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MeridianLink Mortgage Pricing, Features, Reviews and Alternatives

MeridianLink Mortgage product overview

What is MeridianLink Mortgage?

MeridianLink Mortgage, formerly known as LendingQB, is a loan origination solution designed to help organizations streamline processes for mortgage lending. The platform comes with a rules-based engine, which enables users to automate various operations, including underwriting, product pricing, closing cost generation, and more.

Key benefits of using MeridianLink Mortgage

MeridianLink Mortgage facilitates real-time communication between lenders and borrowers and allows multiple users to access and edit loan files simultaneously.

The solution offers a host of features such as credit report parsing, historical pricing, notifications, automated costing, application monitoring, POS vendors, and more.

The TPO portal enables third-party originators to upload and create loan requests, run automated underwriting systems, and monitor applications throughout the pipeline. The platform also includes an eDocs module, which allows administrators to gather, share, edit, and combine loan application documents.

Typical customers

Freelancers
Small businesses
Mid size businesses
Large enterprises

Platforms supported

Web
Android
iPhone/iPad

Support options

Knowledge Base
Email/Help Desk
Chat
Phone Support

Training options

In Person
Documentation
Live Online
Videos
Webinars

MeridianLink Mortgage features

Functionality

4.0

/5

13
Total Features20 2 categories

Most valued features by users

API
Compliance Management
Third Party Integrations
Alerts/Notifications
Workflow Management
Alerts / Escalation
Historical Reporting
Configurable Workflow

Functionality contenders

Qualia
Functionality
#1
Floify
Functionality
#2
Mortgage Automator
Functionality
#3
MeridianLink Mortgage
Functionality
#4

MeridianLink Mortgage users reviews

Overall rating

4.5

/5

13

Positive reviews

92%

Write a review
Rating breakdown
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8.69/10
Rating distribution

5

4

3

2

1

7

5

1

0

0

Pros
LendingQB is a great partner, making customer service a priority. They’ve got an awesome and talented team – open to feedback and suggestions for improvement.

VK

Veronika K.

Great, easy to use reporting, customer support reps are extremely responsive & helpful, support site is excellent, many features are customizable through workflow rules.

AP

Alicia P.

Web-based, seamless integrations, amount of integrations, ease of use, excellent support staff, very little system downtime, asking for our feedback regularly and continuously improving of the system.

JB

Josh B.

Cons
Lack of business rules that can control auto firing of field.

BA

Belinda A.

Lack of developers with LQB experience out in the field.

BA

Belinda A.

Weak with compliance features. Lack of ability to customize.

BA

Belinda A.

Overall rating contenders

MeridianLink Mortgage
Overall rating
#1
Qualia
Overall rating
#2
Floify
Overall rating
#3
AutoPal Software
Overall rating
#4
Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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LQB is ready for the Prime Time

Reviewed 2 years ago

LQB has enabled our sales staff to spend more time on the road being face to face with clients rather than being in the office to access or systems. My experience with LQB has been nothing short than stellar. The support staff is super friendly and always answers the phone in a good mood.

Pros

I like that it was a SaaS based service and completely hosted by them. Typically a SaaS based service that holds sensitive material is massive security hole. However, considering that LQB is a product of MeridianLink I can rest easy that our data is secure. Their integrations with vendors is top shelf and allows us to focus on bringing in more business rather than testing and implementing integrations. We used to be a report based company and now we are a queue based company. Being able to create custom Queues for our staff has almost eliminated our daily reports that we send out.

Cons

Because LQB is a SaaS based service we sometimes have to play within their walls. Most of the time its not a bad thing but there are times we have create a work around to complete the task we want. Not that big of a deal really.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend8/10

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LendingQB Review

Reviewed 2 years ago

It has been a very good experience all the way from implementation until now. Very receptive to feedback and are willing to work with us on finding a solution to any problems we have. Constantly trying to make the product better.

Pros

Web-based, seamless integrations, amount of integrations, ease of use, excellent support staff, very little system downtime, asking for our feedback regularly and continuously improving of the system.

Cons

Reporting, workflows, conditions/tasks, notifications, and audit could all be better. More granular control over the permissions and accesses to certain pages and functions in the system. Standard consumer portal is very dated.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend3/10

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ClearEdge Lending

Reviewed 2 years ago

Satisfactory. There are some extremely talented people at the company!

Pros

We implemented in 45 days which is unheard of. There is a beauty in its simplicity, however it just doesn't have enough features for us to effectively manage our loans without developer intervention.

Cons

Lack of business rules that can control auto firing of field Rigidity in reporting Weak with compliance features Lack of ability to customize Too many screens Not enough control over settings (have to go to LQB for a lot of things we would like to be able to manage ourselves) Lack of developers with LQB experience out in the field

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend9/10

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Fully Customizable Loan Origination System

Reviewed 2 years ago

LendingQB has enabled our company to run much more efficiently by pushing the file through the system with milestone and status updates. Departments can move through files much quicker, with the with assurance of accuracy due to workflow rules that we have in place.

Pros

The ability to fully customize processes, implement workflow rules, and fully integrate with most vendor systems is what I like most about LendingQB

Cons

Customer Support is often days or weeks to respond to building batch reports or trouble-shooting problems.

Overall Rating
  • Value for money
  • Ease of use
  • Features
  • Customer support
  • Likelihood to recommend10/10

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LendingQB - 2 thumbs up!

Reviewed 2 years ago

LendingQB has allowed us to increase our efficiency through vendor integrations - from the POS to pricing engine to processing services to document generation. It has allowed us to maintain a remote workforce due to the ease of paperless workflow and productivity reports. Easy to train originators on.

Pros

Great, easy to use reporting, customer support reps are extremely responsive & helpful, support site is excellent, many features are customizable through workflow rules. Cloud-based so no need to download any software or connect to a server. Support also has a "feature suggestion" queue. LQB is consistently updating features to keep pace with agency and government product changes. Many integrations across the spectrum of vendor types.

Cons

Although users are restricted based on their individual or role permissions, there is no warning alert or lock-out feature if more than one user is in the file at the same time.

MeridianLink Mortgage FAQs and common questions

MeridianLink Mortgage has the following typical customers:
Large Enterprises, Mid Size Business, Public Administrations, Small Business


MeridianLink Mortgage supports the following languages:
English


Yes, MeridianLink Mortgage has an API available for use.


MeridianLink Mortgage integrates with the following applications:
Floify, Maxwell


MeridianLink Mortgage offers the following support options:
Knowledge Base, Email/Help Desk, Chat, Phone Support

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