The most powerful, feature-rich product
eligibility and loan pricing system available.
Faster, better-informed decisions
from the new standard for the
mortgage industry.
LoanDecisions, NYLX's flagship product, offers speed,
accuracy and extensive flexibility for automated multi-investor
eligibility and best execution loan pricing.
It incorporates our best-execution eligibility and pricing
capabilities with flexibility that
accommodates configuration to any
origination channel. LoanDecisions
is an essential delivery platform that can be
utilized for either point-of-sale applications or secondary
market functions.
Identify the most profitable product instantly
Adapt to market conditions in real-time
Keep up to date with products & guidelines
Private label investors products & pricing
LoanDecisions has a flexible platform and roles based architecture allows you to configure instantly to any business model. Click on
features and functionality below to see screenshots and their descriptions, or click here to request a demo and learn more.
BestX Displays You select the loan criteria and LoanDecisions will maximize your
opportunities with our BestX displays. BestX Doc Type (featured image) displays the best execution across six documentation types, BestX Lender shows the complete pricing
for one product and documentation type for each available rate, and BestX Points displays the BestX across 3
different point options.
Find hidden revenue opportunities within all of our BestX displays.
Eligibility Across your delegated lenders, view eligibility results for every program.
You can compare programs side by side, view the ineligible reasons, or price specific program.
Guidelines
From any BestX pricing display or the Lender Ranking display, you can view the adjusters or guidelines on any program.
Program guidelines display where your loan scenario fit within the guideline eligibility set. Visual indicators
show you the different maximum allowable limits, thresholds, and parameters.
Lock Desk UI
LoanDecisions incorporates smart technology that allows your secondary department to manage loan
registration and lock requests while providing important information and tools.
The Lock Desk UI (User Interface) includes features such as: loan confirmation, re-pricing ability,
secondary re-pricing, secondary tracking, and more.
The Lock Desk UI also provides information on each loan and the rules which created the requested rate and price,
access to NYLX's rate and guideline update interface, reporting and
pipeline display system, links and contacts for your lenders, access to export loans in groups to LoanBook, and up to the date market information.
Secondary
LoanDecisions Secondary is a component within the Lock Desk UI and designed to offer a simple secondary tracking system for those
mortgage lenders that do not have a robust secondary market system.
Secondary personnel can tracking the true delivery expiration, delivery type, loan commitment number, and the gain/loss on sale.
Loans which have been exported to LoanBook, can be automatically updated from the LoanBook interface.
Stips & Conditions
Originators can obtain automatic stipulations and conditions for any loan
scenario.
A highly user friendly interface allows you to set the Stips & Conditions to be applied to loan scenarios based on
data elements such as documentation type, product type, occupancy type, borrower type, and many more. Custom items can be added
with a click of the mouse.
Lender Ranking
From any of LoanDecisions' BestX displays, users can rank all of the lender's BestX price for that loan scenario.
Originators can compare the different lender's pricing and make the selection of their choice.
For each price LoanDecisions provides access to the adjusters which made up the final net adjusted price,
and the guidelines which were used in the eligibility of the loan.
Custom Pricing
Custom pricing for your own products, regional adjustments, or incentives can be easily added and can be applied across your business
channels and branches. Custom pricing can also include special rules for the eligibility of loan scenarios.
In addition, you can change the pricing margins on product categories, set user commission levels, price rounding, change lock day settings by investor, create custom SRP and Matrices, and much more.
Private Branding
LoanDecisions can be customized to any specific brand to maintain your corporate identity. Branded login pages, custom "please wait" screens, different logos by branch and options help keep your brand
apparent to your originators.
Branch Management
The LoanDecision branch hiercy provides management with control over many branch level settings such as: user groups, pricing margins, investor
assignment, exclude specific investor programs, and much more.
Having multiple branches provides flexibility and control for product reporting and usability.
Loan Comparison
Analyzing different loan products from any BestX display helps
originators learn and obtain information about each loan result. LoanDecisions compares payment and interest attributes, while comparing a complete
amortization across the full term of each loan. You can compare up to six loans at one time.
Loan Certificate
Wholesale and Retail environments display a loan certificate which is complete summary of the borrower and loan data,
details of the program and pricing attributes, and the stips and conditions which apply to the loan.
Custom Settings
LoanDecisions handles your retail, wholesale, and consumer business channels all in one account.
Flexible options such as selecting which prepayment penalties and property types are available for your
organization,
configuring the look and feel of your pre-approval letter and GFE variables, setting the hours of your lock desk,
configuring password rule options, are just a few of the features that allow you to easily configure LoanDecisions
around your business model.
Integrations
LoanDecisions can be your point of origination and send loan data over to your LOS (Loan Origination System) or
database of record.
LoanDecisions will return the loan and pricing information back to the LOS or database of record following a pricing selection
or a loan registration/lock request.
