Originating a Personal Loan (PL) Meridian Link Modern Experience

Created by Tony Sanches, Modified on Mon, Jul 1, 2024 at 12:17 PM by Tony Sanches

On the global menu bar, click New App > Personal.
1. The system automatically assigns an application number.
In the Loan Information section, in Branch, select the branch.
1. Optionally, in Officer and Processor, select the applicable names.
In Personal Loan Type, select Personal.
In Purpose Type, select the applicable type.
1. The available options are based on your system setup.
If applicable, select Line Of Credit.
If applicable, select Overdraft.
In Amount Requested and Loan Term, type the amount and term.
1. If you selected Line of Credit, the Loan Term field is not available because it's not applicable.
2. Optionally, in Description/Reason for loan, type the applicable details.
If you selected Other in Purpose Type, a description or reason is required.
In the Primary Applicant section, depending on your system setup, perform one of the following actions:
To automatically import applicant information from your loan origination system, in Member Number, type the member number and press Tab.
To automatically import applicant information from your loan origination system, in SSN, type the applicant's SSN and press Tab.
To view and import applicant information from your core system, type the member number or SSN, and then click Core Lookup.
Click Import.
In the Primary Applicant section, enter all required and applicable information that was not automatically imported.
Click View Accts to view a snapshot of the accounts the applicant has with your financial institution.
1. Optionally, if your system is set up to import assets from your core, select the account and click Import Selected Shares As Assets.
2. Here is an example. Your results might be different, depending on your core integration setup.
In the Current Housing section, enter all required and applicable information.
If the system did not automatically verify the address, click Verify to manually verify the address.
If you need to modify the address, click Select Address and select the address.
In the Employment section, enter all required and applicable information.
In the Income section, enter all required and applicable information.
If applicable, click Add Additional Income, enter the information, and then click Add.
In the Expenses section, enter all required and applicable information. If the system added expense details, verify the information.
In the Identification section, enter all required and applicable information. If the system added expense details, verify the information.
In the References section, enter all applicable information.
If applicable, add a co-applicant or joint applicant.
If applicable, in the Assets section, add or edit the assets.
For unsecured loans, this section is usually not completed. However, follow your financial institution's policies and procedures regarding adding assets for unsecured loans.
If your system uses custom questions, in the Additional Applicant Info section, enter all required and applicable information.
Click Order Credit and Save.
The system orders credit and opens the Product Information list so you can select your products.