SimpleNexus introduces in-app payments with debut of Nexus Pay at MBA Annual21

Rhea-AI Summary

SimpleNexus has announced the launch of Nexus Pay at the Mortgage Bankers Association Annual Convention in San Diego, scheduled for October 17-20. This new feature allows mortgage loan applicants to make payments for various charges seamlessly through the SimpleNexus app, which also provides updates on loan status and other functionalities. Powered by Global Payments (NYSE: GPN), Nexus Pay enhances transaction efficiency by allowing users to pay via credit card or ACH without needing human assistance. The demo of Nexus Pay will occur on October 19.

Positive

• Introduction of Nexus Pay enhances payment efficiency for mortgage processes.
• Streamlined workflow allows applicants to pay without human assistance.
• Live demonstration scheduled for October 19, showcasing new capabilities.

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• None.

LEHI, Utah, Oct. 13, 2021 /PRNewswire/ -- SimpleNexus (https://simplenexus.com/), developer of the leading homeownership platform for loan officers, borrowers, real estate agents and settlement agents, today announced the debut of Nexus Pay at the Mortgage Bankers Association's Annual Convention and Expo (MBA Annual21) happening October 17-20 at the San Diego Convention Center.

Powered by global payment technology provider Global Payments (NYSE: GPN), Nexus Pay enables mortgage loan applicants to seamlessly pay for any mortgage-related charges. Payments such as appraisal fees, credit checks, first month's payment and more can be fulfilled in the same mobile hub borrowers use to receive loan status updates, eSign documents, collaborate with loan officers and Realtors and complete other loan-related tasks.

Nexus Pay makes it easy for loan applicants to submit payments via credit card or ACH within the SimpleNexus app without human assistance, accelerating delivery of payments and creating process efficiencies for mortgage lenders. In-app push notifications alert applicants when they need to complete a payment task, and lenders can use the SimpleNexus admin portal to track payment history; view payment status on the borrower's loan details page; and edit, void or refund payments if necessary.

"With Nexus Pay, we've removed the friction that often occurs when payments are required in the mortgage workflow, making it easier and quicker for borrowers to pay — and lenders to receive — those payments," said SimpleNexus Chief Product Officer Shane Westra. "By folding another step of the homeownership journey into the SimpleNexus app, lenders can provide their customers an industry-leading, on-brand home financing experience from start to finish."

See Nexus Pay in Action
Mortgage lenders attending MBA Annual21 are invited to join SimpleNexus for a welcome reception co-hosted by Notarize and Regorra at the San Diego Wine and Culinary Center on Sunday, October 17, from 7:30 to 10:00 pm PT.

SimpleNexus will present a live demonstration of Nexus Pay on Tuesday, October 19, during the 12:30-1:15 pm PT lunch break. The demo will take place at the Innovation Stage, Ground Level, Exhibit Hall A.

Conference attendees can also stop by SimpleNexus' booth #601 in THE HUB during exhibition hours on Sunday, October 17, from 6 to 7:30 pm PT, on Monday, October 18, from 10 am to 5 pm PT or on Tuesday, October 19, from 9:30 am to 4 pm PT.

About SimpleNexus, LLC: 
SimpleNexus is a homeownership platform transforming the mortgage experience and connecting borrowers, loan officers, real estate agents and settlement service providers throughout the homebuying process. The platform's native mobile toolset enables lenders to originate, process and close home loans from anywhere with increased efficiency and convenience. Loan officers can manage their loan pipelines, order credit, run pricing, send pre-approvals, sign disclosures and execute eClosings - all on the go. SimpleNexus provides borrowers with a single sign-on experience from home search to the application, document upload, eClose and beyond for a more streamlined homeownership journey.

Twitter: @SimpleNexus #mortgageindustry #housing #fintech #MBAAnnual21 #homebuyers #mortgage #mortgages

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SOURCE SimpleNexus

FAQ

What is Nexus Pay introduced by SimpleNexus?

Nexus Pay is a new payment feature that allows mortgage loan applicants to pay for charges directly within the SimpleNexus app.

When will Nexus Pay be demonstrated?

Nexus Pay will be demonstrated on October 19 during the MBA Annual Convention.

Who powers Nexus Pay?

Nexus Pay is powered by Global Payments, listed on NYSE under the symbol GPN.

What benefits does Nexus Pay offer to mortgage applicants?

Nexus Pay facilitates seamless payments for mortgage-related charges, improving efficiency and reducing friction in the payment process.

Where can attendees learn more about Nexus Pay?

Attendees can learn more about Nexus Pay through a live demonstration at the MBA Annual Convention or by visiting SimpleNexus at booth #601.