Wings Financial Credit Union Deploys MeridianLink’s LoansPQ® for In-branch Lending
COSTA MESA, CA – (PRWEB) July 19, 2016 -- MeridianLink®, developer of the financial industry's first multi-channel loan and new account origination platform, today announced that Wings Federal Credit Union (Wings FCU) has chosen the LoansPQ® solution as part of its plan for strategic growth. After a careful evaluation process, Minnesota's largest credit union selected the MeridianLink loan origination platform and immediately began deployment to improve member experience and increase business process efficiencies.
Overall, Wings FCU aims to improve the member experience by ramping up the percentage of loans that are auto-decisioned, thereby reducing overall decision times on loan applications. CU Lending management is confident that LoansPQ will help them reach their efficiency goals.
By empowering Wings FCU with the ability to cross sell across all product lines, Wings FCU expects to see improved cross sell ratios. Automation, rapid decisioning, increased efficiency and a high quality loan portfolio are factors that will impact their ability to reach their target.
“We understand this will not happen overnight, but expect it to occur as we get more comfortable with the decision matrix,” reported Mark Everson, Senior Vice President, Chief Lending Officer at Wings Financial Credit Union.
Wings FCU management has been pleased with the integration process and has been able to connect with other MeridianLink community members to learn best practices and efficiencies, a large factor in selecting the LoansPQ solution. They anticipate that processes from loan dispersal that used to be manual can now be automated, improving efficiency, speed and accuracy.
“When we started the search, the MeridianLink solution was recommended by a majority of peer financial institutions, and our key partners, due to ease of use. It quickly became apparent that we would gain efficiencies,” said Eric Fuglister, Vice President of Consumer Lending at Wings Financial Credit Union.
The deployment process has smoothly moved forward through conference calls, online engagement and other meetings. The first phase is expected for completion by mid-September, with the final rollout of all lending products complete by November 1, 2016.
MeridianLink’s software is the most mature loan origination and new account opening platform available, and the company has maintained its position on the cutting edge of advancement and innovation since 1998. The MeridianLink platform has been proven to increase loan volume as well as reduce loan production costs and is integrated with most core processors and over 200 third-party systems and product providers.
About MeridianLink
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+ financial service organizations. 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 http://www.meridianlink.com.
Doug Wheaton, MeridianLink, http://www.meridianlink.com, +1 (714) 708-6950, [email protected]
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