LoanNEX Named 2023 Innovations Award Winner

St. Louis, Missouri – February 22, 2023 – Prominent mortgage executives gathered digitally to see who the Executive Team of PROGRESS in Lending named the top industry innovations of the past year at the 13th Annual Innovations Awards Event. This honor is the Gold Seal when it comes to recognizing true industry innovation. All applications were scored on a weighted scale. We looked for the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enables industry participants to achieve.

The Executive Team of PROGRESS in Lending is proud to give LoanNEX our Innovations Award this year. LoanNEX connects a network of 6,000 originators with qualified Non-QM, Prime Jumbo, and Agency products. With a combined 31 Correspondent and Wholesale lenders on platform, LoanNEX prices just under 19k loan scenarios a month. Those loan scenarios account for $10.5 Billion in Non-QM loan volume priced. LoanNEX Broker Marketplace is a robust eligibility, pricing, and decisioning engine with direct access to Lenders. Brokers can easily view previously searched loans, saved loans, and active loan scenarios. They can then share loan scenarios directly with assigned AEs to get the information need. Gone are the days of back-and-forth emails, notifications, PDFs, prospective loans, trailing documents, and questions are sent directly to Lenders, AEs, and scenario desks.

Click the link to learn more and see all the Innovation Award Winners: The 2023 Innovations Award Winners Are … – PROGRESS in Lending (