Shares in the cloud banking solutions developer are down 14% after the company says the mortgage technology business it acquired for nearly $1 billion in 2022 has been a drag on growth but is expected to pick up.
Source: Inman News
Mortgage a tough nut to crack for technology provider nCino
Published in earnings q2 2024, economy, imb, independent mortgage banks, Industry News, inflation, Mortgage, mortgage rates, mortgage technology, nCino, non-bank lenders, Pierre Naudé, Select, SimpleNexus and Technology
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