NYLX, Mortgage Builder Tout Integration
Cue the latest round of LOS integration as technology providers move ever-closer to all-in-one loan origination technology. NYLX, a well-known point-of-sale product eligibility and pricing technology provider, said Monday that it had entered an integration partnership with Mortgage Builder, one of the industry's larger loan origination software providers. The integration means that Mortgage Builder users will be able to access NYLX's product and pricing engine from directly within the LOS, both companies said in a press statement. "With pricing and guideline changes occurring frequently throughout the day, mortgage professionals need fast, accurate information," said John Alexander, president of NYLX. "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 PPE product, can be used for either point-of-sale applications or secondary market functions; the company said that the platform helps loan officers and brokers identify the most profitable loan product, adapt to market conditions in real-time, and keep up to date with products and guidelines. "Our clients look to us to provide the solutions that enable them to succeed in the mortgage arena, especially in tough markets," states Keven Smith, president and chief executive officer of Mortgage Builder Software. "By providing direct access to NYLX’s fast, reliable and up-to-the-minute product and pricing technology, we’re giving our clients a powerful tool for quickly adapting to the current market’s volatility and frequent changes." For more information, visit http://www.nylx.com and http://www.mortgagebuilder.com.