2020 Lending/LOS Vendor Showcase

Looking for new lending or LOS solutions? Check out these featured credit union suppliers.

 
 

A new year means a new opportunity to make smart investments for your credit union. There are many products, services, and solutions that promise the world in a sound bite, which makes it difficult to determine which ones have real teeth. The Vendor Showcase on CreditUnions.com breaks down the problems leading suppliers solve and gives them a chance to tell credit union leaders about what makes them stand out in a crowded industry. In this Vendor Showcase, CreditUnions.com singles out suppliers with solutions geared to the loan process.

Click any “read more” button below to learn about each supplier.

General Lending


Website: dot818.com
Headquarters: Glendale, CA




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Website: membersmortgage.com
Headquarters: Stoneham, MA


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Website: https://www.swbc.com/
Headquarters: San Antonio, TX


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Loan Origination Systems


Website: culendingedge.com
Headquarters: Albuquerque, NM

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Website: meridianlink.com
Headquarters: Costa Mesa, CA


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Website: mortgageclick.info
Headquarters: Stoneham, MA

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Website: origence.com
Headquarters: Irvine, CA



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CU Lending Edge


Website: culendingedge.com
Headquarters: Albuquerque, NM
Service Areas: Loan Origination Systems
  1. What unique challenge do you help credit unions solve?

    Several. Any CU of any Size, Geography, or FOM can cost-effectively implement an automated, Multi-channel (Indirect, Direct, Refi, and online) lending program that automatically captures both existing and new members. Completely customizable, and Turn-Key. CU Lending Edge’s Platform is a CUSO with Multi-CU and Multi years’ experience. An alternative to costly, and difficult to maintain and implement systems. CU Lending Edge is also the only platform that comes with a 100% Financial risk-Free GUARANTEE! If you are looking for quality loan volume, and ways to implement proven multi-channel delivery to achieve your loan and member growth goals, look no further!
     
  2. What differentiates you from competitors?

    Almost everything! Built as an alternative to expensive, cumbersome and resource heavy, inflexible systems, that for the most part just don’t work well. CU Lending Edge has a high level of automation, creating huge operational efficiency gains. The Turn-key aggregated platform, is unlike anything in the marketplace today. Get a brief explanation of the process, and you’ll understand why aggregation is so important. From a financially risk-free 1st-year implementation guarantee, to aggregation that assures every lender quality loan performance, to fully customizable automation, all wrapped up in a complete turn-key program…everything about CU Lending Edge is different and fully proven.
     
  3. How can a credit union learn more about CU Lending Edge?

    Simply call or email and schedule an individual conversation and system demo at your convenience. If you are researching and/or planning to implement new improved lending process; you need to increase loans, especially quality loans; if you want to increase membership and overall income, you owe it to yourself to be informed about CU Lending Edge. Call and talk to Walt Agius at 505-342-8910, or email Wagius@CULendingEdge.com. You can also peruse the CULendingEdge.com and CUSol .org websites at your leisure, but the best way to fully understand the benefits is to get on the phone and talk to us.
     

dot818


Website: dot818.com
Headquarters: Glendale, CA
Service Areas: General Lending
  1. What unique challenge do you help credit unions solve?

    dot818 helps credit unions identify in real-time when their members are shopping for a personal loan. In today’s current market not only are more credit union members shopping online for loan products, Fintech lenders are marketing aggressively to them as well making it more difficult than ever to keep wallet share. In addition to helping credit unions grow wallet share of existing members, dot818 can help acquire new members. Through their network dot818 receives over 50K unique personal loan inquiries every day, they can help find consumers in-market for a loan that meet your unique membership and underwriting criteria.
     
  2. What differentiates you from competitors?

    dot818’s ability to identify consumers shopping for a personal loan in real-time and alert the credit union is what sets them apart from the competition. Unlike other marketing channels such as direct mail which rely on credit data and modeling to try and predict when a consumer “may” need a loan, the dot818 program identifies the consumer when they are in-market shopping for a loan. The dot818 member retention/acquisition programs have no upfront costs, the credit union only pays dot818 a fee when they sign up a new member or fund a loan.
     
