Camden National Bank Adopts Advanced Mortgage Origination and Closing Solutions by nCino
January 03 2024 - 7:30AM
nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital
transformation solutions for the global financial services
industry, today announced the implementation of its mortgage
origination and closing solutions from nCino’s Mortgage Suite by
Camden National Bank.
Camden National Bank is a nationwide lender with branches
predominantly concentrated in Maine and Massachusetts. The Bank’s
replacement of its legacy mortgage point-of-sale (POS) technology
with digital solutions from nCino’s Mortgage Suite is the latest in
a series of modernization efforts aimed at providing superior
flexibility and convenience for loan originators and customers.
“Loan originators are now equipped with better, easier, and
faster access to their loans, allowing them to better connect with
customers — all from their phones. Similarly, customers can connect
with us from any mobile device and can even start an application on
one device and jump to another to finish it,” said James Dell’Anno,
Senior Vice President, Director of Mortgage Banking and Consumer
Lending at Camden National Bank.
The transition to nCino’s Mortgage Suite has also made it easier
for the Bank to accept digitally signed loan documents instead of
requiring wet-signed paperwork, which in turn will allow Camden
National Bank to offer solutions that support remote online
notarization (RON) closings, a notarization method recently
authorized by newly enacted legislation in Maine and
Massachusetts.
“nCino’s native support for eSigning and eNotarization puts us
ahead of competitors in providing faster, more convenient closings
customers prefer. Customers can join from wherever they are — at
work, between errands, or from their kitchen table,” Dell’Anno
added.
“We are pleased to partner with Camden National Bank to improve
accessibility and convenience for its loan originators and
customers,” said Ben Miller, Executive Vice President U.S. Mortgage
at nCino. “These solutions not only modernize and automate the
Bank’s mortgage processes, they also help position Camden National
Bank to be a regional leader in fully online closings.”
About nCinonCino (NASDAQ: NCNO) is the
worldwide leader in cloud banking. Through its single
software-as-a-service (SaaS) platform, nCino helps financial
institutions serving corporate and commercial, small business,
consumer, and mortgage customers modernize and more
effectively onboard clients, make loans, manage the loan lifecycle,
and open accounts. Transforming how financial institutions operate
through innovation, reputation and speed, nCino is partnered with
more than 1,850 financial services providers globally. For more
information, visit www.ncino.com.
Media ContactsNatalia MoosePress@ncino.com
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subject to known and unknown risks and uncertainties that may cause
actual results to differ materially including, among others, risks
and uncertainties relating to the market adoption of our solution
and privacy and data security matters. Additional risks and
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results are included in reports filed by nCino with the U.S.
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www.ncino.com or the SEC's web site at www.sec.gov). Further
information on potential risks that could affect actual results
will be included in other filings nCino makes with the SEC from
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