At a time when profitability is top of mind for mortgage lenders and vendors alike, nCino increased its investments in mortgage R&D by 47% from 2022 to 2023. This commitment to innovation has enabled nCino to build mortgage toolsets that take lender productivity to the next level for meaningful cost savings and a differentiated borrower experience. With results like these, it’s easy to understand why more than 400 IMBs, banks and credit unions rely on nCino’s Mortgage Suite to capture more leads, streamline the customer journey, enhance stakeholder collaboration and execute origination and closing processes with improved efficiency.
nCino’s Mortgage Suite connects more than 30,000 active loan originators and 105,000 real estate agents with millions of borrowers for a more seamless and collaborative homeownership journey. In all, more than 400 IMBs, banks and credit unions are providing a modern home financing experience with nCino Mortgage, accounting for 35% of the top U.S. lenders.
By automating loan processing and closing, delivering modern customer convenience, surfacing data insights and simplifying incentive compensation management, nCino’s Mortgage Suite increases financial institutions’ mortgage profitability, with lenders currently reporting 29% higher application pull-through and 49% improvement to average cycle times. Lenders who adopt the optional eClose feature within nCino Mortgage are saving even more time and money, with hybrid closings shaving $80 and 70 minutes off each loan and full eClosings saving lenders $444 and more than 7 days per loan.
