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nCino Closes Deal for Digital Mortgage Platform SimpleNexus

Friday, Jan 14 2022
Originating
Written by  The Mortgage Leader

SimpleNexus, a tech startup offering a digital mortgage platform for loan officers, borrowers and real estate agents, is officially under new ownership. So reports WilmingtonBiz.

ncinoCloud banking solutions developer nCino has announced that its purchase of SimpleNexus, announced in November, has been completed.

The $1.2 billion deal comprised $270 million in cash and roughly 12.75 million shares of nCino stock.

Read the full article from WilmingtonBiz.

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