National Loan Exchange, Inc. (Nlex)
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- National Loan Exchange, Inc. (NLEX) is a leading broker of charged-off and nonperforming asset portfolios, and has been an important pioneer in the debt sale industry.Beginning in the 1980's, NLEX's parent company created an open market for distressed assets for the Resolution Trust Corporation. Assets included real estate, consumer, student and automobile loans, credit card accounts and equipment lease portfolios.In 1993, NLEX began representing portfolios on behalf of financial institutions to offer new product to its buyers, and to offer an exchange in which lenders could create liquidity for their charged-off assets. NLEX launched nlex.com in 2000 as an electronic auction platform.Since that time, we have performed monthly sales for banks, insurance companies, the U.S. government, and other debt holders throughout the United States and Canada, selling over $100 billion face value of performing, nonperforming and charged-off assets. No other debt broker has the extensive and successful experience to offer both buyers and sellers.In addition to sale services, NLEX, through its affiliate Solutions Management Group International, LLC (SMGI), also helps clients optimize portfolio presale performance by utilizing our network of the worlds best service providers.In June 2014, NLEX was acquired by the Heritage Global team, a publicly traded company (OTCQB: GBL;CSE: HGP). NLEX founder and President, David Ludwig, retains the same leadership role and is highly engaged in the day to day operations of NLEX. Joining the Heritage Global team has provided NLEX with the resources to ensure all facets of the Sales Advisor role are conducted with industry leading compliance practices. With the backing of Heritage Global, NLEX is also able to offer its clients a truly unique and flexible suite of valueadded services.
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Headquarters: , Edwardsville, Illinois, United States
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Phone Number:
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Website: https://www.nlex.com
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Employees:16
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Revenue:$1 - 10M
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Legal Name:National Loan Exchange, Inc. (Nlex)
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National Loan Exchange, Inc. (Nlex)'s Social Media
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| NAICS Code: 523110 |
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Frequently Asked Questions regarding National Loan Exchange, Inc. (Nlex)
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What is National Loan Exchange, Inc. (Nlex)'s official website?
National Loan Exchange, Inc. (Nlex)'s official website is https://www.nlex.com
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What is National Loan Exchange, Inc. (Nlex)'s Revenue?
National Loan Exchange, Inc. (Nlex)'s revenue is $1 - 10M
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What is National Loan Exchange, Inc. (Nlex)'s NAICS code?
National Loan Exchange, Inc. (Nlex)'s NAICS code is 523110
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How many employees are working in National Loan Exchange, Inc. (Nlex)
National Loan Exchange, Inc. (Nlex) has 16 employees
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What is National Loan Exchange, Inc. (Nlex)'s Industry?
National Loan Exchange, Inc. (Nlex) is in the industry of Financial Services
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Who is National Loan Exchange, Inc. (Nlex)'s President?
National Loan Exchange, Inc. (Nlex)'s President is Dave Ludwig
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Who is National Loan Exchange, Inc. (Nlex)'s Vice President - Sales?
National Loan Exchange, Inc. (Nlex)'s Vice President - Sales is Patrick Yungck
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Who is National Loan Exchange, Inc. (Nlex)'s Senior Vice President?
National Loan Exchange, Inc. (Nlex)'s Senior Vice President is Van Millis