Mortech, nylx, optimal blue, price my loan, and open. Purchasing your first home can be daunting and most people require a mortgage. Mlos can create very powerful marketing and customer care campaigns that are highly targeted to borrower needs and that make our. Find the best commercial loan software for your business. With so many financial terms used in the mortgage industry, the whole process can. Byte software, a provider of loan origination software for banks,credit unions and mortgage brokers, has partnered with nylx to provide product eligibility and best executionloan pricing technology to its customer base. Lender prices versatility allows correspondent lenders, banks, and credit unions to manage product pricing for all mortgage types conforming, nonconforming, nonqm, and specialty loans. Loanlogics was born as the result of the merger between aklero risk analytics inc. Merger proves that standalone ppes may be dead by tony garritano in the past 12 to 18 months we have seen a slew of product and pricing engines ppes get acquired.
Openclose bolsters commitment to software innovation and enhancement of digital mortgage technology, adds experienced technologist as vp of innovation. Nylx adds realtime alerts to product and pricing engine. Kirkland, wa prweb october 20, 2008 byte software, a leading provider of loan origination software for banks, credit unions and mortgage brokers partners with nylx, inc. Mortechs 39 employees provide subscriptionbased software. Before the crisis, aklero saw success in a company called nylx had in helping lenders price mortgages.
Mortgage market guide mmg be the resource realtors. Through byte softwares new partner program, bytelink, nylx and byte software will be able to provide users a seamless and more efficient way to. Loanlogics is a recognized leader in loan quality management and performance analytics technology. From point of sale to secondary market, nylx makes mortgage investor data actionable, providing our customers a strong return on investment. Mortgage builder is your complete loan origination and servicing solution. Mortgage software loan quality management loan audit. Loan origination, servicing, escrow, trust accounting. Client services support analyst loanlogics career page. Openclose bolsters commitment to software innovation and. Before registering, ensure that your name is selected as the loan officer under. Byte software, a provider of loan origination software for banks, credit unions and mortgage brokers, has partnered with nylx to provide. The two firms merged in 20, combing nylxs pricing savvy and akleros technology. In the increasingly competitive loan environment, banks and credit unions often price loans based on a gut feel and competitor rates. The company has integrated with product eligibility and pricing ppe technology provider nylx, of mt.
Nylx, a wellknown pointofsale product eligibility and pricing. The new features were a result of partnerships with the software firms nylx and brokerbuddy, ellie. Loanpricing pro is an easytouse software program that provideslenders with competitive loan pricing analytics, as well as informationhighlighting the value of customer relationships. Loan origination software lo soft cisco credit information services. Weekly tech report with allen pollack lykken on lending. Mortech features a variety of products that can help automate daytoday workflows and bring simplicity to the complex mortgage environment. Lender price mortgage pricing engine and digital mortgage. Also pull guides for jumbos to check ltv fico requirements and qualifying during time of application. Allen was a cofounder of nylx, serving as chief technology officer where he introduced new technology models that disrupted the mortgage lending space.
Our industry leading product eligibility and best execution loan pricing solution, loandecisions, gives mortgage professionals the unique ability to attract borrowers, adapt to market conditions in realtime, make smarter decisions and achieve better. Nylx was originally the engine behind when the company decided that they could enter the loan. Leads360 is lead management software company that services the mortgage, debt, insurance, loan modification and education verticals. Through byte softwares partner program, bytelink, nylx has created a seamless interface to access product and pricing information for mortgage loans while in bytepro. Nylx was originally the engine behind when the company decided that they could enter the loan pricing market and take market share with their existing tool. Loanlogics raises big series b as market for consumer. We help residential mortgage lenders, servicers, insurers. Nylx, mortgage builder tout integration housingwire. Loanlogics, a trevosebased provider of mortgage compliance software, said it has provided the technology for freddie macs new tool designed to. The rapidly growing company has 450 clients and over 20,000 users and offers proven technology, compliance and risk expertise, and strong industry leadership to improve the transparency and reliability of loan assets through life of the loan.
