slider-bg

BLOG:

EXPERT INSIGHT. TRUSTED PERSPECTIVE. FORWARD THINKING.

Loan Software Support: How to Distinguish Extraordinary from Run-of-the-Mill

Everyone has a story about horrible service at a restaurant. Some are funnier or more extreme than others, but people who tell those stories often come to the same conclusion – they wouldn’t be caught dead setting foot in there again. What’s odd in a way is that no matter how good or critically acclaimed the food may be, terrible service ruins the entire experience.  In a similar light, loan software support from a provider can be just as crucial to your lending programs’ success as functionality and other bells and whistles. Platforms constantly evolve, especially in today’s lending market. So institutions need providers to stand behind solutions and commit to a true partnership.
Read More

How Does the Digital Lending Experience You Provide Stack Up? Three Tips to Consider

It’s been a few weeks since we’ve focused on digital lending best practices, but it continues to be such a hot topic these days. Here’s a link to where we left off in case you wanted to check it out. Moving forward, here are three more key considerations every financial institution’s loan origination system must incorporate to maximize success in the digital segment:
Read More

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.
Read More

Don’t Forget These Indirect Lending Best Practices When Evaluating Loan Origination Systems

If you ask any financial institution that’s recently enjoyed success with its indirect lending program, chances are that success will in some way be attributed to the relationships built within that institution’s dealer network. Those relationships involve several key factors – far beyond showing up once a month with donuts and slightly lower rates.
Read More

3 More Loan Software Compliance Best Practices That Every FI Should Consider

My car isn’t really that old, but it’s old enough to where I held my breath last month when I took it in for an emissions check so I could renew my registration. Luckily, it passed, and I didn’t have to visit my mechanic for needed repairs – unlike a friend of mine. She’s looking at a pretty hefty price tag before her car meets regulatory standards and her registration can be renewed.  Whether it’s your car or something much more serious like your financial institution’s loan software, finding the best solution to help meet regulatory standards as well as a trust-worthy provider can sometimes be harder than expected.
Read More

Recapping the New Brand Identity for MeridianLink: Connecting You To Better

We would like to thank everyone who joined us last week in Huntington Beach for the MeridianLink 2019 User Forum. Besides the record attendance and all of the buzz surrounding all of the latest developments regarding our products and services, we picked the Forum as the perfect place to unveil our new logo and branding.
Read More

Does Your Loan Origination System Adhere to These Digital Lending Best Practices?

Digital lending best practices continue to be a major focal point for many financial institutions as they strive to optimize the mobile user experience for their customers and members. As we’ve previously discussed, this often goes beyond the functionality of the loan origination system, itself, but that doesn’t diminish the fact that there are several key factors every institution must consider when evaluating whether its loan software can help it meet its goals.  This week’s blog post features three more of the most important best practices every financial institution needs to consider when evaluating digital lending technology and processes:
Read More

Crucial Compliance Best Practices to Consider When Evaluating Loan Origination Systems

While digital lending, robust decisioning and cross-sell functionality are all atop most financial institutions’ list of priorities when evaluating loan origination systems that could properly fit with their goals, processes and strategies, regulatory compliance still finds its way into the mix – and rightfully so.  As regulatory pressures continue to mount, financial institutions need technology they can count on to help them meet compliance requirements and efficiently handle regulatory audits. Regardless of the system you choose in the end, here are three best practices your solution should satisfy that will ease the burden of regulatory compliance:
Read More

Top 5 Indirect Lending Mistakes to Avoid

Spring cleaning, most people don't enjoy it (unless you’re obsessive compulsive – not that there’s anything wrong with that), but it’s hard to not enjoy the benefits. Reduced clutter, more opportunity to utilize that free space and a tidier living area – these are the end goals.  Now is also the time to do some spring cleaning or evaluations regarding the efficiency and performance of your indirect lending program. Below, we have provided the five most common mistakes lenders make when operating their indirect lending programs:
Read More

How to Find the Right Loan Origination System to Meet Your Indirect Lending Goals

Any financial institution that invests in its indirect lending program understands how difficult it can be to separate itself from the competition. Besides offering the best rates or dealer incentives, the most successful lenders are often the ones that provide the best service. This often means delivering fast and accurate decisions while dealers are trying to close a sale. That’s why it’s important for financial institutions to rely on loan software technology that pushes them forward rather than holding them back.  Here are a few best practices to consider when evaluating if a loan origination system is the right fit for your financial institution's goals and strategies:
Read More