National Loan Exchange, Inc. (“NLEX”) is a leading broker of charged-off and nonperforming asset portfolios, and has been an important pioneer in the debt sale industry. Beginning in the 1980’s, NLEX’s parent company created an open market for distressed assets for the Resolution Trust Corporation. Assets included real estate, consumer, student and automobile loans, credit card accounts and equipment lease portfolios.
In 1993, NLEX began representing portfolios on behalf of financial institutions to offer new product to its buyers, and to offer an exchange in which lenders could create liquidity for their charged-off assets. NLEX launched nlex.com in 2000 as an electronic auction platform.
Since that time, we have performed monthly sales for banks, insurance companies, the U.S. government, and other debt holders throughout the United States and Canada, selling over $150 billion face value of performing, nonperforming and charged-off assets. No other debt broker has the extensive and successful experience to offer both buyers and sellers.
In addition to sale services, NLEX, through its affiliate Solutions Management Group International, LLC (“SMGI”), also helps clients optimize portfolio presale performance by utilizing our network of the world’s best service providers. NLEX maintains its corporate headquarters in Edwardsville, Illinois, and has offices in Parker, Colorado and Glen Allen, Virginia.
In 2014, Heritage Global Inc acquired NLEX.