NYLX Introduces LoanBook

NYLX, a Mt. Arlington, N.J.-based provider of point-of-sale product, eligibility and pricing technology systems, has launched LoanBook, the industry's first pricing engine specifically designed to help lenders achieve the highest available profits on each loan they sell to secondary market investors.

LoanBook continually monitors loans in process, actively compares them against loan programs currently available on the market, and automatically alerts the secondary manager of pricing improvements. With LoanBook's analysis, lenders can make immediate pricing decisions that can bring revenue increases of 20% to 30% per loan or more, depending on market fluctuations, NYLX says.

A Web-based subscription service, LoanBook searches its preloaded database of approved investor programs, locates the program with the optimal yield based on each loan's unique criteria, and notifies the secondary manager when loans reach a specific profit threshold based on dollar revenue or yield spread. Users then have the choice to lock or float rates based on the detailed, dollar-valued yield listed for each loan.


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