Press Release (ePRNews.com) - WEST DES MOINES, Iowa - Nov 06, 2018 - LenderClose today announced it has integrated with MeridianLink’s LoansPQ loan origination platform. Enabled as an optional feature for LoansPQ users, the LenderClose platform provides API connections to every vendor it takes to approve, underwrite and close a mortgage or HELOC loan.
Through LenderClose, lenders access a suite of reports and services – from flood certification and valuation products to title reports and e-recording services. The result is a streamlined and vastly accelerated underwriting process, an increasingly essential capability for all community lenders. With one vendor, one integration and one invoice, lending teams realize multiple points of efficiency.
Integration Means Fewer Steps, Fewer Mistakes, No Duplication
Today, community lenders are working with more vendors and fintechs than ever before to meet increased consumer demand for speed and personalization. That’s why it’s so important for lenders to have access to vendor aggregators like LenderClose. Unless that information is integrated seamlessly with the systems they already use, it’s incredibly difficult to provide the instant, accurate and reliable experiences members expect. LenderClose’s technical expertise and community lending market connections make them an ideal partner for our growing ecosystem of lending solutions.
The LenderClose / LoansPQ integration means loan officers and processors will have less data-entry tasks and fewer platforms to manage. Forms and other documentation that comes through the LenderClose platform will be automatically uploaded to LoansPQ, saving staff upload and download time. In addition, loan officers will have access to real-time data and reports across both platforms and a digital archive of forms for quick retrieval from anywhere.
Andrea Remington, loan processing manager for Collins Community Credit Union in Iowa, anticipates the integration will have a dramatic impact on her team’s efficiency. “The ability to access LenderClose through our MeridianLink interface will free up an incredible amount of time for our staff,” she said. “Just the ability to use data that’s been pre-loaded by the originator will save us so much from both a time and errors standpoint. Every organization, especially in financial services, is looking for ways to keep staff engaged. When we find ways to make their lives easier, we have more time to spend on making the experience for the member easier.”
“One of the most exciting aspects of this integration is that our clients asked for it, and we were able to deliver, thanks in no small part to the big thinkers at MeridianLink,” said Omar Jordan, CEO of LenderClose. “Everyone we’ve worked with at MeridianLink – from the C-suite to the developer team – sees very clearly where the market is headed and what our mutual clients need to be successful.”
“Borrowers today enjoy a great and growing number of options for lending,” continued Jordan. “As competitors shout ‘no paperwork,’ ‘approval in minutes’ and ‘turn-around is less than two weeks,’ consumers hear it, and they expect local lenders to play ball. MeridianLink and LenderClose are helping the nation’s community lenders make the changes they need to do exactly that.”
About LenderClose, Inc.
LenderClose is a powerful platform that digitizes the underwriting process and speeds up the lending cycle. The web-based hub gives loan officers instant access to the latest real estate lending technology, products, and solutions so they can become dominant lenders in their local markets. To learn more, follow LenderClose on LinkedIn or at lenderclose.com.
About MeridianLink, Inc.
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 financial service organizations. The company’s passion for excellence is reflected in its web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as cutting-edge, reliable and affordable. Based in Costa Mesa, Calif., MeridianLink is committed to creating smart solutions that deliver real value. For more information, visit meridianlink.com. Source :