NLEX Introduces New Technology Platform for Post-Sale Account Management

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EDWARDSVILLE, IL, January 30, 2020 – National Loan Exchange, Inc. (NLEX) announced today that the firm has teamed up with DebtNext Software to offer an online post-sale management tool exclusively for NLEX clients. This new technology platform enhances NLEX’s post-sale servicing by providing clients with a secure, centralized online portal where they can access and oversee post-sale account activity at their fingertips.

“We’re excited about offering this new service as a value-add to our clients, especially to those sellers who have identified challenges or inefficiencies with post-sale account management,” said Tom Ludwig, NLEX’s General Counsel and Executive Vice President. “We are also thrilled to have this strategic partnership with DebtNext. They are one of the most experienced and trusted debt software companies in the industry, and they share our high standards for security and compliance.”

NLEX’s new online portal will bring added transparency to post-sale account data. Clients using the service can also opt-in to receive notifications when important post-sale activity occurs. Additionally, they will be able to quickly access accurate dashboard reports regarding sales, account recalls, repurchases, direct pays, and media requests. The portal also streamlines the post-sale process by allowing for secure and real-time transaction management, including media, direct pays, and put backs.

 “We’re grateful to hear that our beta-testing clients are finding value in the new servicing,” added Ludwig. “They’re saying that the quality of information is outstanding and the dashboards are excellent at providing quick insight into the status of transactions and accounts. They’ve also cited improved efficiencies as well, including put-back turnarounds and media processing.”

NLEX is formally launching the new service at the upcoming RMA Annual Conference in Las Vegas. For more information, www.nlex.com/postsale.

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 DebtNext Software

DebtNext Software has been delivering robust solutions for their clients’ recovery management needs since its founding in 2003. Their industry leading platform is currently used by some of the nation’s largest utility, telecommunications and financial services companies to help manage and optimize the placement of their accounts receivables with third party collection vendors. DebtNext Software is headquartered in Copley, Ohio. For more information, visit www.debtnext.com