Industry NewsMortgage

NYLX, Mortgage Builder ink deal

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NYLX has reached an agreement to provide real-time loan product and pricing information to Mortgage Builder Software Inc. Mortgage Builder is an end-to-end mortgage lending solution for retail and wholesale loan production, delivering pre-qualification tools, processing, underwriting, closing, post-closing, final document tracking, secondary marketing, warehousing, delivery, interim servicing and construction loan tracking, with application service provider (ASP), purchase and software-as-a-service (SaaS) platform options. Mt. Arlington, N.J.-based NYLX's LoanDecisions application can be used for point-of-sale applications or secondary market functions, helping users identify the most profitable loan product, adapt to market conditions in real-time, and keep up-to-date with products and guidelines. NYLX also provides consumers with access to wholesale loan prices through LendingArt.com (see story). *** What's your opinion? Leave your comments below or send a letter to the...