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8 | M R EP O RT loan officers, borrowers, real estate agents, and settlement agents to easily engage in the homeowner- ship process from any device. SimpleNexus' complementary products and mobile-first offerings will unlock additional opportuni- ties and provide greater value for new and existing customers, in- cluding enhancing nCino's mobile and point-of-sale offerings across additional lines of business. "We are thrilled to join forces with nCino, a company that shares our passion for innovation and commitment to customer success," said Cathleen Schreiner Gates, CEO of SimpleNexus. "I'm confident that together, we can accelerate digital transformation across the industry and better serve financial institutions and independent mortgage banks of all sizes." For the fourth quarter ending January 31, 2022, nCino expects SimpleNexus will contribute be- tween $3.6 and $3.8 million in total revenues from the closing date of the acquisition, January 7, 2022. Trust Lending Leverages ReverseVision Platform to Expand Its Reverse Business REVERSEVISION'S EXCHANGE LOS PROVIDES BROKERS WITH THE TECH TOOLS NECESSARY TO AUTOMATE AND HASTEN THE REVERSE LENDING PROCESS. R everseVision has announced that Doral, Florida-based Trust Lending, a national mortgage banker, has gone live with ReverseVision's Exchange (RVX) platform for its wholesale lending channel. Trust Lending recently imple- mented ReverseVision's Exchange loan origination system (LOS) to automate its reverse lending process. The company's goal was to grow a new reverse product line, and provide its broker part- ners with easy-to-use technology tools that help them quickly and efficiently originate and manage reverse mortgage deals. "Trust Lending established the foundation of our business based on trust and excellence in ser- vice—not only for our borrower customers but also for our highly valued broker network," said Cesar Robledo, Reverse Mortgage Manager at Trust Lending. "ReverseVision's technology platform helped Trust Lending expand operations into the reverse mortgage business, and it gives our employees and brokers the functionality they need to effi- ciently originate, manage, process, and close reverse loans with ease. ReverseVision's LOS has become the technology backbone of our reverse mortgage operations, and we are excited about our new- found ability to scale this side of the business." Trust engaged with ReverseVision as part of a long-term strategy to grow its wholesale business by adding a new revenue stream as the refi boom winds down. The mort- gage lender is leveraging RVX to provide elevated service to senior borrowers, tech tools for brokers, and service a significantly under- served market. "It's refreshing to see a tech-sav- vy independent mortgage banker like Trust Lending implement technology to help their brokers penetrate the reverse market," said Joe Langner, President and CEO of ReverseVision. "There is a tre- mendous amount of opportunity for forward lenders to easily get into reverse mortgages and capitalize on an untapped market. Not only does it add a healthy revenue stream to the topline, but it also helps our seniors get the best loan product for their specific retirement situation. It's a win-win." Daily AI Acquires Whiteboard CRM PURCHASE OF CUSTOMER RELATIONSHIP MANAGEMENT TOOL WILL BOOST DAILY AI'S CONTINUED EXPANSION IN THE MORTGAGE MARKETPLACE. D aily AI has announced the acquisition of White- board CRM, a customer relationship management (CRM) tool designed to accelerate lead management, partner relation- ships, team production, and revenue growth. The acquisition will enable Daily AI to continue its expansion of market share since its founding in 2019. "All of us at Daily AI are looking forward to partnering with Whiteboard," said Spencer Dusebout, Co-Founder and CEO of Daily AI. "With the combined power of our sales, development, product, marketing, and customer success teams, we believe we will be an unstoppable force in the mortgage lending industry to create automation and AI-driven products and services of significant value to our customers." Daily AI was co-founded in 2019 by Dusebout, who has been involved with and helped start several successful proptech firms. "Whiteboard has developed strong client relationships in the mortgage lending industry since its inception in 2018," said Kevin Ducey, former President and current strategic partner of Whiteboard CRM. "The Daily AI product represents a turning point for our industry regarding the capabilities it offers to origina- tors and enterprises. We're excited to start operating as a combined company and provide this value to Whiteboard customers." In 2021 alone, Daily AI marked a more than 1,000% increase in new users. "Our approach at Daily AI is to partner closely with our custom- ers to create high-value solutions that increase ROI," Dusebout said. "As a result, Daily AI has become the trusted partner of lending enterprises, brokerages, and top- producing loan officer teams who are competing and winning in today's market." Fulcrum Lending Partners With Northmarq PROPTECH PROVIDER WILL PROVIDE NORTHMARQ WITH FULL UNDERWRITING CAPABILITIES. F ulcrum Lending, a New York- and Los Angeles- based proptech multifam- ily mortgage company, has announced a partnership with Northmarq, which will enable Fulcrum to underwrite loans through its platform directly. Founded in June 2021, Fulcrum Lending's LoanCenter platform en- ables clients to access loan pricing on properties in real-time, along with providing market insights and other investor tools. Fulcrum Lending was founded by proptech veterans Maxwell Wu and Kenneth Mendonça. Wu, who serves as CEO, was previously Chief Underwriter at TapCap, a real estate technology company, "There is a tremendous amount of opportunity for forward lenders to easily get into reverse mortgages and capitalize on an untapped market." —Joe Langner, President and CEO, ReverseVision MTECH

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