SAN ANTONIO, TX (July 27, 2009) – SWBC has announced the interface of its LendingXpress™ product, a comprehensive residential real estate lending platform, with MeridianLink’s LoansPQ, a loan management solution. LendingXpress is a one-stop shop that allows financial institutions to order valuation products, flood certificates, lien position, and other products necessary to close a loan.
The interface between LendingXpress and LoansPQ offers automation for nearly every function of the loan processing application using intuitive, web-based software that reduces multiple data entry. LoansPQ now features a direct link to LendingXpress that financial institutions can access during the loan process on home equity of HELOC (Home Equity Line of Credit) loans, as well as first mortgages. This link eliminates the need for repetitious data entry, strengthening the loan process and improving margins. “This integration is yet another milestone for MeridianLink in providing financial institutions with an enterprise-wide consumer lending system with comprehensive integrated solutions. The LendingXpress ‘one-stop shop’ fits perfectly with LoansPQ and will help meet the growing needs of our mutual customers,” said Doug Glagola, Vice President of Business Development at MeridianLink.
In addition to its variety of traditional lending products, LendingXpress offers alternative options that are often returned more quickly and at a dramatically lower price. It is the one platform lenders need to remain competitive. “We are very excited about our integration with MeridianLink’s LoansPQ software,” remarked Ted Robinson, Senior Vice President and General Manager of LendingXpress. “The combined strengths of these applications and products will allow financial institutions to capture a greater share of the mortgage market with increased efficiency and speed and with higher margins.”
About SWBC
Headquartered in San Antonio, SWBC is a diversified financial services company providing a wide range of insurance, mortgage, and investment services to financial institutions, businesses, and individuals. With offices across the country, SWBC is committed to providing quality products, outstanding service, and customized solutions in all 50 states. For more information, visit SWBC’s web site at www.swbc.com.
About MeridianLink
MeridianLink, Inc. is a leading provider of enterprise business solutions for over 26,000 end users in the financial services industries. The company’s passion for excellence is reflected in their web-based credit reporting, lending, and new membership/deposit opening 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.