  3. How can a credit union learn more about dot818?

    The easiest way to not only learn more about dot818 but exactly how many of your members have been shopping for a personal or other short term loan through our network is to contact Bill Swift | (704)-246-7286 | bill.s@dot818.com.

    Every consumer who completes an online personal loan inquiry provides us with their current banking information. We will use this to let you know how many of your current members have been in-market shopping for a personal loan over the last 90 days.

    You can also visit our web site: https://dot818.com/brick-and-mortar-companies/.

Members Mortgage Company, Inc.


Website: membersmortgage.com
Headquarters: Stoneham, MA
Service Areas: General Lending
  1. What unique challenge do you help credit unions solve?

    MMC offers credit union mortgage lenders the ability to profit from offering mortgages regardless of the economic environment. It starts with optimizing the member experience through software use and continues by creating economies of scale to share the cost of running one centralized mortgage production center. A mortgage department’s overhead is manageable in an up market… however, technology, employee compensation, and office space are fixed overhead that can become a burden in an economic downturn. MMC provides a mortgage department at a fair price on a per closed loan basis. The benefit? The credit union is billed only on results.
     
  2. What differentiates you from competitors?

    MMC is independently owned and run, not a subsidiary of a larger institution. This autonomy allows us to adjust our service to the needs of the credit union. We can produce mortgages for the credit union, or (at the CU’s discretion) sell the loan on the secondary market. Depending on the CU’s individual needs, servicing can still be retained through these secondary market sales. We have a SAAS agreement with a major internet-based mortgage software provider, prioritizing both compliance and functionality. Through our affiliate, MortgageClick, we can customize the software for your members and staff to use 24/7. The technology will decision member loan requests within minutes of completing an online application, and provide a platform for loan originators, members, and credit union staff to collaborate throughout the transaction. Our company is licensed under the rules of the State Banking Division and is approved by the secondary market to sell and service loans.
     
  3. How can a credit union learn more about Members Mortgage Company, Inc.?

    Members Mortgage Company is based in New England, a marketplace known for mortgage lending. We serve a variety of credit unions, both large and small, and by doing so we create the economies of scale that give rise to lower per unit costs. Working with Members Mortgage allows credit unions to take advantage of both the shared mortgage department and the technology. Working with our affiliate (MortgageClick) provides access to the technology only—not first mortgage origination. To find out more about our first mortgage origination services and our technology, go online to www.membersmortgage.com or reach out directly to president@membersmortgage.com.

MeridianLink


Website: meridianlink.com
Headquarters: Costa Mesa, CA
Service Areas: Loan Origination Systems
  1. What unique challenge do you help credit unions solve?

    In the lending arena, a credit union, regardless of size, must compete with other FIs on factors such as ease-of-use and convenience while keeping operating costs down. Their LOS must utilize the latest technology that integrates with their core systems so members, and potential members, enjoy a seamless and frictionless experience from any channel — including mobile. The LOS must be a powerful and robust web-based system that surpasses the features and functionality of their competitors. And, if it is on the same platform as their account opening and mobile app for cross selling, all the better. That’s why credit unions use LoansPQ.
     
  2. What differentiates you from competitors?

    Meeting the lending challenges of 1,000+ credit union clients requires LoansPQ to be easily tailored to meet and exceed expectations. LoansPQ offers full loan product suite support for a wide variety of loan types including consumer, indirect, credit card, home equity/HELOC, and small business. LoansPQ has over 1,000 configuration points, 200+ third-party integrations, a robust underwriting and pricing engine, a configurable dynamic workflow engine and the ability to consolidate data from all existing application channels into a single origination point. LoansPQ is seamlessly integrated to XpressAccounts for deposit account opening and Application Portal for fully-responsive digital lending.
     
  3. How can a credit union learn more about MeridianLink?

    To learn more about LoansPQ and the entire MeridianLink ecosystem of products and consulting and analytics services, visit www.meridianlink.com and press the Let’s Talk tab to discuss your needs and challenges. You can also download product information and case studies as well. If a request for proposal is being issued, our business development and partner success teams are ready to provide a thorough response. Simply send your request to webrequest@meridianlink.com or call 888.593.8970 and follow the prompts for Sales.

MortgageClick


Website: mortgageclick.info
Headquarters: Stoneham, MA
Service Areas: Loan Origination Systems
  1. What unique challenge do you help credit unions solve?

