94
CoreLogic Home Price Index, found that
the overall HPI had increased on a year-over-
year basis every month since February 2012.
It gained 57.3 percent since hitting its bottom
in March 2011. In June 2018, the overall HPI
was 5.2 percent higher than its precrisis peak in
April 2006. However, when adjusted for infla-
tion, home-price appreciation remained 13.3
percent below its April 2006 peak.
UTAH
SimpleNexus Among
Top 500 Companies
Utah-based mortgage technology solutions
provider SimpleNexus was ranked among the
top 500 companies by Inc. Ranked at No. 359,
SimpleNexus said the recognition came at a
time when the company was seeing revenue
growth and an increase in customer satisfaction.
e company is known primarily for its pri-
vate-label digital-mortgage platform and mobile
app. e platform connects mortgage lenders
with borrowers and real estate agents, stream-
lining the exchange of data and documents for
all parties throughout the loan lifecycle.
According to a statement by SimpleNexus,
15 of the top 25 retail mortgage lenders in
the United States use its Enterprise digital-
mortgage platform. "Over $100 billion in
transactions have flowed through the platform,
and over 450,000 borrowers have used the
SimpleNexus app," the company said.
"We are humbled by this recognition and
acknowledge the direct role our lenders' success
using the platform has played in the significant
growth we have experienced as a company,"
stated Matt Hansen, Founder and CEO of
SimpleNexus.
"e data shows that using SimpleNexus,
originators can close loans up to 20 percent
faster," Hansen noted. "With the ability
to close loans quickly and efficiently, both
lenders and borrowers are eager to switch to
this mobile-first mentality for their digital
mortgage needs."
SimpleNexus joins the ranks of companies
such as Intuit, Zappos, Under Armour, Micro-
soft, Patagonia, and other household names in
this year's rankings.
"Companies that made the list, on average,
have grown sixfold since 2014," stated James
Ledbetter, Editor-in-Chief at Inc. "During
a stretch when the economy grew around 11
percent, that's a result most business can only
dream of."
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