2. Who We Are
– World Class Technology Company with Proven Success in Financial Services
– 100% Web-Based, End-to-End, Single Database LOS Platform
Why We Are Different
– Single database is the cornerstone of a comprehensive 5-layered approach to compliance
– True Managed Services Platform for both implementation and ongoing management
– Most Experienced SaaS Vendor with the most secure platform in the industry
How We Increase Lender’s Profit
– ROI-Focused approach for innovation and implementation
– Proven to dramatically improve productivity and lower lenders’ cost per loan
– Managed Services SaaS Model Lowers Technology Ownership Costs
3. LendingQB is part of the MeridianLink Family
75% market share of 400+ Credit Unions/Banks Added 25 new clients in
independent credit 36% market share of top the last 9 months
reporting companies 100 credit unions
4. LendingQB (MeridianLink) is a World-Class Technology Company with a long
history of demonstrated success….
MeridianLink founded as privately-held California corporation ‘98
Released Mortgage Credit Link, first 100% online
Built E*Trade Mortgage ‘00
credit reporting solution
Released DecisionAPP for indirect auto lending ‘01 Released LoansPQ for direct lending
Launched LendingQB LOS ‘03 Released HomeLoanCenter platform which became LendingTree.com
Released PriceMyLoan (used by CitiMortgage) ‘04
‘05 Released XpressAccounts as part of LoansPQ
Selected as direct connect provider by Fannie Mae ‘06
‘09 Built proprietary AUS for HUD (H4H Program)
MeridianLink Processes over 3 million transactions ‘10 Second non-agency AUS approved to connect to FHA Total Scorecard
for 20,000+ financial entities
Mortgage Credit Link attains 75% market share ‘12 Loans PQ Achieves 36% market share of top 100 credit unions
among credit reporting companies
LendingQB surpasses 65 LOS customers
Meridian Link has had the same ownership structure and has been cash flow positive since it’s inception in 1998
6. Integrations
THIRD-PARTY SERVICE/PRODUCT VENDOR INTEGRATION
Initial Disclosures DocMagic, DocuTech, IDS
Closing Documents DocMagic, DocuTech, IDS
Anti-Predatory & State High-Cost DocMagic, ComplianceEase
TIL Audits ComplianceEase
State Consumer Lending Laws ComplianceEase
State Licensing Regulations ComplianceEase
Identity Verification DataVerify
Fraud Checks DataVerify
Capital Markets MCT, MCM, Flatirons
Title Fee Packages FirstClose Title
Credit Reports All Fannie Mae Approved Vendors
Lead Management Leads360, mortgageCEO
Appraisal Management GlobalDMS
Appraisal Review and Scoring GlobalDMS
7. Our Single Database Platform Drives the Five Layers of Compliance
RISK ASSESSMENT CONTROL MECHANISM
Eliminate resources wasted
on poor quality loan apps LAYER 1 Automated Underwriting
Prevent staff from
LAYER 2 Business Rules
making mistakes
Automatically guide users
through workflow LAYER 3 Task System
Automates Issue
Identification for Management LAYER 4 Scheduled Reports
Ensure loans meet industry, Real-Time, Automated
state & federal regs LAYER 5
Compliance
Rigorous protection against
operational & regulatory mistakes
8. Full-Service Approach to Implementation: Faster Implementation Time, Less Cost
to Clients and Reliable Implementation Success
Traditional LOS Vendor Results in Failed or Costly LendingQB’s Deployment To Ensure Deployment
Deployment Implementations Approach is Unique Success
They Provide you with a project Some large vendors have over Comprehensive system LendingQB has had no failed
manager and they conduct user 50% of their implementations deployment is included in implementations
training fail pricing model
Average implementation time-
Lender is Responsible for Rules Average Additional Resource frame is 90 days which is half
LQB is responsible for co-
and Workflow configuration Costs for implementations that of other vendors
managing deployment process
range from $100K to $500K
with client
Lender configures UW No “Hidden” Costs to lender
guidelines and pricing Average Implementation Cycle LQB configures your custom because lender resource
Time is 6 months to one year workflow and business rules requirements are minimal
Additional training is charged
per day or per hour LQB configures investor and
custom UW guidelines
Lender is responsible for UAT
and Go-Live Unlimited training included in
pricing model
9. World-Class Customer Support and Ongoing Platform Management:
Higher Utilization with Lower Cost of Ownership for our Clients
Traditional LOS Vendor Results in low vendor Our Customer Support is Resulting in High Utilization
Support… satisfaction/retention the Best in the Industry at lowest cost…
Vendors do not have instant Mortech estimates current LQB is the only LOS Vendor
support function and many LOS Vendor Satisfaction is with an Instant Chat Support 93% of LQB Clients rate our
times do not have a live voice 58% Function LQB as good or excellent
answer support calls
Our clients estimate that 73% of instant support chat Our clients estimate a
Five of our clients estimated the average annual tickets are responded within savings of $75K to $225K in
that the average support additional costs to maintain 1 minute or less annual resource maintenance
response times from their their previous vendors’ requirements and costs
previous vendor ranged from 2 platforms ranged between
hours to 36 hours! All on-going configuration for
1-3 full time FTEs
rules, workflow, guidelines
are managed by LQB, reducing
Lender must manage all lender resources by at least
configuration of rules and 1-2 FTEs
guidelines on an on-going
basis requiring at least 1
additional FTE LendingQB Support SLA’s
ensure rapid response times
10. We are the Most Experienced SaaS-Based Vendor: Superior Performance,
Scalability and Security at Lower Cost of Ownership
Traditional Vendor’s SaaS Resulting in performance & We’re the most experienced Resulting in performance &
experience is limited security risks SaaS vendor security safety
Most “Software as a Service SSAE 16 is the best they have We have been providing SaaS for TruSecure certified since 2000.
(SaaS) Solutions” are nothing to offer 12+ years.
more than web-enabled (via
Citrix) Windows applications. Dependent on third-party for The Only LOS Vendor that is
SaaS model allows us to perform RI3PA/Payment Card Industry
system security and unscheduled-releases as
performance (PCI) compliant…. since 2008
Few vendors have undergone a necessary to meet clients’
third-party security audit and expectations.
are not monitored by a major The largest vendor in this field LendingQB manages its own
third-party entity (e.g., VISA, have had several incidents of Our facilities and systems have data center eliminating reliance
MASTERCARD) for security system blackout within the been audited by multiple on third-party for system
compliance. past 24 months. security auditing firms performance and security
(TruSecure, Verizon, Tevora) for protection
Scalability is not a requirement 12+ years.
for single-tenant software
solution providers. Our multi-tenant model means
system performance is our #1
priority
11. LendingQB Improves Your Bottom Line
End-to-End
Lender Benefits
All Lending Activities • Reduce Annual Technology Cost
on 1 Platform from 1 of Ownership by 25% to 50%
Vendor
• Reduce Your Cost Per Loan by
CUSTOMer $250 to $400
ROI-
Service Focused • Resulting in an Estimated
We do the heavy Objective and
lifting so our Lenders measurable Annual ROI for LendingQB of
can focus on Lending results
over 6-12 Times!
12. Contact LendingQB
• View complete demonstration of platform capabilities
• Request an Enterprise Process Assessment (EPA)
• Talk to lenders currently using LendingQB
(888) 285-3912
www.lendingqb.com
info@lendingqb.com
3080 Bristol Street, Suite 550
Costa Mesa, California 92626
