Since Matt Hansen founded SimpleNexus in 2014, the company has grown astronomically. What started out as a lark, creating a mobile app for his brother-in-law’s mortgage lending business, turned into one of the biggest names in digital mortgages.
Under Hansen’s leadership, SimpleNexus was recognized as a 2018 Top 500 company by Inc. Magazine, checking in at No. 359 on the prestigious list.
SimpleNexus achieved the recognition as a bootstrapped company, earning $3.9 million last year, and growing 1,405% over the past three years.
The company was also named as one of HW’s Tech100 as one of the top technology companies in the housing industry.
SimpleNexus offers a digital mortgage platform that allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their loan origination system.
Currently, 15 of the top 25 retail mortgage lenders are using the SimpleNexus digital mortgage platform, servicing more than 18,000 loan officers and 180 enterprise lenders nationwide. The platform has processed $100 billion in loan transactions, and more than 450,000 borrowers have used the SimpleNexus app to complete the mortgage process.
And, all that growth led to a big injection of funding in 2018. Back in June, the company raised $20 million in capital from Insight Venture Partners to fuel its plans for the future.
What’s the best advice you’ve ever received?
“The most important decision you will ever make is who you marry.”
