NLEX Achieves SOC2, Considers RMAI Broker Certification

ST. LOUIS, Mo. -- National Loan Exchange, Inc. (“NLEX”), a leading loan sale advisor, announced multiple developments demonstrating the firm’s commitment to best in class services and maintaining their position at the forefront of compliance within the loan sales marketplace. 

“To ensure our data security and operational controls go beyond industry standards, I.S. Partners [the third-party audit firm] conducted the SOC2 Type I based on both the confidentiality and privacy trust service principles, and found our controls meet the thresholds with no findings” said Tom Ludwig, NLEX’s General Counsel and Executive Vice President. “Completing the audit is a testament to NLEX’s commitment to security, compliance and operational excellence. Our clients rely on NLEX to maintain strict security controls so they can pass that peace of mind on to their own customers.”

NLEX also announced its decision to consider the Receivables Management Association International’s (RMAI) broker certification. NLEX provided RMAI with comments leveraging their 25 years to update the certification program to allow for brokers with high profile clientele such as NLEX to consider the program while continuing to promote the RMAI mission of transactional best practices.  Ludwig continued, “we commend the RMAI on their efforts to implement standards that enhance consumer protections through rigorous and uniform industry best practice standards, not just with respect to the broker certificate, but the certification program in general.