Embers Credit Union Launches MANTL Loan Origination to Modernize Lending
Embers Credit Union has launched the MANTL Loan Origination platform as part of its ongoing partnership with Alkami Technology (Nasdaq: ALKT). The implementation aims to enhance lending automation, improve operational efficiency, and provide a streamlined experience for both borrowers and loan officers. Embers is initially using the system for credit card applications in branches before expanding it online and into other product categories like auto, personal, and recreational vehicle loans. The platform has already supported significant deposit growth at Embers, with nearly $28 million raised through MANTL's Retail Account Opening feature. The integration of lending capabilities is expected to create a unified front door for both deposits and loan origination, improving the overall customer experience while also enhancing employee satisfaction due to its intuitive interface. Embers was part of an initial development partner group that helped shape the platform’s design during its expansion into consumer lending. Alkami highlights this launch as a milestone in modernizing credit union lending practices.
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Topics: credit unions digital banking financial technology lending automation