Real Estate Technology Company SimpleNexus announced Wednesday that founder Matt Hansen will step down as CEO, with current president Cathleen Schreiner Gates replacing him.
Hansen told HousingWire that he resigned to lead a team of software developers and sales staff for upcoming research and development tactics within SimpleNexus. This new role will give him more time to focus on his passion for the product and development, he said.
“I love solving product problems, that’s what makes me happy and I think it’s very important to realize where you are happy,” Hansen said. “With Cathleen’s experience coming in and being in a place where she can run the organization, which wasn’t the original plan but it worked that way, it just ended up working perfect.”
Schreiner Gates previously advised the tech startup as a board member in April 2020 prior to his appointment. as president of the company in September. Prior to SimpleNexus, Schreiner Gates served as Executive Vice President of Sales and Marketing at the digital mortgage technology provider. Ellie mae (now ICE mortgage technology).
Hansen would not describe the “skunkworks” project he is leading, which is out of the 15 teams SimpleNexus currently works with. In the interview, he spoke of creating an “end-to-end” mortgage experience, a common refrain in the fintech housing space.
“We have started to label ourselves as a homeownership platform,” Hansen told HousingWire. “We’re going to go earlier in the process with real estate agents and later in terms of people moving into their homes. And it’s already resonating with lenders, they want that place so consumers can do everything and I anticipate that it will continue to be a future trend.
The Utah-based software developer offers a private label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. The SimpleNexus platform enables loan officers to become “mobile originators”, using their smartphones to view applications, obtain credit reports and monitor all aspects of the loan process while connecting in real time to their LOS, and investors they have realized their success.
In January, the company raised a massive $ 108 million in a Series B funding round led by Insight Partners to help increase market share within the eClosing and mobile mortgage segments. SimpleNexus said in April that its platform now supports remote online notarization (RON) and has partnered with Notarize.
With the rise of Schreiner Gates, Hansen said he will work to expand what SimpleNexus has already established and is currently working in its target markets to increase marketing and customer organizations.
“SimpleNexus started out as an exciting project, an app to help my brother-in-law expand his mortgage business, and since then it has grown beyond what I originally envisioned,” Hansen said. “For the past seven years, I have had the great pleasure of creating a better home buying experience for consumers and lenders with the help of hundreds of dedicated and passionate professionals.”