About LoansPQ

LoansPQ is a cloud-based loan origination solution designed to help banks, credit unions, and funding officers manage lending processes for various loan types including unsecured, secured, small business, and home equity loans. The platform's automation functionality enables users to streamline processes related to underwriting and pricing for indirect auto and retail loans.

LoansPQ assists organizations with identifying numerous cross-selling opportunities, such as credit card debt consolidation or auto tradeline refinancing, and importing loan application data. The platform allows managers to create customizable workflows for handling loan requests, and sending status updates or outstanding charges notifications to applicants and dealerships. Administrators can also define pricing strategies and capture electronic signatures to improve decision-making and verifications across the pipeline.

LoansPQ enables users to notify customers about loan qualification status using soft credit pulls functionality. Plus, it supports integration with various third-party systems, such as e-signing, insurance, credit card processing, home banking, and more via APIs.

Devices

Business size

S M L

Markets

United States

Supported Languages

English

Images

LoansPQ funding
LoansPQ loan details
LoansPQ underwriting
View 4 more
LoansPQ video
LoansPQ screenshot: LoansPQ funding LoansPQ screenshot: LoansPQ loan details LoansPQ screenshot: LoansPQ underwriting

Features

Total features of LoansPQ: 17

  • API
  • Alerts / Escalation
  • Applicant Tracking
  • Applications Management
  • Automatic Notifications
  • Configurable Workflow
  • Credit Card Processing
  • Data Capture and Transfer
  • Data Import
  • Digital Signature
  • Electronic Signature Capture
  • Financial Management
  • Pipeline Management
  • Price Management
  • Rules-Based Workflow
  • Third Party Integration
  • Workflow Management

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Reviews

Overall rating

4,7 /5
(17)
Value for Money
4,6/5
Features
4,2/5
Ease of Use
4,5/5
Customer Support
4,6/5

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Showing 5 reviews of 17
Deana m. G.
Overall rating
  • Industry: Banking
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

Highly Integrated System, Perfect for Consumer Lending

Reviewed on 2019/08/07

With LoansPQ I rally like having a PSM to help guide me, especially if I have a question on if the...

With LoansPQ I rally like having a PSM to help guide me, especially if I have a question on if the system can do this and I cannot find it in Knowledge Base.

Pros

Super easy to use and write training material on. The application is a workflow and optional booking validations help ensure that there are no compliance errors. The analyst side is very user friendly including the Mobile Banking (APM) platform. This system can be fully integrated with e-signing, NADA, Kelly Blue Book, and Ancillary Providers such as SWBC.

Cons

Would like more flexibility to add in a custom field in the application instead of having to add in a custom question. Also would like more updates on tickets that I submitted. I have to keep reaching out to LPQ support to see what is the status. Which always happens to have some programing issues that can take awhile to fix.

Don M.
Overall rating
  • Industry: Banking
  • Company size: 201-500 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

MeridianLink LoansPQ Review

Reviewed on 2019/09/06

Pros

The software integrates seamlessly with our various other software programs thereby substantially reducing the amount of time needed to process and fund a loan. The better the experience our members have in obtaining their loans with us, the more likely they are to return to us for their future loans.

Cons

The decision engine is by far the worst aspect of the software. With that being said, MeridianLink has told us they are committed to improving it in 2020 and ff they build what they told us they were going to build, we will be very pleased.

Lindsey H.
Overall rating
  • Industry: Banking
  • Company size: 11-50 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

LoansPQ Review

Reviewed on 2021/02/11

Overall, LoansPQ has been an excellent product for us. They integrate with many of our vendors,...

Overall, LoansPQ has been an excellent product for us. They integrate with many of our vendors, making it a very streamlined process for our loan originators and member service representatives to use! I also really enjoy the capabilities to custom code or map items to our core and onto documents, being able to have that control is crucial for successful business operations.

Pros

LoansPQ is a very easy product to use - very streamlined and the process workflow is well laid out for the user.

Cons

The only things that could really improve, is being able to add more fields and logic to the coding of reports, forms, etc. The development team at Meridian is very timely about seeing the needs of its users, and working towards resolutions.

Leann W.
Overall rating
  • Industry: Banking
  • Company size: 201-500 Employees
  • Used Daily for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 7.0 /10

Long time customer

Reviewed on 2019/10/02

Pros

Workflow capabilities are great. Automation is robust. Tons of plug ins to increase capability. Maps to the core system wonderfully.

Cons

Instant approval decision engine is limited

Poncietta C.
Overall rating
  • Industry: Banking
  • Company size: 51-200 Employees
  • Used Weekly for 2+ years
  • Review Source

Overall rating

  • Value for Money
  • Ease of Use
  • Customer Support
  • Likelihood to recommend 10.0 /10

SEAMLESS APPLICATOIN

Reviewed on 2021/02/11

I USE THE LOANSPQ FOR ALL OF THE BUSINESS LOANS THAT I DO. THE SOFTWARE IS EASY TO USE AND THE...

I USE THE LOANSPQ FOR ALL OF THE BUSINESS LOANS THAT I DO. THE SOFTWARE IS EASY TO USE AND THE STEPS ARE EASY TO FOLLOW. OVERALL, I WOULD HAVE TO SAY THAT I HAVE HAD A GREAT EXPERIENCE USING THIS SOFTWARE AND I WOULD HIGHLY RECOMMEND IT TO ANYONE THAT IS LOOKING FOR A GREAT PRODUCT WITH A GREAT SUPPORT TEAM. THERE IS ALSO A LOT OF RESOURCES TO HELP WITH WHATEVER ISSUE YOU MAY HAVE.

Pros

THIS PRODUCT IS VERY EASY TO USE. I HAVE BEEN USING IT FOR MANY YEARS AND TODATE, I REALLY CANNOT SAY THAT I HAVE HAD ANY ISSUES. THERE HAVE BEEN HICCUPS ALONG THE WAY BUT IT IS USUALLY WITH THE OTHER VENDOR THAT I NEED TO ACCESS. THIS PRODUCT IS EASY TO INTEGRATE INTO THE OTHER PRODUCTS WE USE AND THE SUPPORT TEAM IS REALLY GREAT. THE RESPONSE TIME IS ALSO GREAT, ESPECIALLY IN THESE DAYS WHEN YOU HAVE TO WAIT FOREVER TO GET HELP FROM ANYONE ONLINE .

Cons

I HAVE NOT COME ACROSS ANYTHING THAT I DID NOT LIKE ABOUT THIS SOFTWARE. IT HAS BEEN ABLE TO FULFILL ALL OF THE NEEDS THAT I HAVE SO I WOULD HAVE TO SAY, NOTHING.

Showing 5 reviews of 17 Read all reviews

LoansPQ FAQs

Below are some frequently asked questions for LoansPQ.

LoansPQ offers the following pricing plans:

  • Pricing model: Subscription
  • Free Trial: Not Available

Contact MeridianLink for pricing details.

We do not have any information about LoansPQ features

LoansPQ has the following typical customers:

Small Business, Large Enterprises, Mid Size Business

LoansPQ supports the following languages:

English

We do not have any information about what devices LoansPQ supports

LoansPQ integrates with the following applications:

LendingQB

LoansPQ offers the following support options:

Phone Support, Online Support, Knowledge Base, Video Tutorials

Related categories

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