Making business lending simple for every Credit Union
MBLConnect offers an industry-changing pre-underwriting solution that improves member experiences, increases speed, reduces risk, and creates new revenue streams for credit unions.
MBLConnect is the revolutionary pre-underwriting, risk and credit monitoring platform that is changing SMB lending
Reduce
Risk Considerably
from underwriting and documentation, to servicing and special assets
In the current economic environment, the SMB credit request flood is rising rapidly. Can you handle the demand?
Manually, credit unions (CUs) can’t handle the demand. The processing for these applications is cumbersome, time-consuming, and extremely expensive. For years, business lending has been too intimidating and complex for most CUs. MBL wants to change that for credit unions and their members.
MBL is making it easier than ever for every credit union to participate in business lending.
Have more qualified member opportunities at your fingertips within minutes
Reduce processing costs by 10X the current values. Reduced time means reduced costs. Lower costs mean being able to say yes more, even to loans under 100k.
Expedite the information gathering process with Direct Accounting System Integration. Integrating directly to an SMB’s accounting system to a platform for pre-underwriting increases the speed of data collecting, while also making credit decisioning easier. Rapid Data Financial Information acquisition relieves a credit union from having to ask too many questions and relieves an SMB from scrambling to find the information. Business lending decisions that used to take days or weeks can now be done in minutes.
Credit unions ability to participate in SMB lending is key to member relationships. In addition to the technology, the MBL Connect Portal is extremely user-friendly for both the member and the credit union.
For years, business lending has been too intimidating and complex for most CUs. MBL wants to change that for CUs and their members.
Current SMB loan applications are onerous. The processing for these applications is cumbersome, time-consuming, and extremely expensive. Due to this, over 75% of loan applications are abandoned. Even when completed, the majority of SMB loan applications are under $100,000, but with underwriting costs hovering at $4,000, these small loan requests are difficult to approve.
- forms have too many questions
- questions take time to locate the answers
- forms are difficult to complete quickly
- the processes is spread out over days with constant phone calls and emails
To participate in a pilot of our product, please click below to start your journey toward the new change of business lending today.