Nylx has changed its name to loanlogics as part of its merger with aklero risk analytics, inc loanlogics is a recognized leader in loan quality management and performance analytics. Loanlogics regtech software validates compliance, improves loan quality and manages risk during the manufacture and acquisition of loan assets. Mortgage grader appeals two decisions of the district court. Branch manager mortgage branch opportunities mortgage. Mortgage builder announces two integrations mortgageorb. Mortgage builder loan origination and servicing solutions. A new repricing notification system alerts nylx users via email of loan repricing, just minutes after details are announced from the investor, and also displays a visual warning in the.
Andi suggests multiple pricing options to meet both the clients goals and the banks return target. We were looking for an innovative and accretive means to put our loan officers in the best position to succeed in this challenging origination marketplace. Allen cofounded and served as cto of new york loan exchange nylx, a loan product eligibility and pricing engine ppe that made an immediate impact on the industry, scaling the company quickly and forming partnerships with multiple mortgage and financial lending companies. Nylx offers product and pricing technology in byte software. Nylx is a self described product eligibility and loan pricing engine, or in short, a loan pricing tools for mortgage professionals.
To learn more, schedule your complimentary loanpricing pro demonstration or loan analysis today. Byte software offers product and pricing engine in bytepro. To name a few, calyx acquired loanscore decisiong, ellie mae followed by acquiring mortgage pricing systems, mortgage builder acquired lxe, ppe optimal blue acquired competitor sollen and earlier this year san. Mortgage technology software company providing mortgage pricing engine, online mortgage quoting, lock. Kirkland, wa prweb june 8, 2009 byte software, a leading provider of loan origination software for banks, credit unions and mortgage brokers, partners with nylx to provide product eligibility and bestexecution loan pricing technology to its customer base.
Loanlogics is a recognized leader in loan performance and quality analytics. Lock loans both old clients, new clients and purchase transactions into nylx. This is a list of the different loan origination systems we interface with. Why regtech is a necessity for reducing the cost of managing mortgage loan quality hmda automation reporting technology blueprint to improve correspondent loan acquisition. Entering a loan in encompass retail ratesheet effective. The claims in this case were directed to a computerized system for anonymous shopping for a bank loan, which was found to be the abstract idea behind the claims by the court. Loanlogics cuts deal to provide technology to freddie mac. Nylx was one of the early pioneers in the development of pricing engine technology and continued its leadership for innovation with the launch of a performance analytics and monitoring platform for loanlevel risk management. Nylx provides advanced mortgage software, including loan performance analytics and loan pricing software to bankers, lenders, and loan servicers. For help using nylx, see the nylx instructions document. Byte software offers a loan origination system that helps streamline the entire mortgage production process from origination through sale on the secondary. Our customizable software empowers teams, adapts to changing regulations, and. Their solution enables company to sync the leads360 interface with many of the leading lead providers to provide efficient management and distribution of leads. They customize pricing assumptions and deal terms, compare options relative to the banks pro.
The partnership results in a new level of sophistication for price decisioning, allowing mortgage lenders to achieve the best possible pricing for loan. Mortech, nylx, optimal blue, price my loan, and open close. Argosy group, lp searches for the best software solutions to improve business technology and streamline efficiency in business. Tabrasa mortgage marketing automation, crm, and sales. Solutions for commercial loan pricing precisionlender. Nylx has reached an agreement to provide realtime loan product and pricing information to mortgage builder software inc. Byte software, a provider of loan origination software for banks, credit unions and mortgage brokers, has partnered with nylx to provide product eligibility and best execution loan pricing technology to its customer base.
Calyx point, a loan originator software that tracks your pipeline. Our loan pricing software is a valuable tool that measures risk and provides maximum profitability for community lenders. Rms make datadriven decisions as they craft personalized client scenarios and see 360 views of each relationship. Lender price is a mortgage pricing engine used by mortgage loan originators to price out thousands of mortgage products from hundreds of lenders in realtime. Assist with and run scenarios through nylx for pricing and programs for loan officer.
Loanlogics company profile office locations, competitors. For over 25 years lenders and loan servicers all over the world have experienced. Through byte softwares partner program, bytelink, nylx has created a seamless interface to access product and pricing information. Loan logics, formerly nylx, a user friendly, real time, online pricing engine. First, mortgage grader appeals the district courts denial of its motion to strike defendantsappellees first choice loan services, inc.
286 716 440 69 1606 611 1067 852 544 1207 1301 1044 1463 1545 1038 1034 1061 988 743 516 953 917 296 856 553 402 1103 225 617