Leading Broker Announces Industry Milestone

St Louis, MO: National Loan Exchange, Inc. (“NLEX™”), a leading broker of distressed financial assets, announces an industry milestone.  The first quarter of this year marked the twenty year anniversary for NLEX’s founder and CEO, David Ludwig, facilitation one of the very first public offerings of charged off credit card receivables for a major lender.  Two decades later, the business continues to expand.

“Although pricing is at dramatically lower levels as compared to prior years, we continue to see growth in our core product offerings,” comments Aaron Hadam, NLEX’s Executive Vice President. “Our investments in infrastructure and personnel has solidified our positioning within the industry, and we continue to maintain a greater than 99% deal close rate.  We are currently exploring new asset classes and are examining key international markets, including Asia-Pacific and Latin America, for future expansion of our business,” Hadam notes. 

NLEX’s newest business, Solutions Management Group International, is experiencing rapid growth, a trend the company expects to see continue as issuers and investors alike cope with shifting recovery curves. 

National Loan Exchange, Inc. is an industry leader in brokered portfolio sales, with approximately 20 years experience and over $100 billion in executed transactions. NLEX markets performing and nonperforming loan portfolios through a variety of channels to registered buyers.  More information regarding NLEX can be found at www.nlex.com.

For additional information or employment opportunities, please contact Aaron Hadam at (800) 264.3683.

 

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