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MeridianLink Consumer

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Last updated on

Company health

Employee growth
3% increase in the last year
Web traffic
1% decrease in the last quarter
Financing
May 2024 - $571M

Ratings

G2
3.9/5
(9)
Glassdoor
3.6/5
(147)

MeridianLink Consumer description

MeridianLink Consumer is a cloud-based loan origination system designed for financial institutions in the USA. It helps banks and credit unions manage the entire loan process, from online application to decisioning and closing, for various consumer loan types. The software aims to improve efficiency and the customer experience through automation, a single platform for all channels, and customizable workflows. MeridianLink Consumer also integrates with other MeridianLink products for expanded functionality.


Who is MeridianLink Consumer best for

MeridianLink Consumer is a cloud-based loan origination system for US financial institutions. It streamlines the entire loan process, from online application to closing, for various consumer loan types. It features automated decisioning, customizable workflows, and a centralized application management system. MeridianLink Consumer integrates with other MeridianLink products and offers numerous third-party integrations.

  • Ideal for mid-to-large sized financial institutions (101+ employees).

  • Specifically designed for banks and credit unions in the USA.


MeridianLink Consumer features

Supported

MeridianLink Consumer automates the end-to-end lending process from online application to closing and supports various consumer loan types.

Supported

MeridianLink Consumer consolidates loan applications from all channels (mobile, online, branch, call center, indirect, retail, and kiosk) into a single origination point.

Supported

MeridianLink Consumer provides an automated decisioning and underwriting engine.

Supported

MeridianLink Consumer includes a configurable dynamic workflow engine to tailor the system to specific needs.

Supported

MeridianLink Consumer supports a full suite of loan products for both direct and indirect consumer and business loans.

Supported

MeridianLink Consumer offers hundreds of third-party integrations and connects with other MeridianLink products.

Supported

MeridianLink Consumer is delivered as a SaaS solution with frequent updates.


MeridianLink Consumer alternatives

  • Logo of CompassWay
    CompassWay
    Automate your loans, from application to repayment. Simple, efficient lending.
    Read more
  • Logo of Finanta
    Finanta
    Streamlines commercial loans for banks, boosting efficiency and insights.
    Read more
  • Logo of DecisionPro
    DecisionPro
    Automated loan decisions, streamlined workflows, improved efficiency.
    Read more
  • Logo of Maxwell
    Maxwell
    Modern mortgage platform simplifying lending from origination to close.
    Read more
  • Logo of Lender
    Lender
    Streamlines mortgage lending from origination to close.
    Read more
  • Logo of CloudBankin
    CloudBankin
    Modern lending platform. Streamlines loans, from origination to servicing.
    Read more

MeridianLink Consumer FAQ

  • What is MeridianLink Consumer and what does MeridianLink Consumer do?

    MeridianLink Consumer is a cloud-based loan origination system (LOS) for US financial institutions. It automates the entire loan process, from application to closing, improving efficiency and customer experience. It offers a single platform, customizable workflows, and integrations with other MeridianLink products.

  • How does MeridianLink Consumer integrate with other tools?

    MeridianLink Consumer integrates with hundreds of third-party tools and other MeridianLink products. This connectivity streamlines workflows and expands the platform's lending capabilities for a more comprehensive solution. It supports various consumer loan types and offers a centralized application management system.

  • What the main competitors of MeridianLink Consumer?

    Top competitors for MeridianLink Consumer include CompassWay, LendingPad, Finanta, DecisionPro, Maxwell, and Lender. These alternatives offer similar loan origination and management solutions for financial institutions.

  • Is MeridianLink Consumer legit?

    Yes, MeridianLink Consumer is a legitimate cloud-based loan origination system. It's designed for US financial institutions to streamline the loan process, from application to closing, improving efficiency and customer experience. MeridianLink enjoys positive website traffic and employee growth, indicating its increasing popularity in the market.

  • How much does MeridianLink Consumer cost?

    I cannot find pricing details for MeridianLink Consumer. Contact MeridianLink directly for product pricing and to determine if the product is worth it for your needs.

  • Is MeridianLink Consumer customer service good?

    MeridianLink Consumer's customer service receives positive feedback. Users describe the support team as "responsive" and "professional," contributing to a smooth and efficient lending process. While some customization limitations exist, the overall sentiment towards customer service is favorable.


Reviewed by

MK
Michal Kaczor
CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

TT
Tymon Terlikiewicz
CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.