Enhancing your mortgage process 1-877-901-4997

a system for mortgage lenders

Decreases Risk of Fraud
Increases Funding Ratios
Provides Quality Deals

NEXSYS is a preferred online service provider for Mortgage Brokerage Lenders, offering verification of all documents and income together with value added customer service support.

Our Client Logos

An intuitive interface

  • Applications List
    Applications List
  • Applications Summary
    Applicant Summary
  • Documents List
    Documents List
  • Document Details
    Document Details
Request Info

Offerings

Thumbs up employees

Brokerage/Agent

Verification & Registration

This preliminary review determines if a registrant meets a Lender’s basic guidelines. The process includes:

  • Checks of Provincial Regulatory Bodies
  • Key strategic alliance with Equifax utilizing products such as E-IDverifier
  • Registration of Brokerage, Brokerage Owners, Principal Broker, and Agents
  • Increased scrutiny (AML Compliance)
Pen Approving Papers

Underwriter

Deal Screening

This preliminary review determines if an application meets a Lender’s basic guidelines. The process includes:

  • Receipt of application
  • Creation of unique customer file
  • Review for critical missing information
  • Income review
  • Credit bureau review
  • Application assessment
Person signing a paper

Underwriter Review

This comprehensive review of the deal, including confirmation of income, includes:

  • Underwriter reviews all documents and confirms data.
  • Underwriter reviews employment letter and phones employer or relevant parties to confirm the authenticity of income.
Verification Process

Income Verification

An Underwriter confirms stated income by carefully reviewing the following:

  • T1 General
  • Letter of Employment
  • Call to Employer or Accountant
  • Notice of Assessment
  • Pay Stub
  • Business License
  • Articles of Incorporation
  • Financial Statements
  • Bank Statements
  • Pension Statements
  • Investments
  • Stated Income Declaration
Person signing a paper

Mortgage Aggregator Services

NEXSYS Financial Inc. provides key services to Aggregators of Canadian Mortgages. With NEXSYS' significant experience with underwriting mortgages and verifying all associated documents, NEXSYS provides key 3rd party services:

  • Re-underwriting of individual (i.e. high risk deals) or entire portfolios.
  • Statistically significant sampling of Lenders'mortgage portfolios to determine suitable fit with Aggregator's guidelines.

Lender Benefits

Lenders receive quality deals. Enjoy increased funding ratios and the benefit of receiving verified applications, thereby reducing the risk of fraud.

The NEXSYS process is lender supported and dedicated solely to the certification and validation of mortgage applications submitted to lenders.

NEXSYS OFFERS LENDERS EXCEPTIONAL OPTIONS AND BENEFITS:

  • Quality deals submitted
  • Brokerage and Agent verification
  • Verification of all documentation
  • Increased funding ratios
  • Decreased fraud
  • Payment calculations
  • Payment collection
  • Escrow services
  • Foreclosure services

Frequently asked Questions

Does NEXSYS Financial fund or sell mortgages?
NEXSYS does not sell mortgages. We simply assist Agents and represent a mortgage application to a Lender on behalf of the originating Agent until the deal is funded. After funding, deals are co-brokered back to Agents through Filogix, as these deals belong to the originating Agent.
Who is currently using the NEXSYS Advantage?
Some of the Lenders currently working with NEXSYS include: Concentra Financial, Equitable Trust First National Financial, MCAP Financial, Industrial Alliance and XCEED Mortgage.
What are the costs associated in becoming a preferred lender with NEXSYS Financial?
Email sales@nexsysfinancial.com to request a quotation.
What results have other lenders seen implementing the NEXSYS Advantage?
Lenders have seen unprecedented efficiencies through NEXSYS Advantage. They’ve been able to effectively reduce wasted time with Agents and instead receive real deals with real income confirmation and unparalleled funding ratios. The end result is clean, efficient, profitable business.
Request Info Contact Us