According to the company, Nexus Pay gives mortgage loan applicants the ability to pay for any mortgage-related charges. Payments such as appraisal fees, credit checks, first month's payment, and more can be fulfilled in the same mobile hub borrowers use to receive loan status updates, eSign documents, collaborate with loan officers and Realtors, and complete other loan-related tasks.
Loan applicants can submit payments via credit card or ACH within the SimpleNexus app without human assistance. The company states that this will accelerate the delivery of payments and creating process efficiencies for mortgage lenders.
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