LEHI, Utah, Nov. 12, 2020 (SEND2PRESS NEWSWIRE) — SimpleNexus ( https://simplenexus.com/ ), developer of the leading digital mortgage platform for loan officers, borrowers, real estate agents and settlement agents, today announced the availability of home insurance quotes from Progressive® (NYSE: PGR, https://www.progressive.com/ ) within the SimpleNexus digital mortgage app.
Home insurance is a requirement for nearly all single-family home purchase and refinance loans. If a borrower fails to provide proof of home insurance in time for the loan closing, the loan cannot be finalized and funded. Such delays are costly to lenders and inconvenient for all parties. SimpleNexus’ collaboration with Progressive makes it easy for borrowers to secure a home insurance policy in the same app they use to complete other loan-related tasks. Borrowers can also use Progressive’s HomeQuote Explorer™ to compare quotes from multiple carriers.