The materials available in this article are for informational purposes only and not for the purpose of providing legal advice. You should contact your own advisors with questions regarding the mortgage lending software content herein. The opinions expressed in this article are the opinions of the individual authors and may not reflect the opinions of MeridianLink, Inc.
As non-bank lenders increasingly dominate home purchases, refinances, and expand into home equity, credit unions’ market share in these areas has stagnated at around 6%.
It’s not that borrowers trust these institutions more. It’s that, many times, these lenders deliver simple, fast experiences that make securing a mortgage loan a breeze.
What if your credit union could combine that speed and simplicity with the trust and member-focused culture that only you can offer? You’d become a force to be reckoned with.
So, let’s turn that “What if?” into “When?” and break through the ~6% mortgage market ceiling.
How? MeridianLink® Mortgage LOS.
With configurable automation, a native product and pricing engine, a configurable point-of-sale solution, built-in compliance measures, and more, our mortgage lending software supports a fast, borrower-friendly process that:
- Prioritizes the member experience at every step with intelligent, streamlined workflows, speedier decisions, and personalized service.
- Shortens cycle times and increases pull-through rates to close more mortgages.
- Maintains a swift, secure end-to-end experience that gives credit unions the confidence to scale volume.
- Reduces IT and operational strain with a cloud-based platform that reduces manual tasks, frees up resources, and lowers overhead expenses.
How can you upgrade your mortgage LOS, without overextending your team or budget?
MeridianLink’s Digital Progression Model offers a proven, multi-phase implementation blueprint tailored to your goals and resources, helping you make the switch within budget and ability.
Discover how MeridianLink Mortgage lending software can help you grow with digital experiences rooted in the trust and member-centric service that sets your credit union apart.
