SimpleNexus Secures $108M In Funding To Enhance Its Digital Mortgage Platform

SimpleNexus secured $108 million in Series B funding as the company looks to further enhance its digital mortgage platform. The funding was led by Insight Partners, according to a press release.

SimpleNexus is one of the fastest-growing technology companies in North America, according to the release. The company saw four consecutive quarters of record-setting revenue growth in 2020, as reported by Cathleen Schreiner Gates, president of SimpleNexus.

"We created a best-in-class mobile toolset that delivers hundreds of thousands of lender referrals each year by bringing together consumers, real estate agents and loan officers from the point of thought," said Schreiner Gates. "Then we perfected the loan application with features like our mobile mortgage disclosures, which empowers borrowers to finish in hours a task that normally takes days. With the support of Insight Partners, we will build on the momentum we received from bringing to market the best eClosing experience lenders and consumers have ever seen. Our vision is to hone the entire home buying journey from the borrower's first contact with a Realtor to the closing table and beyond."

According to the press release, the $108 million in capital raised follows an initial investment of $20 million from Insight Partners.

"The SimpleNexus platform continues to strengthen, addressing key industry pain points while preserving lender flexibility, efficiency and simplicity," said Jeff Lieberman, managing director at Insight Partners.

Click here to learn more about SimpleNexus' plans to enhance its digital mortgage platform.