MeridianLink Reports Significant Growth
Leading Loan Origination and Account Opening Platform Adds Record Number of New Clients in First Six Months of Year
MeridianLink is pleased to report strong growth during the first six months of 2015 with 60 new clients deploying the company’s multi-channel platform, which includes Xpress Accounts™, an account opening system, and LoansPQ™, a loan origination program. These 60 financial institutions are located throughout the United States and include: American Eagle Financial Credit Union in East Hartford, CT; Langley Federal Credit Union in Newport News, VA; Credit Union One in Ferndale, MI; North Island Credit Union in San Diego, CA; and USE Credit Union in San Diego, CA.
With the addition of 116 new clients in 2014 and steady growth over the prior three years, MeridianLink now touts an even more impressive lineup of banks and credit unions. This lineup includes financial institutions of all sizes including a significant portion of the top 100 credit unions. “We continue to add clients at a rapid pace while managing the additional volume and capacity demands,” says Tim Nguyen, chief technology officer for MeridianLink.
An important factor in MeridianLink’s success is its emphasis on continual development. “We’re constantly looking for ways to enhance our platform,” explains Nguyen. “We’re always innovating–exploring and improving our platform to help our clients succeed and seeking new ways to leverage the mobile marketplace on behalf of our clients. Right now, we’re making significant updates to our platform in anticipation of the RESPA-TILA Integrated Mortgage Disclosures Rule.”
In addition, MeridianLink offers seamless integrations with over 200 third-party vendors, more than any other multi-channel platform. “We’re continually developing integrations with new vendor partners,” says Doug Glagola, vice president of business development at MeridianLink.
Some of the newer vendor partners MeridianLink is working with include providers that focus on lead generation and financial literacy tools. These include SavvyMoney (www.savvymoney.com), Rate Reset (www.ratereset.com), and Shastic (www.shastic.com). Each of these vendor partners offers tools via mobile apps and online or social media channels that can integrate with the MeridianLink platform. “We are always looking for new channel opportunities and services to provide to our clients, so they in turn can offer more flexibility and options to consumers and increase retention rates as well,” adds Glagola.
By offering a comprehensive, highly efficient and flexible platform, rather than individual features, MeridianLink is focused on providing an end-to-end solution that delivers ongoing value. “Our solution is designed to generate applications and loans for our clients that impact the bottom line,” explains Nguyen. “As a company, we’re focused on today and tomorrow. We want to be sure our platform grows along with our clients.”
At the same time, MeridianLink is proud of its maturity and the stability of its infrastructure. “We have come a long way since our beginning in 1998,” adds Nguyen. “It’s truly been exciting to watch the growth and also very rewarding to see how we’ve contributed to transforming the industry. Our platform has helped our clients streamline processes, lower costs and ultimately reduce their bottom lines. In turn, these financial institutions have been able to offer consumers lower rates and better –and in some cases free –services.”
Over the last decade, MeridianLink has stood on the cutting edge of innovation in web-based software solutions for the financial industry. Important MeridianLink “firsts” include the development of the first web-based credit reporting system; the first web-based loan origination software (LoansPQ™) for all types of consumer loans; the first new account opening solution (Xpress Accounts™), which could be used throughout a financial institution–in-branch, online and via call centers; and the first end-to-end platform to automate and connect multiple financial services, from new accounts and deposits through loan processing, within one convenient platform.
MeridianLink, Inc., developer of the industry’s first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for 20,000+ financial service organizations. The company’s passion for excellence is reflected in their web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, California, MeridianLink is committed to creating smart solutions that deliver real value. For more information, visit www.meridianlink.com.
# # #
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.