Nexsys Technologies

2021 HW Tech100

A FinTech company focused on engineering and delivering innovative solutions to create smarter lending processes

Nexsys Technologies-2021 Tech100 winners-mortgage

Nexsys Technologies is focused on engineering and delivering innovative solutions to create smarter lending processes. Nexsys took a long, hard look at the various steps in a mortgage transaction and found the verification of HOI is an inefficient and outdated step that impacts every home purchase and refinance. The company’s proprietary technology, Clear HOI, digitizes and automates the communication between mortgage lenders and insurance companies – creating a process that is easy for lenders, insurers and clients alike. With Clear HOI, Nexsys leverages a new set of APIs which allows mortgage lenders to securely pull in proof of insurance directly into their LOS, ensuring that a client’s privacy is protected. With Clear HOI, the previously draining verification process now takes mere seconds and allows for all parties in a mortgage transaction to have enhanced speed and certainty.

  • Since June 2019, three of the top five homeowners insurance companies are now on the Clear HOI platform
  • Live with more than 20% of America’s homeowners insurance market
  • 400% increase in transactions in November 2020 compared to January 2020

Company Website:

http://www.nexsystech.com

Markets Served:

Loan Origination

Company HQ:

Detroit, MI

3d rendering of a row of luxury townhouses along a street

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