COSTA MESA, Calif. (7/6/10)--MeridianLink has released a new loan origination and deposit platform that supports new industry regulations and rules, with features to facilitate compliance with new amendments to Regulation Z. MeridianLink incorporates open-end lending plan tracking, identification of places and automated linking of advance requests and trigger thresholds. It provides auto-calculations and warnings for high-cost mortgage loans and for higher-priced mortgage loans to support the new rules, which are effective Oct. 1. The new platform also features a built-in rate spread calculator for Regulation C. The account-opening side offers compliance with new Regulation E requirements, which became effective Thursday. Consumers can opt in or out of overdraft services while opening a deposit account online. The system also has XpressAccounts for account opening and funding, and LoansPQ, an intelligent loan management system. MeridianLink is based in Costa Mesa, Calif.
LENEXA, Kan. (7/6/10)--Beyond Marketing LLC, a marketing credit union service organization, has established BMobile, a service that develops custom mobile websites for credit unions to offer smartphone users. “Smartphone users can’t access the information they want from a traditional website because the screen size is too large for a smartphone,” said Curtis Hays, director of strategy at Beyond Marketing. About 49.2% of Americans intend to buy a smartphone within the next two years, according to research cited by Beyond Marketing. A 2009 Pew Research Center study also said that about 19% of Americans use the Internet on a mobile device, up from 11% in December 2007. Beyond Marketing developed BMobile to help credit unions gain market share of the growing smartphone user base. “Credit unions often don’t have the budget to keep up with large national corporate banks and the technology advances available to them,” Hays said. “We have developed a solution that’s affordable and relevant.”