SAN ANTONIO — SWBC's Lending Solutions on Tuesday said it recently enhanced the integration of its LendingXpress Platform with MeridianLink's LoansPQ Consumer Lending Loan Origination System.
According to the two companies, this integration will help credit unions improve efficiencies and lower operating costs by allowing data and completed products to seamlessly flow back into LoansPQ. Therefore, they said, LoansPQ users will be able to order settlement services such as valuation products, title/closing products, flood services, verification services, and more.
"SWBC Lending Solutions is a valued partner of MeridianLink, and we are excited to take our integration with the LendingXpress Platform to the next level," Doug Glagola, MeridianLink's VP of enterprise solutions, said in a statement. "Having our technologies work together provides our mutual clients a seamless real estate processing experience."
Glagola said the integration of the two companies' systems will further assist financial institutions in achieving their goal of approving more applicants, increasing profitability, streamlining the loan origination process and ensuring regulatory compliance. "Our customers are looking for lending solutions that ensure the correct loan decisions are made quickly and efficiently. With this upgraded integration we are putting this power in their hands," he said.
