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LoansPQ

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Overview

LoansPQ is the industry-leading loan origination system that ensures a friction-less experience by easily consolidating data from all existing channels—mobile, online, branch, call center, indirect, retail, and kiosk—into a single origination point. With over 1,000 configuration points, 200 third-party integrations, a robust underwriting and pricing engine, full loan product suite support and a configurable dynamic workflow engine, LoansPQ can be tailored to fit the needs of any financial institution.

Key Features

Single origination platform. All channels (mobile, online, branch, call center, indirect, retail, and kiosk) are consolidated into a single processing system for a consistent experience for originators, underwriters, processors, and funding officers.

Full loan product suite support. LoansPQ offers automated underwriting and pricing for indirect loans (auto and retail); consumer lending (direct auto, unsecured and secured personal loans and lines of credit); small business loans; home equity loans and HELOC; and vehicle leases.

Cross-sell and opportunity engine. Utilize the LoansPQ cross-sell engine to identify potential cross-sell opportunities, such as credit card debt consolidation or auto tradeline refinancing. Automatically port information from the original application to the new cross-sell.

Dynamic workflow. Configure the system to reduce manual work by setting up actions based on your business rules. Automatically move applications to and from customized application pipelines, notify applicants, users, or dealerships of status updates or outstanding stipulations, and much more.

Vast configurability. Tailor the application experience to your workflow with over 1,000 preferences, encompassing data field collection, system behavior, customization of integrations to third-parties, and more.

Robust core system integration. LoansPQ integrates with over 25 core systems, reducing data entry in the core system and empowering underwriters with information on current members and customers.

Expansive integrations. Seamlessly integrated with more than 200 third-party integrations, including core systems, e-signing vendors, insurance providers, dealership integrators, credit card processors, home banking systems, settlement service tools, and more. MeridianLink’s Open APIs put the power in your hands to integrate in-house technology with the LoansPQ platform.

MeridianLink integrations. Leverage the MeridianLink ecosystem with seamless integration between LoansPQ and XpressAccounts for deposit account opening, Application Portal for mobile-first and fully responsive digital lending, XpressCollect for collections, and LendingQB for mortgages.

Key Benefits

Increased Consumer Satisfaction. Stay competitive by leveraging LoansPQ for maximized automated decisioning capabilities. From enhanced decisioning and pricing to e-signature during the application process, LoansPQ provides the technology needed to excel in today’s digital market where applicants expect instant service.

Increased Revenue. Deepen relationships with existing customer or members through cross-selling and integration with core data.

Reduced Operational Costs. A consistent and best-in-class user experience combines with a dynamic workflow and automation to reduce the amount of manual work needed by users.

Product/Service details

SOLUTION OR SERVICE TYPE