nCino to acquire mortgage platform SimpleNexus

https://bankautomationnews.com/allposts/core-cloud/ncino-to-acquire-mortgage-platform-simplenexus/
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Cloud banking solutions provider nCino on Tuesday announced plans to acquire SimpleNexus, the developer of a mortgage lending platform used in one in seven mortgage originations in the U.S., in a stock and cash transaction valued at about $1.2 billion. Under the proposal, nCino would acquire SimpleNexus for approximately $240 million in cash and $960 […]

https://bankautomationnews.com/allposts/core-cloud/ncino-to-acquire-mortgage-platform-simplenexus/