MeridianLink Adds Compliance Upgrades
MeridianLink has released a new version of its loan origination, online account opening and deposit platform that the company said includes the ability to comply with a number of new federal rules.
The company said the new version would address changes in Regulations C, E and Z, among others.
Features in the Web-based XpressAccounts and LoansPQ systems include a built-in spread calculator to help meet HMDA's Regulation C, opt-in/out options for overdraft services to meet Regulation E and automatic calculations and warnings for high-cost mortgage loans to support compliance with Regulation Z.
The Costa Mesa, Calif., company said its multi-channel lending and account opening solutions are now in use by more than 400 credit unions and other financial institutions. More than 26,000 end users now use its enterprise business solutions that include Web-based credit reporting, the company said.