PR - National Loan Exchange Announces Record Year

 
National Loan Exchange, Inc., (NLEX) a leading broker of distressed assets, announces a record year for 2007. 

“In addition to volume growth of at least 50 percent in each asset class, National Loan Exchange was able to maintain a deal close rate of over 98%,” says Aaron Hadam, Senior Vice President. Hadam continues, “With over 100 years of collective financial services experience, our Senior Management team has a proven track record of performance in every business cycle.  NLEX continues to be well positioned to provide effective loan sale support in an increasingly volatile environment”. 

In response to the volume growth, NLEX opened offices in Richmond, Va. and Philadelphia in addition to their Edwardsville, Ill. and Carlsbad, Calif. offices. NLEX also created a new division, the State Buyer Exchange, to facilitate state buyers wishing to purchase debt in their respective state(s) directly from issuers.

National Loan Exchange, Inc. is an industry leader in brokered portfolio sales, with approximately 20 years experience and greater than $75 billion in executed transactions. NLEX markets performing and nonperforming loan portfolios through a variety of channels to a network of registered buyers.