NYLX is a self described “Product Eligibility and Loan Pricing Engine”, or in short, a loan pricing tools for mortgage professionals. NYLX was originally the engine behind TheMoneyStore.com when the company decided that they could enter the loan pricing market and take market share with their existing tool.
The top business uses for the NYLX pricing engine as listed at NYLX.com are:
- Basic Product & Pricing Engine
- Consumer Direct
- Wholesale / TPO
- Referral / Affiliate
- Secondary / Lock Desk
- Mark-to-Market / Bulk Pricer
- Loan Reprice Engine
- Rate Sheet Generator
From the NYLX “About Us” Page:
NYLX’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.
NYLX also hosts an Exchange where data from user pricing submissions is aggregated.
NYXL Loan Pricing Software Pricing and Contact Information
There is no visible pricing on the NYLX.com website.
NYLX is located at 100 Valley Road Suite 201, Mt. Arlington, NJ 07856. They can be reached Toll Free at 866.557.6959 and their fax is 866-311-7047.