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Overview
NYLX maintains the nation’s largest real-time database of
mortgage programs and associated risk-based adjusters, rates and
prices from local, regional and national lending institutions.
We offer access to our data through high performance user
interfaces that incorporate NYLX proprietary product
eligibility and best-execution loan pricing technologies enabling our customers to adapt to market
conditions in real-time, make smarter decisions, and achieve
better executions on all transactions.
As a leader in data management, eligibility and best-execution
pricing solutions, NYLX brings value to thousands of members
within mortgage banking and brokerage firms nationwide. Many
of the mortgage industry’s best-known companies subscribe to NYLX's
services in support of their data, eligibility and
time-sensitive pricing needs.
At NYLX, we are focused on accelerating our revenue and profit growth by
extending our leadership position in selected segments within
the mortgage industry.
Philosophy
At NYLX we have a philosophy of responsiveness and innovation.
We work closely with clients, responding to feedback and
incorporating new ideas to produce the ultimate eligibility and
loan pricing solutions. We recognize that decisioning and
pricing technology continues to evolve and are committed to
remaining at the forefront of this process by embracing new
techniques and challenging conventional solutions.
History
NYLX’s origin dates back to 1998 when automated loan pricing was
in its infancy. It started when NYLX's founder, Howard H. Conyack Jr.,
developed a software system for his mortgage company that gave
Realtors the ability to originate mortgage applications in
accordance with federal RESPA regulations. In 2003, Howard
shifted the focus of the organization from mortgage
company operations to a data management and software provider specializing
in advanced eligibility and pricing systems for mortgage
originators. Within three years, NYLX became the dominant
provider in the industry, out-performing original expectations.
Research & Development
NYLX continues to invest in research and development in its mission to create
advanced software.
NYLX built the industry’s most powerful product eligibility and
best-execution loan pricing platform, and we continue to lead the market by
developing innovative features and functionality for the
platform. The company is enhancing the functionality of its
LoanDecisions application as well as continuing to evolve its
investor database to keep up with the changing environment.
Investments in additional quality control procedures,
technology, and knowledgeable personnel all are evident in the
results of the company's data integrity.
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