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.

In addition to the success of our SOC2 and multiple large creditor audits, we look forward to further discussion on the RMAI broker certificate to consider adding it to our list of compliance achievements.”

About NLEX

National Loan Exchange, Inc. (NLEX) is a leading loan sale advisor in the United States and Canada. Over the course of 25 years, NLEX has closed more than 5,000 sales representing over $150 Billion in transactions. Our leadership and sales teams have a combined history in excess of 150 years in the financial services industry. NLEX offerings include national, state, and regional portfolios on behalf of many of the world's top financial institutions.  NLEX is a wholly-owned subsidiary of Heritage Global, Inc., a value-driven, innovative leader in asset valuations and transactions.  Visit www.nlex.com and www.heritageglobalinc.com for more information.

About I.S. Partners

I.S. Partners, LLC is a CPA firm specializing in SOC, PCI-DSS and HITRUST examinations using a simplified audit solution model, offering guidance from start to finish to allow for optimum quality and client experience for organizations of every size and complexity. The unique technology-driven process offers a streamlined, client-focused suite of risk and compliance audit and assessment services to help businesses meet specific goals. Visit www.ispartnersllc.com for more information.