NYLX
www.nylx.comNYLX’s best practices strategy and offering mix is a proven way for mortgage companies to transform their processes into a cost-efficient growth and profit engine. Our approach integrates a SaaS-based technology platform with service expertise, knowledge and partnership resources to deliver affordable, robust, and flexible product eligibility and loan pricing solutions.
NYLX operates the mortgage industry’s pre-eminent national electronic platform for accurate and up-to-date investor program data, rates, and guideline information. NYLX’s industry leading product eligibility and best execution loan pricing solutions along with timely market data allow mortgage professionals the unique ability to adapt to market conditions in real-time, make smarter decisions, and achieve better executions on all transactions.
Since 2004, NYLX has served as a conduit of information for mortgage brokers, bankers and investors with free as well as fee for service solutions that enhance product delivery, ensure accuracy and streamline processes and business channels.
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.
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.
