AmeriCU to introduce a mobile mortgage lending experience powered by SimpleNexus
New York-based credit union to implement Nexus Engagement™, Nexus Origination™ and Nexus Closing™ to modernize the member homebuying experience and gain process efficiencies
ROME, NY (January 31, 2023) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced today that AmeriCU will implement Nexus Engagement™, Nexus Origination™ and Nexus Closing™ to provide a streamlined, mobile-first member experience.
Founded in 1950, AmeriCU is a member-owned, not-for-profit financial institution with more than 150,000 members and $2.4 billion in assets. AmeriCU’s mortgage loan originators help members achieve their financial goals by connecting them with conventional fixed-rate mortgages, adjustable-rate mortgages, jumbo loans, Veterans Administration (VA) loans, home equity loans, home equity lines of credit (HELOCs) and more.
“At AmeriCU, the satisfaction of our members is always our number one priority,” said Stephanie McGuire, senior vice president of lending at AmeriCU. “By equipping our mortgage teams with intelligent tools from SimpleNexus, they will be able to offer our members a more holistic homebuying experience and achieve unprecedented operational efficiency.”
Nexus Engagement helps lenders engage pre-application leads and strengthen referral strategies with real estate agents via a shareable mobile app featuring integrated tools such as homesearch listings and a payment calculator. Nexus Origination, SimpleNexus’ point-of-sale (POS) technology, enables borrowers to apply for a loan, submit documents, monitor loan status, contact their loan officer, electronically sign (eSign) disclosures and more. Nexus Closing is a comprehensive solution that supports traditional, hybrid and fully digital eClosings. Leveraging these tools together will enable AmeriCU to offer members a modern, single-sign-on experience via a mobile app while benefiting from the productivity advantages of streamlined workflows.
To maximize the process efficiencies of SimpleNexus, AmeriCU will activate SimpleNexus’ native integration with the credit union’s new loan origination system (LOS). Bi-directional data syncing between SimpleNexus and AmeriCU’s LOS will enable originators to enjoy simplified workflows. For instance, loan officers will have the ability to quickly generate and send disclosure documents directly from the SimpleNexus mobile app.
“SimpleNexus is a cost-effective resource for credit unions that want to offer members a more convenient and connected homebuying experience,” said Ben Miller, CEO of SimpleNexus. “Our mobile toolset, made stronger by native integrations and an open API framework, facilitates a state-of-the-art homebuying experience from point-of-thought to close.”
About AmeriCU Credit Union
AmeriCU Credit Union was chartered in 1951 as the Griffiss Employees Credit Union and operated
out of a desk in the Headquarters Building at Griffiss Air Force Base in Rome, serving only civilian members. As they grew, the charter was amended to expand the field of membership and the variety of products and services offered. Over the years, the credit union went through many
mergers. In 2000, they changed their Federal charter to a New York State community charter and their name was changed to AmeriCU Credit Union. Today, with over $1.6 billion in assets, AmeriCU Credit Union serves over 134,000 members throughout Central and Northern New York in 19 different locations. Active and retired military members are served worldwide. They offer a complete line of financial services, including: consumer and real estate loans; FHA; HELOCs; personal lines of credit; credit cards; checking, savings and investment accounts; and a full suite of online and mobile banking services. Investments and insurances are offered through its wholly owned subsidiaries. Their mission is to provide members the right financial services to live life, dream big, and achieve financial success. AmeriCU staff consistently achieves and often exceeds the highest marks for satisfaction in the industry. They were named one of the Best Companies to Work for in New York State by SHRM in 2018, 2016, and 2014, each year they have participated.
SimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com or follow @SimpleNexus.