New MeridianLink Mortgage Access Point-of-Sale Solution Provides Lenders With a Seamless Digital Mortgage Application Experience
October 16 2023 - 4:05PM
Business Wire
Enhanced mortgage lending offering combines
OpenClose and MeridianLink capabilities to empower financial
institutions to deliver tailored digital experiences for their
consumers
MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern
software platforms for financial institutions and consumer
reporting agencies, today announced its new point-of-sale (POS)
solution for MeridianLink® Mortgage as part of the MeridianLink®
One platform. MeridianLink® Mortgage Access meets borrowers’
demands for a more frictionless digital lending and account opening
experience.
The highly configurable POS solution for mortgage origination
looks to assist financial institutions to slash their application
and approval times for consumers. Additionally, the product further
strengthens MeridianLink’s innovative SaaS-based mortgage loan
origination system by seeking to enhance the borrower’s experience
and significantly increase efficiencies.
“In today’s economy, borrowers expect to be engaged in their
financial experience, whether it’s checking their account balance,
transferring money, or originating a mortgage,” said JP Kelly, SVP
of Mortgage at MeridianLink. “Mortgage Access functions to make it
easy for borrowers to buy or refinance their loans, reduce the
friction in the mortgage experience, and decrease turnaround times.
In doing so, these efforts will create a smoother process for
consumers.”
The Mortgage Access launch comes at a time when American
consumers expect an increased level of support from their financial
institutions. A recent study conducted by MeridianLink discovered
that one third of Americans (31%) feel less confident in their
ability to afford a home compared to five years ago, and 41% of
respondents believed their financial institution did not provide
them with sufficient mortgage lending support.
The launch of Mortgage Access adds to MeridianLink Mortgage, the
Company’s mortgage loan origination system (LOS) with a natively
built product and pricing engine and automated underwriting. Other
features of the LOS include the capability for financial
institutions to customize user interfaces and automate workflows,
manage electronic document packages, and access hundreds of partner
integrations. The Mortgage Access product completes MeridianLink’s
mortgage lending platform, delivering an end-to-end digital
mortgage experience.
Mortgage Access is the latest offering in a series of
investments MeridianLink has made to further grow and improve its
product offerings related to mortgage lending. In late 2022,
MeridianLink acquired OpenClose™, an award-winning provider of
residential mortgage software, to offer omnichannel mortgage
solutions and leading POS capabilities that improve efficiency
while reducing costs and time to close. In March 2023, both
MeridianLink and OpenClose received a HousingWire Tech100 Mortgage
Award in recognition of their best-in-class mortgage lending
products.
Click here to learn more about MeridianLink Mortgage Access.
ABOUT MERIDIANLINK
MeridianLink® (NYSE: MLNK) powers digital lending and account
opening for financial institutions and provides data verification
solutions for consumer reporting agencies. MeridianLink’s scalable,
cloud-based platforms help customers build deeper relationships
with consumers through data-driven, personalized experiences across
the entire lending life cycle.
MeridianLink enables customers to accelerate revenue growth,
reduce risk, and exceed consumer expectations through seamless
digital experiences. Its partner marketplace supports hundreds of
integrations for tailored innovation. For more than 20 years,
MeridianLink has prioritized the democratization of lending for
consumers, businesses, and communities. Learn more at
www.meridianlink.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20231016419906/en/
Becky Frost (714) 784-5839 media@meridianlink.com
MeridianLink (NYSE:MLNK)
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