NYLX is the market leader for automated mortgage data applications and solutions. From point of sale to secondary market, NYLX makes mortgage investor data actionable, providing our customers' a strong return on investment. Our industry leading product eligibility and best execution loan pricing solution, LoanDecisions, gives
mortgage professionals the unique ability to attract borrowers, adapt to market conditions in real-time, make smarter decisions and achieve better executions on transactions.
NYLX best practice strategies and offering mix enable mortgage companies to transform their processes into a cost-efficient growth and profit engine. Our approach integrates a Software-as-a-Service based technology platform with service expertise, compliant processes, and partnership resources to deliver affordable, robust, and flexible product eligibility and loan pricing solutions. With over one million pricings per month, our flagship on-demand application, LoanDecisions, is used by banks, credit unions and mortgage bankers nationwide.
Philosophy
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.
History
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.
NYLX is named a Top 50 Mortgage Technology Service Provider two years in a row.