CUNA Mutual, MeridianLink Integrate Mobile Lending
CUNA Mutual Group said it has integrated its loanliner.com platform including its Smartphone Loan technology and AskAuto app, with MeridianLink’s loan origination system, LoansPQ.
The companies said the connectivity between the two systems allows credit unions to eliminate the need to re-key loan data, resulting in reduced keying errors and transfer up to 140 data fields from loanliner.com to LoansPQ.
The integration also transfers data and automatically provides a loan decision to the member in real time, according to CUNA Mutual. Members get decision responses regardless of which channel the loan originates from, the Madison, Wis.-based company said.
“Combining our loanliner.com platform with MeridianLink’s loan origination system just made sense,” said Chuck Cashman, technology leader at CUNA Mutual. “It will allow us to offer higher-quality products that seamlessly integrate and are simple to use.”
For example, when a credit union member uses CUNA Mutual’s Smartphone Loan technology or AskAuto app to complete their loan application via loanliner.com, the data is automatically and securely transferred to MeridianLink’s loan origination system, LoansPQ, according to CUNA Mutual.
The loan is then decisioned using the credit union’s own decision criteria set-up in LoansPQ. A decision is returned and displayed in loanliner.com for the member, and then the loan officer completes the loan processing in LoansPQ.
The connection between CUNA Mutual’s loanliner.com platform and MeridianLink’s LoansPQ currently provides more than 225 credit unions and 12 million members with decisioning and data transfer capabilities, the companies said.