nCino to obtain home mortgage platform SimpleNexus

Cloud banking services supplier nCino on Tuesday revealed strategies to obtain SimpleNexus, the designer of a home loan loaning platform utilized in one in 7 home mortgage originations in the U.S., in a stock and money deal valued at about $1.2 billion. Under the proposition, nCino would obtain SimpleNexus for around $240 million in money and $960 […]


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