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EXPERT INSIGHT. TRUSTED PERSPECTIVE. FORWARD THINKING.

2019 Demo Days: Your Front-Row Seat to Our Solutions

Records are made to be broken, and we are seeing a lot of MeridianLink’s previous records being broken left and right. Since the User Forum held earlier this month that shattered the prior attendance record with more than 700 people joining us to learn more about how we can connect them to better, interest in our products and services has also never been higher.
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Top 4 Pitfalls of Loan Software Configuration

Ever feel like your institution isn’t fully utilizing its loan software solution?  Don’t worry, you’re certainly not alone. Regardless of the scope of your direct or indirect lending footprint, institutions routinely turn to teams of business consulting experts to maximize efficiency and uncover new growth opportunities. Loan software configuration is never as simple as a plug-and-play situation you see with setting up a new television or stereo. Your system’s configuration is as much an evolving process as the landscape of the lending industry or the economy in general. To help you properly monitor your current solution or proceed with the configuration of a new platform, here are four very common mistakes to avoid when configuring your loan software solution for peak efficiency and optimal performance:
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Credit Decisioning’s Three Lines of Defense for Risk Management

For all of the football fans who subscribe to our blog, Sunday's big game will have your full attention. Even if you're not a football fan, the odds are pretty likely that you'll check it in some form or fashion to see the commercials or whoever performs at halftime. In last year's game, one team took a calculated risk by running a trick play that ultimately led it to victory (Philly special). Success on the football field, much like the real world, involves limiting risk while also at times using it to an advantage. Risk can come from anywhere. It can change at any moment and often be difficult to predict. For many financial institutions these days, risk management and control are split across multiple departments within an organization. Because these departments need structure, as well as checks and balances to properly management risk, the most successful institutions use a risk management strategy/model based on three lines of defense. This approach is an effective way to assign duties and coordinate various teams involved in the risk management and control process.
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A Closer Look at CECL Compliance and What's to Come

The 2008 financial crisis brought more attention to one crucial aspect of the financial system, which was the delay in the recognition of losses by financial institutions. At the peak of the crisis and under stressed conditions, it became clear that the methodologies and procedures in place at that time (and still in place today within some financial institutions) to estimate reserves resulted in inaccurate, underestimated and untimely allowances for losses.
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