    MortgageClick provides mortgage technology to credit union lenders at a fraction of the cost of a direct relationship. We’re an approved re-seller of the Accenture/Mortgage Cadence mortgage lending eco-system; formally known as Prime Alliance, it was developed by credit unions for credit unions. MortgageClick provides a cost-effective technology solution designed to meet the demands of millennials and Gen Z mortgage customers. All our credit union partners benefit from sharing the cost of one high-volume contract; by coming together, we create an economy of scale that makes it affordable for everyone. Those benefits translate into the ability to compete for member acquisition and retention.
     
  2. What differentiates you from competitors?

    MortgageClick provides a platform to share technology costs with other credit unions to reduce the individual burden. Credit union lenders with direct contracts are paying software subscription fees based on volume, and often these contracts include minimum monthly commitments. Plus, a direct relationship with major technology companies carries a heavy cost burden to credit unions in a downturn. MortgageClick is a unique alternative that provides all the benefits of a direct relationship—with the added benefit of shared expenses. Established in 2003, MortgageClick represents the credit unions’ interest with the software provider and leverages the group’s collective interest to meet business demands. Credit unions pick the options and volume levels that match their business model.
     
  3. How can a credit union learn more about MortgageClick.biz?

    MortgageClick provides credit unions across the country, small and large, with access to a cutting-edge Loan Operating System typically reserved for only the largest lenders. MortgageClick developed a network of credit unions that share this technology-- a collaboration that benefits everyone. Call Dan Hanlon or Stan Kutzko at 866 859-6542 or email info@mortgageclick.biz. You can also visit our website at www.mortgageclick.biz. We’re always available to discuss MortgageClick, or provide a demonstration of our lending solutions to your credit union.

Origence


Website: origence.com
Headquarters: Irvine, CA
Service Areas: Loan Origination Systems
  1. What unique challenge do you help credit unions solve?

    Our LOS is built to enhance the loan process for members and lenders alike. We’ve increased productivity and decreased costs with next-level automation, engagement, and support. Our highly-configurable decision engine uses over 1,800 variables to come to an accurate decision that meets a credit union’s every requirement, faster and more efficiently. Plus, we’ve reimagined the member experience from start to finish to deliver a simple and connected borrowing experience that improves pull-through.
     
  2. What differentiates you from competitors?

    The Origence consumer LOS was built specifically with credit unions and their members in mind. Through automation and extensive configurability, our system removes the friction from the lending process to position credit unions for success.
     
  3. How can a credit union learn more about Origence?

    Learn more about our solutions at origence.com.

SWBC


Website: https://www.swbc.com/
Headquarters: San Antonio, TX
Service Areas: General Lending
  1. What unique challenge do you help credit unions solve?

    For more than 40 years, SWBC has provided products and services to help credit unions, banks, and mortgage servicers meet some of their most critical goals. Our products and services can help institutions of all sizes create a more competitive lending program; engage consumers and generate non-interest income; create operational efficiencies and control overhead; manage risk and remain compliant; and build capital. SWBC has subject matter experts who have institutional knowledge that’s invaluable when serving our clients. We use this knowledge to work in partnership with our clients to help develop long-term goals and align solutions to meet those goals.
     
  2. What differentiates you from competitors?

    SWBC was founded on the core value of Service. It’s a simple statement, however, many companies find it hard to live by. From our a consultative approach with clients to our ability to deliver holistic risk management, payments, and income-generating strategies under one roof, clients often say that it feels like our team is an extension of theirs. We’ve made a strategic effort to invest in technology to create efficiencies that benefit our clients on multiple levels. Our strides behind the scenes in advanced technology like robotic process automation, machine learning, and artificial intelligence have a direct impact on how credit unions can better serve their members.
     
  3. How can a credit union learn more about SWBC?

    They can visit our website, swbc.com/fi-group, to learn about our products, services, company culture, and history; or they can speak directly with a representative at any time by calling 866-316-1162.

Are you a supplier interested in participating in a themed Vendor Showcase in 2020? Contact Callahan & Associates here.

*The listings included in this Vendor Showcase are sponsored by the suppliers. Callahan & Associates and CreditUnions.com do not endorse vendors or the solutions they offer.