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M R EP O RT | 7 MTECH loanDepot Wholesale has introduced new upgrades to further streamline the closing process for brokers and settlement agents through mello. "As we continue to grow loanDepot Wholesale, it's critical to provide our partners with the services and technology they need to best serve their buyers, especially in today's competitive market," loanDepot Wholesale's SVP of Sales Mike Klotz said. "In the few short months since launching Closing Connection in our proprietary broker portal, we have received excellent feedback on the speed and efficiency at which brokers have been able to close, and these new features take the platform a step fur- ther extending enhanced functionality to settle- ment agents. We anticipate a great response to these latest updates and have even more in the works for 2022." New Closing Connection functions for settle- ment agents include: • Simple Sign-On: A one-time credential set-up process with a sign-on screen using email address and created password. • Pipeline View: A portal where settlement agents can view loans associated with their email address on the pipeline screen, provid- ing quick access to all loans in process. • Schedule Closing: In addition to scheduling, rescheduling, or canceling a closing date, a closing calendar takes into consideration cur- rent turn times and closing capacity. • Retrieve & Upload Documents: Provides the ability to retrieve closing documents and upload executed package. Milo Launches Crypto Mortgage Offering NEW PRODUCT WILL ALLOW USERS TO LEVERAGE THEIR DIGITAL ASSETS TO PURCHASE U.S. REAL ESTATE. Milo has announced its new crypto mortgage that will give crypto investors the opportunity to utilize their digital assets to purchase U.S. real estate. Through this new program, Milo's clients will be able to pledge their Bitcoin and crypto- currency to purchase property and qualify for a 30-year crypto mortgage. This solution will allow clients to continue to own their Bitcoin and diversify into real estate, all while keeping the potential price appreciation of both. Milo's clients will be able to finance 100% of their purchase with zero dollar down payments required, boasting turn times faster than that of a conventional mortgage. By combining the se- curity of real estate with the liquidity of digital assets, Milo's offering seeks to bridge both the crypto world and the real world. "The world is changing rapidly, with how consumers make and invest their $2 trillion in crypto wealth," said Josip Rupena, CEO and Founder of Milo. "Clients expect us to come up with innovative solutions to extend credit to millions of great consumers." Milo's crypto offering has been in devel- opment since 2021 and is anticipated to be launched for most applicants come early 2022. The company is compiling a waitlist where clients have been granted early access to qualify for loans. "The existing ways for crypto consum- ers to access home credit has left them with unintended tax liabilities of selling for a down payment, or worse, the opportunity cost of see- ing their crypto increase in value," Rupena said. "There are countless stories of people buying property with Bitcoin proceeds only to see it increase in value and be worth millions more." Milo's other mortgage solution for foreign nationals has originated millions of dollars in loans already and has seen applicants from more than 63 countries. "This is an exciting time for the crypto and mortgage industries," Rupena said. "With our new crypto mortgage, we can expand our offerings to consumers that were previously denied by other banking firms just for having crypto. We have an opportunity to make sure that doesn't happen anymore, and their Bitcoin wealth can now help them buy a property." nCino Finalizes Deal to Acquire SimpleNexus TWO FIRMS REACH AGREEMENT TO ACCELERATE DIGITAL PROCESSES INDUSTRYWIDE VIA CLOUD-BASED OFFERINGS. n Cino Inc. has completed its acquisi- tion of SimpleNexus, a cloud-based, mobile-first homeownership software company, for total consideration of ap- proximately 12.76 million shares of nCino common stock, plus cash consideration of approximately $270 million, on a cash-free, debt-free basis and excluding transaction expenses. "We are excited to officially welcome the SimpleNexus team to the nCino family," said Pierre Naudé, CEO of nCino. "The combina- tion of nCino and SimpleNexus brings together two best-in-class, cloud-native companies focused on transforming the financial services industry by streamlining and simplifying cum- bersome financial processes with innovative, market-leading technology solutions. Together, we can enhance the offerings for our customers and strengthen nCino's position as the world- wide leader in cloud banking." The SimpleNexus platform unites clients, systems, and stages of the home buying process into a single end-to-end experience, enabling Anywhere. Anytime. MReport Digital Bringing Today's Lending Headlines into Focus, MReport Digital Puts Mortgage Banking News at Your Fingertips Experts you trust. People you know. News you want. MReport is putting essential mortgage market news at your fingertips with our new digital edition, now available online via your smartphone, tablet, or computer. Enjoy the magazine at your desk, and tap into MReport Digital's easily accessible platform anywhere, anytime. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MReport believes it's time to think differently about the mortgage industry. Because the American Dream is evolving . . . are you? Subscribe to MReport and MReport Digital now! Call 800.856.8060 or connect with us online at to take advantage of our special introductory offer! powered by THEFIVESTARINSTITUTE

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