NYLX, a provider of point-of-sale product eligibility and pricing technology systems, has entered an integration partnership with Mortgage Builder, a provider of comprehensive end-to-end mortgage banking software. As a result, Mortgage Builder users will have seamless access to loan product and pricing information, accessible directly from the Mortgage Builder system.
‘With pricing and guideline changes occurring frequently throughout the day, mortgage professionals need fast, accurate information,’ states John Alexander, president of NYLX. ‘Now Mortgage Builder is offering its clients the security of NYLX's accuracy along with access to real-time lender rates and guidelines. We have also incorporated a number of enhancements, which include automated loan re-pricing notification to help loan officers stay informed on borrower rate and payment targets and an instant messenger service that notifies loan officers as changes in investor program guidelines and loan requirements occur.
LoanDecisions, NYLX's flagship product, enables mortgage professionals to make faster, more informed decisions, NYLX says. It can be used for either point-of-sale applications or secondary market functions and helps users to immediately identify the most profitable loan product, adapt to market conditions in real time and keep up to date with products and guidelines.
Source: NYLX