Creating End-to-End Cloud-Based Loan and Account Origination Program for Financial Institutions

DocuSign Electronic Signature Service and MeridianLink Application Service Provider Closes the Final Mile of Online Loan Origination and New Account Process

We're excited to announce a partnership with MerdianLink, the leading application service provider for financial institutions. Including DocuSign's electronic signature management service to MerdianLink's web-based consumer loan origination and account opening solution platform (LoansPQ and Xpress Accounts) closes the loop in the loan funding and account opening completion process. You can get the final integrated offering the includes electronic signature from MeridianLink now!

Doug Glagola, vice president at MeridianLink, explains how DocuSign extends MeridianLink's platform, enabling the entire process to be conducted in the cloud:

With the success financial institutions are experiencing with their investment in online lending and account opening capabilities and the millions of loans and accounts now being originated online, it seemed only natural to also finalize and close the transaction online. With DocuSign, the entire process can be conducted seamlessly in the cloud—eliminating paper, hassles and wasted time. DocuSign is the final mile in completing the loan process.

MeridianLink's platform, an online application, instantly generates pre-qualified loan decisions for all types of consumer loans and generates new accounts for all types of deposit accounts. Commercial loan origination and deposit accounts are also available. MeridianLink's platform fully integrates loan origination and account opening, core processing and internal banking software in almost any configuration to produce a fully paperless lending and account opening program for any financial institution. Now with the integration of DocuSign electronic signature services within the MeridianLink platform, online transactions can be originated, approved, signed and funded without interruption. DocuSign finalizes the process by offering financial institutions and borrowers the convenience to electronically sign and complete the final mile of the process all within the MeridianLink workflow.

Just as the MeridianLink platform has transformed how loans and new deposit accounts are originated and processed, electronic signatures are further transforming these transactions so they are conducted entirely in the cloud. By moving loan and deposit account document signing into the cloud, financial institutions can leverage the time and cost efficiencies of cloud computing while gaining real-time insight into the signing process. And, through the integration of the DocuSign electronic signature platform, MeridianLink financial institution customers have complete real-time visibility into the entire process.

Dave Thorpe, market director at DocuSign, explains what integrating the DocuSign electronic signature solution into the MeridianLink platform means for banks and credit unions:

More than 450 banks and credit unions have currently deployed the MeridianLink platform. With the integration of the DocuSign electronic signature service, we anticipate an accelerated adoption of the MeridianLink automated loan and account opening solution. DocuSign is excited to align with MeridianLink and we look forward to collaborating with them to further extend the power of the DocuSign electronic signature platform and the MeridianLink's platform in streamlining the loan and account opening process, reducing costs and ensuring the continued success of our joint customers.