This post was originally published on Fin Extra
MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, successfully implemented MeridianLink® Mortgage for Solarity Credit Union.
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Already a customer of MeridianLink® Consumer and with around 50,000 members, the Washington state-based credit union selected the mortgage loan origination system (LOS) for its ability to streamline and centralize lending.
Before MeridianLink Mortgage, Solarity Credit Union used 13 different solutions for its mortgage department. Since implementing MeridianLink, the credit union seamlessly integrated its mortgage lending into a singular solution. The results include a streamlined application to funding process, cutting the time from application to funding from 23 days to 20; reduced time processing from 21 days to 14; and increased operational efficiency.
Additionally, by taking advantage of the MeridianLink® One unified platform, the credit union enabled stronger consumer and mortgage cross-sell capabilities. The cross-sell initiative allows staff to support other product lines, such as HELOC (Home Equity Lines of Credit) and small business loans involving real estate. This not only makes the workforce more versatile but also helps to reduce dependence on siloed roles.
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