Name: MeridianLink Consumer
Rating: 10 (2 reviews)
Author: MeridianLink

Help Desk

Web and Video Conferencing

Customer Support

Augmented Reality Development

Development

Alumni Management

School Management

Education

Association Management

Business Intelligence (BI)

Collaboration

Enterprise Resource Planning (ERP)

Environmental, Social, and Governance (ESG)

Facility Management

Meeting Management

Unified Communications as a Service (UCaaS)

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Onboarding

HR Management

On-Demand Payment

Payroll

Talent Intelligence

Talent Management

Vendor Management Systems (VMS)

Workforce Analytics

Workforce Management

Human Resources

Asset Tokenization

Cloud Storage

Continuous Delivery

Data Center Backup

Data Governance

Fraud Detection

Graph Database

Infrastructure-as-a-Service

Integration Platform as a Service (iPaaS)

Managed Print

Master Data Management (MDM)

Message Oriented Middleware

Metadata Management

Network Function Virtualization (NFV)

Network Performance Monitoring

Network Traffic Analysis (NTA)

Robotic Process Automation (RPA)

SQL Server Performance Monitoring

Security Validation

Software-Defined WAN

Virtual Private Network (VPN)

Web Scraping

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Blogging

Content Management

Contest Management

Customer Loyalty Program

Email Marketing

Location Intelligence

Marketing Automation

Marketing Resource Management

Social Media Management

Survey & Forms Building

Video Streaming

Web Analytics

Marketing

Job Site Management

Project Management

Transcription

Waste Management

Professional Services

Customer Communication Management

Customer Relationship Management (CRM)

Sales

Automotive

Car Rental

Clinical Data Management

Equation Editors

Healthcare Learning Management

Vertical-Specific

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MeridianLink Consumer addresses a variety of business problems, providing user-friendly solutions that streamline loan and account management processes. Users can open accounts and apply for loans anytime and anywhere, leading to increased loan and account growth. The software's convenience and ease of use are highly praised by users, who rely on it for all their business loans. Integration with vendors simplifies the loan origination process for loan originators and member service representatives, saving staff time and reducing errors.

The software's custom coding and mapping capabilities allow businesses to have control over their operations, resulting in successful operations. It operates efficiently across multiple job families, improving the customer experience and making the finance process more efficient overall. Automation and integration features further enhance efficiency by saving staff time and minimizing errors throughout the loan process.

Users appreciate the software's preapproval solutions and 24x7 support, meeting their expectations as an industry leader. The knowledgeable support team provides a great experience to users, offering assistance when needed. Additionally, the software offers a customizable experience through its user-friendly workflow on Xpress Account, valuable for tracking and mapping.

The relationship with the provider is considered valuable by users, ensuring they get the most out of the product. Moreover, the software provides an efficient and customizable experience across all channels for both staff and members. With a dedicated PSM guiding them, users appreciate that the system continuously evolves to market trends and needs.

Overall, MeridianLink Consumer fulfills its intended purpose according to users. It helps users fill out complete applications quickly while avoiding missing any required portions. By integrating loan origination, core processing, and internal banking software, this solution simplifies processes for businesses in various industries. While some users suggest that more open sourcing would enhance the software's capabilities, it remains a reliable tool for managing loans and accounts effectively.

Easy Integration: Users have found MeridianLink Consumer easy to integrate with other software programs, reducing the time needed to process and fund a loan. Several reviewers have mentioned that they were able to seamlessly connect the software with their existing systems, resulting in a more efficient loan processing workflow.

Customization Options: The ability to customize the software to meet organizational needs has been highly appreciated by users. Many reviewers have mentioned that this feature allows them to tailor the software according to their specific requirements, providing a personalized experience and enhancing overall efficiency.

Responsive Customer Support: The customer support team of MeridianLink Consumer has received positive feedback from users for being highly responsive and helpful. Multiple reviewers have commended the team's prompt assistance in resolving issues or answering queries, contributing to a positive user experience.

Inconvenient Changes Without Support: Some users have mentioned that making certain changes in MeridianLink Consumer requires support, which can be inconvenient. 

Limited Customization Options: Several reviewers have expressed difficulty in finding customization options within the software. However, they appreciate the helpfulness of the knowledge base and responsive customer support team.

Challenges with Integration and Flexibility: Users have reported limitations with AVM integrations, such as not having access to Equifax Mortgage Solutions for a tri-merge credit pull. Additionally, some users desire more flexibility to add custom fields and make changes without assistance from support.

MeridianLink Consumer, formerly known as LoansPQ®, is a loan origination system, providing a full loan product suite to banks and credit unions. As a single loan origination system, MeridianLink Consumer consolidates and streamlines applications from all channels, applying the same rules and processes to ensure a streamlined process for bank and credit union staff and a world-class consumer experience for members and customers.

MeridianLink Consumer

Loan Servicing Software automates the loan lifecycle from origination, credit decisioning, payment processing and collections, to accounting and reporting.

Loan Servicing

MeridianLink® (NYSE: MLNK) is a leading provider of cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers and consumer reporting agencies. Headquartered in Costa Mesa, California, MeridianLink provides services to more than 1,900 customers, including a majority of the financial institutions on Forbes’ 2021 lists of America’s Best Credit Unions and Banks. Further information can be found at <a rel="noopener noreferrer" target="_blank" href="https://www.meridianlink.com/">www.meridianlink.com</a>.

Loan Workflow

Tools used by loan origination and servicing and servicing agents to streamline their workflows.

Loan Document Management

This feature allows users to store, manage, and track all loan-related documents, ensuring compliance and efficient processing.

Loan Workflow Automation

This feature helps to automate various stages of the loan process, improving efficiency and reducing manual errors.

Loan Software Integrations

This feature allows lenders to access credit reports and scores from major credit bureaus, aiding in the credit assessment process, and integrate with CRM tools and third-party databases to manage borrower relationships.

Loan Reporting and Analytics

Allows users to generate various reports and analyze data related to loan origination and servicing, helping to make informed decisions.

Financial Reporting and Compliance

Financial statements and regulatory filings

Management Reporting

Tools facilitating creation of internal ad hoc or standard reports.

XBRL support for regulatory filing

Support for the XBRL standard reporting format for exchanging financial data.

Excel-based Reporting

Ad hoc or formatted reports using MS Excel.

Data Security

Tools and features that help keep data secure from unauthorized access or internal exposure.

At-Rest Data Encryption

Data at rest is encrypted, requiring decryption to read the underlying data.

In-Transit Data Encryption

Data is transmitted in an encrypted state, preventing interception of raw in-flight data.

In-Use Data Encryption

Data remains encrypted even when stored in non-persistent storage (RAM, CPU caches, and CPU registers). This prevents access to data through malware on an individual device.

Data Redaction

The product's capability to return redacted data in place of actual data when queried. For instance, a redacted query for the phone number 555-5555 could return ***-**55.

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Loan Servicing Software

MeridianLink Consumer

Overview

What is MeridianLink Consumer?