LoansPQ Reviews & Product Details

LoansPQ Overview

What is LoansPQ?

LoansPQ is a flexible and scalable consumer loan management solution that satisfies your customers’ loan requests right away while simplifying and streamlining back-end loan processing for your staff.

LoansPQ Details
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Product Description

LoansPQ is a flexible and scalable consumer loan management solution that satisfies your customers’ loan requests right away while simplifying and streamlining back-end loan processing for your staff.

Seller Details
Seller
MeridianLink
Company Website
Year Founded
1998
HQ Location
Costa Mesa, CA
Twitter
@meridianlink
141 Twitter followers
LinkedIn® Page
www.linkedin.com
354 employees on LinkedIn®
Tyler G.
TG
Overview Provided by:
Tyler Garland
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LoansPQ Reviews

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Michelle C.
MC
Software Support Specialist
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

It is a solid system, easy to use for both the applicant and finance manager. It streamlines our finance process so that we are not using multiple systems. We have many dealers that use LoansPQ. I appreciate that they keep adding updates and integrations with new vendors and plugins. Review collected by and hosted on G2.com.

What do you dislike?

The decisions engine is limited. We'd also like to see the ability to add customizations like a field or question without having to contact Support. On that note, the Support team is very responsive. It just seems that the system is a bit inflexible without custom coding Review collected by and hosted on G2.com.

Recommendations to others considering the product:

Check to make sure they have all of the integrations that you need. For example, they do not integrate with RoutOne. Changing your current processes may be necessary but the system is easy to use and definitely a time saver Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

We have made the finance process more efficient, which makes for a better experience for customers. Review collected by and hosted on G2.com.

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Alexandria M.
AM
MCCM Intern
Pharmaceuticals
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

It is easy to complete a whole application in a short amount of time. Everything you need is right in the system and easy to access. Review collected by and hosted on G2.com.

What do you dislike?

We recent had issues with responses (dates entered, yes/no questions) saving in the system. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Filling out a complete application with clients in a short period of time. It also helps avoid missing required portions of the application Review collected by and hosted on G2.com.

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UB
Mid-Market(51-1000 emp.)
Validated Reviewer
Verified Current User
Review source: Invitation from G2
What do you like best?

I like how it takes you through the workflow of the application with ease. Review collected by and hosted on G2.com.

What do you dislike?

I dislike the slow response at times, and it freezes up a bit too often. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

All of our loans and new accounts are opened with this. Review collected by and hosted on G2.com.

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IF
Mid-Market(51-1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

I like that I have all of the applicants in one view. I can see what I need to work on and set reminders. Review collected by and hosted on G2.com.

What do you dislike?

The software is not intuitive at all, but it is a useful database/project management system. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I assist users that manage credit applicants Review collected by and hosted on G2.com.

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UB
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

All in one integrated solutions it keeps information easy tonupdate Review collected by and hosted on G2.com.

What do you dislike?

Complicated to adapt to company specifics in communication with other systems Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Simple, integrates loan origination, core processing and internal banking software i Review collected by and hosted on G2.com.

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IB
Enterprise(> 1000 emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

This loan origination system provides flexibility for consumer data at less cost, and it is easy to perform any workflows. Review collected by and hosted on G2.com.

What do you dislike?

It is complicated for first time user and hard to find the data while trying to pull data for reports. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

I use loan service data on day to day basis to find the consumer information and how many applications have been added on all consumer products like credit card, Auto-indirect and direct etc.,

We use this origination system to populate all of our consumer product application information. Review collected by and hosted on G2.com.

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UF
Small-Business(50 or fewer emp.)
Validated Reviewer
Review source: Invitation from G2
What do you like best?

Customer service was great. Willing to work with you on payments. Review collected by and hosted on G2.com.

What do you dislike?

Interest rate was high and the initial process to apply was long. Review collected by and hosted on G2.com.

Recommendations to others considering the product:

If you have other options for loans I would check around for rates. Review collected by and hosted on G2.com.

What problems are you solving with the product? What benefits have you realized?

Access to funds for start up and fluid funds available. Review collected by and hosted on G2.com.

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LoansPQ User Ratings

7.3
Ease of Use
Loan Origination Average: 8.2
9.3
Quality of Support
Loan Origination Average: 7.9
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