The N-Abler Application Exchange is that critical part of the platform that drives more business to its users. It acts as a tool for financial institutions, brokerages and other originations sources to submit and receive various types of loans, leases or mortgages each tied to one of NorthBrook’s lender programs.
Not every user does everything. With its multiple loan offerings and its range of funding partners, the Exchange brings its users a wider range of loan products and funding alternatives to capture and hold borrowers who may otherwise look elsewhere to satisfy their different borrowing requirements.
The Exchange acts as a communication tool that bridges between the originator and funding source. The Exchange saves the user time and money by reducing the resources they had previously had to apply to a transaction.
The Exchange also generates loan level independent risk gradings that acts as a common language across all users, loan types and resulting portfolios. That common view significantly enhances the efficiencies of the exchanges between users providing a pre-established independent indicator of where an application falls along the risk scale from the point the application is first entered.
For each transaction assigned to the platform the Exchange pulls together metrics ranging from geographic identification, to risk measures, to volume allocations to place transactions with the right funders. For both the originators and funders it means spending less time on the wrong applications and more time getting the right deals done.
Our technology solutions come from our first asset, our deep understanding of lending. We pride ourselves in our ability to bring innovative industry solutions to our applications. We can bring that experience and insight to assist with your lending programs.