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MeridianLink Consumer

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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

We find that MeridianLink Consumer is an ideal solution for banks and credit unions in the United States looking to manage consumer loans. In our experience, it is most effective for mid-to-large sized financial institutions seeking to streamline loan processes. It is particularly well-suited for organizations seeking a centralized platform.

  • For larger teams: Great for companies with over 100 employees seeking a scalable loan origination solution.

  • Perfect for finance, banking, and insurance; designed to streamline loan management and improve customer experience.


MeridianLink Consumer features

Supported

Automated Lending Process: Automates the entire loan origination process digitally, from online application to closing.

Supported

Modern User Interface: Provides a user-friendly interface built on modern cloud technology.

Supported

Automated Decisioning & Underwriting: Automates decision-making and underwriting processes.

Supported

Centralized Loan Origination Platform: Offers a single platform to manage all loan applications from various channels (e.g. mobile, online, branch).

Supported

SaaS Delivery Model: Delivered as a web-based SaaS solution with regular updates.

Supported

Full Loan Product Suite: Supports a wide range of consumer and business loan types.

Supported

Robust Admin Setup: Offers robust administrative setup with customizable criteria, such as price adjustments and custom lists.


MeridianLink Consumer alternatives

  • Logo of CompassWay
    CompassWay
    Automate your loans, from application to repayment. Simple, efficient lending.
    Read more
  • Logo of LendingPad
    LendingPad
    Modern mortgage loan origination software streamlining the entire lending process.
    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

MeridianLink Consumer FAQ

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

    MeridianLink Consumer is a cloud-based loan origination system for US financial institutions. We find that it automates the entire loan process, from online application to closing, improving efficiency and customer experience. It offers a single platform for all loan types and integrates with other MeridianLink products.

  • How does MeridianLink Consumer integrate with other tools?

    MeridianLink Consumer integrates with other MeridianLink products for expanded functionality. It does not provide details on specific integrations with third-party tools. For more information, it's best to contact MeridianLink directly.

  • What the main competitors of MeridianLink Consumer?

    We find that MeridianLink Consumer's main competitors 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. We find it's a safe and reliable choice for financial institutions in the USA looking to streamline their lending processes, based on user reviews and its established presence in the market.

  • How much does MeridianLink Consumer cost?

    I'm sorry, but MeridianLink Consumer's pricing details are not publicly available. Contact their sales team directly to obtain a customized quote based on your specific needs.

  • Is MeridianLink Consumer customer service good?

    We find that MeridianLink Consumer's customer service receives positive feedback. Users highlight the helpfulness and responsiveness of the support team, contributing to a generally positive customer service experience.


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.

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