MeridianLink, Inc. announced on April 2, 2025, the successful implementation of MeridianLink Mortgage for Solarity Credit Union, a Washington state-based institution with approximately 50,000 members. Solarity, already a MeridianLink Consumer customer, selected the mortgage loan origination system (LOS) to streamline and centralize its lending operations, previously using 13 different solutions for its mortgage department.
The implementation resulted in a streamlined application to funding process, reducing the time from application to funding from 23 days to 20, and cutting processing time from 21 days to 14. This significantly increased operational efficiency for the credit union. By leveraging the MeridianLink One unified platform, Solarity also enabled stronger consumer and mortgage cross-sell capabilities, allowing staff to support other product lines like HELOCs and small business loans.
Devesh Khare, Chief Product Officer at MeridianLink, highlighted that the company's product offerings can transform digital capabilities and deliver enhanced consumer experiences for financial institutions of all sizes. This successful deployment demonstrates MeridianLink's ability to provide efficiency and simplification, helping smaller institutions thrive and compete in their marketplace.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.