Fannie Mae’s Desktop Underwriter (DU) can review their DU findings within the SimpleNexus app.
“At SimpleNexus, product development begins with listening to the needs of our users,” said SimpleNexus Vice President of Product Shane Westra. “The response to these new capabilities, designed to help lenders work with ease no matter where they are, has been tremendously positive. Our product roadmap for 2020 will continue to focus on solutions that drive profitability and deliver a consumer-grade experience to all users.”