SANTA ROSA, CA (June 9, 2016) — CUneXus Solutions, a leader in omni-channel, application-free lending technology, has announced a partnership to further integrate MeridianLink’s popular loan origination system, LoansPQ®, with the CUneXus cplXpress pre-approved lending automation platform. This connection will provide CUneXus’ bank and credit union clients end-to-end consumer lending automation capabilities at all physical and digital banking touchpoints.
“Combining our cplXpress platform with MeridianLink’s loan origination system makes perfect sense. Our current credit card integration with MeridianLink was developed while completing a custom system integration for a $10 billion California credit union,” said Dave Buerger, co-founder, and CEO of CUneXus. “Once complete, the combined solution proved highly-successful and the benefit of expanding our LoansPQ integration to include all loan types was clear. We knew that these advanced capabilities would be of tremendous value to our clientele, as it expedites the funding process and increases efficiency through the elimination of manual back-office processes.”
Financial Institutions are adopting online lending strategies at a rapid rate—especially in the mobile channel—creating a greater need for connectivity between their online lending platform and their loan origination system. The MeridianLink/CUneXus integration gives financial institutions the ability to underwrite, close, and fund pre-approved loans quickly and efficiently on the back-end, as well as deliver an easy-to-use front-end for consumers.
For example, when a credit union member or bank customer accepts their pre-approved offer within online or mobile banking, the data is automatically and securely transferred to MeridianLink’s loan origination system, LoansPQ. Connectivity between these two systems provides financial institutions with the following benefits:
- Eliminates the need to re-key loan data, resulting in no keying errors;
- Transfers data fields directly from cplXpress to LoansPQ, resulting in time savings for lending staff;
- Increases loan process efficiency, resulting in the ability to provide consumers with a higher quality online borrowing experience;
- Transfers data in real-time, resulting in a faster, more efficient loan process for the loan officer and a better overall experience for the consumer;
- Funds the loan automatically and in real-time, regardless of what channel the loan originates from.
“This partnership between CUneXus and MeridianLink is another example of how we are responding to the mobile lending transformation in the financial services industry,” said Tim Nguyen, CTO, MeridianLink. “This integration is evidence of how our organizations are thinking about consumers’ use of technology in virtually every phase of their lives.”
Founded in 2007, CUneXus is focused on data-driven consumer lending solutions that help financial institutions maximize the potential of valuable customer relationships. Their pioneering technologies are at the forefront of the transition to a new era of responsible on-demand lending and borrowing. The company’s revolutionary cplXpress product suite is currently being utilized by dozens of financial institutions and has generated hundreds of millions of dollars in consumer loan volume. CUneXus has presented the cplXpress product line at Finovate, the Innotribe Startup Challenge, Bank Innovation, NetFinance Interactive, and more. The startup was also named one of just ten startups to watch on KPMG’s global report of “The 50 Best Fintech Innovators of 2014,” and selected to participate in the Silicon Valley’s renowned Plug & Play Fintech accelerator. Visit the CUneXus website for more information: http://cunexus.com/
MeridianLink, Inc., developer of the industry’s first multi-channel account opening and loan origination platform, is a leading provider of enterprise business solutions for 20,000+ end users in the financial services industry. The company’s passion for excellence is reflected in their web-based credit reporting, lending and new account opening/deposit technologies, which all enjoy solid reputations as being cutting edge, reliable and affordable. Based in Costa Mesa, California, MeridianLink is committed to creating “Smart Solutions” that deliver “Real Value.” For more information, visit www.meridianlink.com.