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IMX Exchange membership is available to licensed mortgage
brokers who uphold the highest professional standards.
Lock online and in real time.
IMX Exchange brings together mortgage brokers and lenders in an online trading community, and reduces the time and cost required for search, comparison, pricing, and locking of mortgage loan transactions. When you post loans on IMX Exchange, a large network of national, regional and local lenders return pricing directly on your loans. Review pricing side-by-side, and lock the rate with the click of a mouse - all in real time.
As an approved IMX Exchange broker member you:
- Gain instant access to all participating wholesale lenders with one broker approval package. IMX Exchange members are preapproved to do business
- Have access to virtually all loan products, including conforming, jumbo, niche, seconds, FHA/VA and subprime.
- Compare multiple lenders' program/price side-by-side on one screen.
- Receive program matches with fully adjusted pricing including a fully-adjusted rate table to review ALL rate/price/lock day combinations
- Lock rates and receive immediate lock confirmation online.
- Import loans from Point, Contour, Genesis, Byte, Encompass (using DU files) and ECLoanPro into IMX Exchange to reduce duplicate input
- Can get everyone in your office setup with an account (Managers, Processors and Loan Officers)
- Get wholesale pricing just as if you were working directly with the lenders
- Can run unlimited loan scenarios
View Lenders who participate in IMX Exchange..
Expertise
- Broker/Principal must have one year of mortgage industry
experience.
- Broker/Principal's work experience to reflect mortgage background with reputable references.
- Company must have a proven history with a minimum of three (or more) lenders.
Financial Stability
- Financial net worth of $25,000.(or state requirements)
- Demonstrated history of profitable
operations reflecting sound business development and demonstrating
the ability to be an ongoing concern.
- Principal's credit history reflects sound financial management
for prior two years.
- Broker company provides financials (P & L, Balance Sheet) on an annual basis or as required by lenders
- IMX reviews the credit history for all principals owning 10% or more and the broker of record
State Certified
- Laws and regulations governing mortgage broker's state licensing or registration requirements must be met.
- IMX verifies the licensing of the broker for each state including matching name, address and expiration
- IMX verifies company/ DBA status with state, if applicable
Reliability and Integrity
- Mandatory delivery of all loans locked with lenders.
- Broker will use best efforts to ensure locked loans are closed and funded as agreed.
- IMX reviews the MARI fraud database against the company name, principals and broker of record
Hardware and Software Requirements/Limitations:
- Operating System: Windows 9X / ME, Windows NT, Windows 2000, Windows XP
- Internet Connectivity: High Speed Internet Connection (Cable, DSL or LAN)
- Screen Resolution: 1024x768 (recommended) - 800x600 (minimum)
- Internet Browser: Internet Explorer 5.0 or higher
- Software: Basic familiarity with Windows and Internet Browser Use
Other Limitations:
- Terminal Services Environment: LOS interfaces (Byte, Point, and Contour) are not compatible with loan submission to IMX Exchange
- Operating System / Browser: IMX Exchange is not compatible with the Macintosh OS, Linux OS or Firefox browser
Try a ten day preview of IMX Exchange on us. You will be able to post quote only loans and view pricing from select lenders. Full membership will allow you to lock loans and take advantage of XpressMatch functionality for assistance in placing hard to place loans. You will have the opportunity during and after your trial period to apply for full membership with IMX Exchange®. Click the Trial Membership link to begin your trial.
Click Here To Apply For Trial Membership
To apply for membership, a $295.00 multi-lender application fee is assessed*.
This fee covers the cost of maintaining your approval status with IMX lender members, including mandatory background search,
credit and reference check, and licensing verification. Members are also required to update their profile
and submit a non-refundable $195.00 renewal fee on an annual basis to maintain membership.
* refund requests must be submitted to customerservice@imx.com within 30 days of membership denial notification but not later than 180 days of original payment date. Refunds are not allowed once a broker has been approved for membership. Effective 7/1/2004.
Save time and money! When you become an IMX member, you eliminate the
hassle and cost of managing multiple broker packages. As an IMX Exchange approved broker,
you gain instant access to our large pool of quality wholesale lenders with one broker
package approval.*
Click Here To Apply For Full Membership
*Some lenders may require an additional agreement.
If you have any further questions or would like to schedule an appointment with an IMX representative, please send an email to customerservice@imx.com. An IMX representative will contact you shortly after.
Click Here to View Answers to Common Questions Asked by Applying Members
Terms of Use
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