Customer
September 7, 2023
Meridian and FundMore partner to create a seamless mortgage experience for Canadians
Ontario's largest credit union selects FundMore's state-of-the-art LOS as part of its lending transformation journey.
OTTAWA, ONTARIO, CANADA — FundMore, an industry-leading fintech company focused on modernizing lending, is proud to announce that Ontario's largest credit union, Meridian Credit Union, has selected its state-of-the-art Loan Origination System (LOS) as part of its lending transformation journey. The announcement comes on the heels of FundMore launching two other major enterprise lenders in Canada.
Historically, lenders have relied on in-house or legacy software to originate mortgages. FundMore's AI-enhanced LOS disrupts this tradition by deploying a cloud-native, user-friendly, and technologically advanced LOS tailored to enhance the lending experience, making it more efficient, accurate, and streamlined. As part of the Meridian LOS launch, FundMore is building additional tools to provide retail lending clients with a more holistic loan management package.
“Our latest partnership with Meridian Credit Union continues to demonstrate that Canadian credit unions are leading the way by putting their members and borrowers first with cost-effective, transparent solutions that reduce friction during the underwriting process. Meridian's member-centric view complements FundMore's technology mission.”
Chris Grimes, CEO of FundMore
“Partnering with FundMore will help deliver on our Meridian for Good strategy by simplifying our processes and technologies and enabling innovation in our consumer lending products. Digitizing our mortgage application process will result in a more user-friendly and efficient experience for our Members, who will benefit from faster decision-making.”
Allison VanRooijen, VP of Consumer Credit, Meridian
FundMore will now optimize Meridian's lending process by reducing processing time per file, decreasing the frequency of errors, and enabling management to measure ROI. Meridian selecting FundMore's LOS paves the way for more technological innovations in the credit union industry.
Media inquiries
For press and interview requests, reach us at 647-363-6336.