LoanDecisions also has a set of standard integrations with some of the most popular mortgage industry LOS and CRM systems.
Pipeline Reporting
LoanDecisions gives originators a simple and easy to use interface which shows each loan in their pipeline,
the last time it was priced, commission, additional data points, and the current loan status.
If the user is a branch manager, AE or corporate manager, their
down line or network of accounts can also be viewed.
Loan Status
LoanDecision provides a loan status page that displays processing milestones as they are completed.
If you manage your account in any of NYLX's integration partner's systems or have a custom integration,
LoanDecisions can bring back loan status, processing comments, and stips & conditions automatically
to update this page.
AE Auto Email
In the wholesale environment it is important as an AE (Account Executive) to make sure you are tracking and managing the business from your accounts.
NYLX provides automatic email notifications to AE's at different points of the loan origination and pricing process.
Mass Email Tools
Communication across your user base and business channels is important. LoanDecisions provides an easy to edit online interface for composing and delivering your email communications.
Account Management
Customize how LoanDecisions is used, manage users and branches, manage your system and pricing settings, and obtain reporting from our powerful account management interface.
Rate Sheet Generator
LoanDecisions Rate Sheet Generator provides for the production of daily rate sheets to your
distribution channel. Unique to LoanDecisions, the Rate
Sheet Generator incorporates NYLX's BestX technology and many customizable pricing and export options which help you maximize your opportunity
and provide the most competitive pricing.
LoanDecisions provides solutions for all channels, ranging from retail and
net branch operations to wholesale lenders and call centers.
Retail/Net Branch Channel
Provide your customers with
fast, accurate decisions. LoanDecisions' automated decisioning enables retail lenders
and net branches to provide immediate, true and accurate pricing to
their clients.
Consumers expect immediate answers, and originators who can't supply instant answers to their
clients often lose deals to those who can. Rather than
to rely on estimates, originators who use LoanDecisions can
offer definitive answers based on real information. As a
result, they can engage in business with confidence that's
backed by true market pricing.
Wholesale/TPO Channel
Attract and service more brokers by offering fast and easy access to the eligibility,
product and pricing information they need.
LoanDecisions provides wholesale lenders and third party originators with effective ways to
improve broker/correspondent relationships and increase loan
volumes. With LoanDecisions, wholesale and TPO users can provide fast and accurate information on eligibility,
product and pricing along with an automated loan submission and lock process to their broker and correspondent distribution
channels.
Many small and middle tier wholesale lenders don't have the staffing or budget to develop and maintain their own Web-based
broker portals. As a result, they are unable to solicit or
satisfy the needs
of sophisticated brokers who demand instant product qualification and pricing.
With LoanDecisions, wholesale lenders can:
Provide brokers automated eligibility and pricing of products
Adapt to market conditions in real-time
Increase loan volumes by improving response time to brokers
Eliminate broker product pricing errors
LoanDecisions provides users with a low cost communication, loan
submission, and marketing tool with the benefit of a Virtual
Account Executive available 24/7.
Call Center
Operations
Give customers instant answers and improve customer
satisfaction and conversion rates.
Call center operations provide a major point of
contact with customers. Rapid response
and customized lending solutions increase conversion rates,
customer satisfaction, referrals and profits. Callers want
answers. With LoanDecisions, call centers have access up-to the-minute
information to give those answers, instantly and accurately.
Using LoanDecisions on
the "front lines" of your organization offers
customers a satisfying shopping experience and
streamlines your operations. Employees become more
efficient and productive, resulting in reduced costs
and higher profits.
Referral Sources
Gain market share, increase originations and build a
distribution network of Realtors and professional
advisors by legally creating affiliations with
referral sources.
LoanDecisions allows mortgage originators to capture
more opportunity from referral relationships and
insulate themselves from competitors.
Todays consumers want value-added services that fit
their individual needs from the companies and people
with whom they do business. Addressing the needs of
consumers is a big challenge. To meet that
challenge, many business transaction advisors,
including financial planners, insurance agents,
accountants, Realtors and attorneys are either
already providing or looking to provide mortgage
origination services to their clients. They believe
they are best suited to advise their clients and
protect the client's best interests.
LoanDecisions' flexible architecture enables these
advisors to legally participate in the mortgage
transaction commission while providing mortgage
originators with a system to monitor and manage
their activities. It's a win-win situation
that rewards both parties.
With LoanDecisions, originators can offer referral
sources the ability to:
Expand their menu of financial services
Increase revenue from a lucrative source of
commission-based income that is compliant with
federal regulations
Give referral sources the opportunity to allow
their clients to offer one stop convenience in the
context of an established, trusted relationship
Click here to see the Federal
Regulation that allows a mortgage originator to
legally compensate referral originators.
