back Back

OSB Community Bank adopts Nexus Closing to support hybrid closings

By Edlyn Cardoza

July 21, 2022

  • Homeownership Platform
  • Hybrid Closing
  • Illinois

SimpleNexus, nCino, Homeownership Platform, Loan Officers, OSB Community Bank, Ottawa Bancorp, Nexus Closing, Hybrid Closing, Nexus Engagement, Nexus Origination, Illinois, USASimpleNexus, a nCino company and developer of the United States’ leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, recently announced that OSB Community Bank, a subsidiary of Ottawa Bancorp, Inc., has implemented SimpleNexus’ Nexus Closing™ to facilitate hybrid closings. The bank will leverage Nexus Closing alongside Nexus Engagement™ and Nexus Origination™— tools the bank has used for six years — to facilitate a ‘from anywhere’ borrower experience from application to closing.

Founded in 1871, OSB Community Bank is an Illinois-chartered commercial bank with loan officers operating out of branches in Ottawa, Marseilles and Morris, Illinois.

“SimpleNexus provides a modern, easy-to-use interface for customers, while helping our LOs give homebuyers the personalized service that OSB Community Bank has prided itself on for more than a century,” said OSB Community Bank’s Director of Mortgage Sales,  Dan Sabol. “More than offering our customers a unified financing experience, Nexus Closing’s seamless integration with Nexus Engagement and Nexus Origination will enable us to operate in a more organized, efficient and productive manner.”

Nexus Engagement helps lenders and real estate agents develop relationships with early-stage homebuyers through integrated home search, instant chat, and payment calculators. Nexus Origination is a comprehensive point of sale (POS) platform that enables borrowers to fill out loan applications, eSign documents, check loan status updates and pay mortgage-related charges through a Nexus Pay feature. Nexus Closing supports all types of mortgage closings, from traditional to hybrid to full eClosings. The entire SimpleNexus suite can be accessed by borrowers, lenders, and other authorised stakeholders from anywhere through a single sign-on portal.

“For organizations producing billions of dollars in mortgage volume to community lenders like OSB Community Bank, SimpleNexus curates a frictionless homebuying experience that delights borrowers and promotes operational efficiency from start to finish,” said SimpleNexus Chief Product Officer Shane Westra. “OSB Community Bank brilliantly models how SimpleNexus can be used to keep LOs, real estate agents and homebuyers connected throughout the loan lifecycle, while achieving faster conversion times and growing origination volume.”

Previous Article

July 20, 2022

3 companies based in Europe that offer Risk Management solutions

Read More
Next Article

July 21, 2022

Airwallex launches online payments app on Shopify

Read More

IBSi Daily News Analysis

Wealth management, HNIs, HNWIs

June 02, 2023

Homeownership Platform

How wealth management firms can grow revenues in a declining market

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Barclays invests in new working capital tech for corporate clients

Read More

June 01, 2023

5 Companies leveraging AI to transform the future of FinTech

Read More

May 31, 2023

Prosper appoints new Chief Marketing Officer

Read More

Related Reports

Sales League Table Report 2022

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q1 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q1 2023

£1,500.00 / year

Know More
Global Transaction Banking Vendors and Landscape Report Q1 2023

£1,500.00 / year

Know More
Treasury & Capital Markets Systems Report Q1 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2022