Camden National Bank Adopts Advanced Mortgage Origination and Closing Solutions by nCino, Inc
January 03, 2024 at 06:00 pm IST
Share
nCino, Inc. 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.
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, Inc. is a global provider of cloud banking solutions for the global financial services industry. The Company offers nCino Bank Operating System, which is a single, multi-tenant software-as-a-service solution that connects financial institutions (FI) employees, their clients and third parties on a single, cloud-based platform, eliminating silos and bringing new levels of coordination and transparency to the FI. This platform provides all the functionality necessary to complete workflow, enabling client onboarding, loan origination, deposit account opening, analytics and compliance. The nCino Bank Operating System also delivers data analytics and artificial intelligence and machine learning (AI/ML) capabilities through its nCino IQ application suite to provide its customers with automation and insights into their operations, such as tools for analyzing, measuring and managing credit risk, as well as to improve their ability to comply with regulatory requirements.