MOUNT ARLINGTON, NJ, October 15, 2012 (Press-News.org) Business Solutions, a subsidiary of the American Bankers Association, has selected NYLX, Inc. as the alliance partner to provide banks with technology to support mortgage loan product eligibility, loan pricing and life of loan performance monitoring and analytics through its proprietary products LoanDecisions and LoanHD . Both LoanDecisions and LoanHD will be offered to ABA members at advantaged prices.
A pioneer in the development of pricing engine technology, NYLX's LoanDecisions is an eligibility and pricing engine that helps banks offer the best loan pricing possible to their borrowers, ensures that loans meet all investor guidelines and supports compliant pricing discussions. LoanHD, another NYLX innovation, addresses significant market needs in the loan risk management arena. This solution is used to monitor the risk in a lender's loan portfolio, create loan loss reserve projections and increase the speed with which banks can refresh and analyze loan-level data enabling lenders to significantly reduce the time and expense required to prepare for regulatory audits.
"We are pleased to work with NYLX to offer this best in class technology that can help our members quickly and efficiently offer the best and most suitable products and pricing to their customers and better manage their portfolio risk," said William Kroll, president of Business Solutions.
"NYLX is honored to have been selected as a Business Solutions exclusive provider," said Howard Conyack, chief executive officer at NYLX. "Our commitment to community bankers is to create easily adoptable applications that aggregate investor, borrower, collateral and market data, transforming this information into insights for better and more informed decision making. We hear from our customers all over the country that regulatory compliance is creating significant complexities that can overwhelm current resources. Through this alliance with Business Solutions, we hope to bring bankers an affordable and more streamlined alternative to manage risk and opportunity in the origination and management of mortgage loans."
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation's $14 trillion banking industry and its two million employees. Learn more at www.aba.com.
NYLX is a software-as-a-service application provider to banks nationwide. Additional information may be found at www.nylx.com.
BA Subsidiary Names NYLX Exclusive Provider of Mortgage Product Eligibility, Pricing, and Portfolio Risk Management Technology
Business Solutions has selected NYLX, Inc. as the alliance partner to provide banks with technology to support mortgage loan product eligibility, loan pricing and life of loan performance monitoring and analytics through its proprietary products.
2012-10-15
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[Press-News.org] BA Subsidiary Names NYLX Exclusive Provider of Mortgage Product Eligibility, Pricing, and Portfolio Risk Management TechnologyBusiness Solutions has selected NYLX, Inc. as the alliance partner to provide banks with technology to support mortgage loan product eligibility, loan pricing and life of loan performance monitoring and analytics through its proprietary products.