Pinnacle Bank makes mortgage lending more efficient and profitable with SimpleNexus


Pinnacle Bank makes mortgage lending more efficient and profitable with SimpleNexus

By Edlyn Cardoza

Today

  • business intelligence
  • Elberton
  • Georgia

SimpleNexus, an nCino company and developer of America’s leading homeownership platform for loan officers, borrowers, realtors and settlement agents, recently announced that Pinnacle Bank, based in Elberton, Georgia had implemented Nexus Vision™ to support the optimization of bank mortgage operations with turnkey business intelligence (BI).

Founded in 1934, Pinnacle is a community bank with total assets of $2 billion and a loan portfolio of $1.18 billion. Its engagement with Nexus Vision is part of a broader strategic effort to improve the profitability of a mortgage operation that has successfully served clients’ real estate financing needs for many years, but has not always been a contributor. significant to Pinnacle’s balance sheet.

“Nexus Vision provides tactical, up-to-date reports that help our mortgage sales and operations managers run the business more efficiently and detect bottlenecks earlier,” said Bill Corbet, President of Triple Crossing Consulting and Managing Director of Pinnacle’s Mortgage Division. “This data insights informs a top-down process re-engineering that has already reduced mortgage cycle times by more than 50% and significantly improved net mortgage income.”

Nexus Vision is enterprise-grade BI software for mortgage lenders. Its visually intuitive dashboards provide executives, branch managers, and individual contributors with actionable insights into critical business operations, from production and pipeline metrics to employee, branch, and partner performance dashboards.

“Decisions are the currency of any modern business,” said Lori Brewer, Executive Vice President and General Manager of SimpleNexus. “Nexus Vision provides the basic data and insights lenders need to make more informed decisions for a healthier bottom line. We are proud to work with Pinnacle Bank to help transform mortgage lending into a business that serves shareholders and customers alike.

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