{"id":471,"date":"2020-09-25T19:09:00","date_gmt":"2020-09-25T19:09:00","guid":{"rendered":"https:\/\/nms-archive.tiltedchair.co\/?p=471"},"modified":"2021-08-17T20:45:44","modified_gmt":"2021-08-17T20:45:44","slug":"nomis-solutions-reports-strong-adoption-of-its-mortgage-technology-platform","status":"publish","type":"post","link":"https:\/\/nms-archive.tiltedchair.co\/?p=471","title":{"rendered":"Nomis Solutions Reports Strong Adoption of its Mortgage Technology Platform"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Fintech firm Nomis Solutions reports that it is seeing widespread adoption of its Nomis Mortgage lending platform. Since its launch earlier this year, subscriptions to the data-driven lending platform have grown more than 125%, the company says in a release.<ins><a href=\"https:\/\/zackinpublications.com\/adserver\/www\/delivery\/cl.php?bannerid=2940&amp;zoneid=119&amp;sig=adf0dd82fa51f3c2355c2774ba95f6c9e1e2f90dbe7c7c0fe9163706c7f8b0fe&amp;oadest=https%3A%2F%2Fwww.computershareloanservices.com%2Fus%2Fbusiness%2Ffulfillment%2Foverview%3Futm_source%3Dmortgageorb%26utm_medium%3Dbanner%26utm_campaign%3Dfulfillment\" target=\"_blank\" rel=\"noreferrer noopener\"><\/a><\/ins><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Product usage trends indicate that customers have quickly integrated Nomis Mortgage into their pricing toolkit to keep a finger on the pulse of a volatile environment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cOur analysis of usage stats within the platform underscores that Nomis Mortgage equips lenders of all sizes to dramatically increase the granularity of their pricing strategy,\u201d says Joe Zeibert, managing director of global lending solutions at Nomis. \u201cFor example, when the FHFA announced an increase of 50 basis points for refis, we immediately saw a usage surge as lenders determined how best to adjust their rates in response.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s clear that lenders are using real-time data to evolve their pricing strategy and choose between volume and margin in specific markets,\u201d he adds.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Key usage trends the company has seen in the platform in recent months include the following:<\/p>\n\n\n\n<ul class=\"uk-list uk-list-disc wp-block-list\"><li> Frequent fine-tuning of margins to maintain strategy in specific markets and avoid costly mispricing;<\/li><li>Rapid response to changes and uncertainty, such as the now-delayed FHFA adverse market refinance fee; and<\/li><li>Formulation of strategies to increase both margin and volume.<\/li><\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cWe have found Nomis Mortgage to be very beneficial for recruiting and entering new markets. As a growing mortgage lender, it is crucial for us to have real-time market color when competing for new recruits. The Activity alerts are also very useful as they have allowed us to take a more tactical approach on tweaking pricing daily,\u201d says Devin Norales, director of capital markets at Premiere Lending, in the release.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cNomis built exactly what any modern lender needs: real-time market data to inform strategy,\u201d says Luke Johnson, CEO of Neat Capital, a venture-backed fintech lender. \u201cWe were thrilled to find this level of transparent market information.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fintech firm Nomis Solutions reports that it is seeing widespread adoption of its Nomis Mortgage lending platform. Since its launch<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[5],"tags":[6],"class_list":["post-471","post","type-post","status-publish","format-standard","hentry","category-news","tag-mortgage"],"acf":[],"_links":{"self":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/posts\/471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=471"}],"version-history":[{"count":0,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=\/wp\/v2\/posts\/471\/revisions"}],"wp:attachment":[{"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nms-archive.tiltedchair.co\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}