#United States #New Jersey #Alkami #MANTL #Atlantic FCU

The Atlantic Federal Credit Union Pioneers MANTL Loan Origination Technology

In a remarkable leap towards modern banking, The Atlantic Federal Credit Union, based in New Jersey, has made history as the first credit union to integrate the MANTL Loan Origination Platform into its operations. This significant advancement in digital lending promises to transform the experience of obtaining loans for consumers by simplifying and accelerating the entire process.

A New Era for Lending

MANTL, a prominent provider of seamless loan and deposit account opening technology and part of Alkami, has equipped The Atlantic FCU with a robust platform designed to streamline loan applications. The introduction of this technology comes at a pivotal moment, as the demand for efficient digital lending solutions continues to grow.

With this implementation, The Atlantic FCU has not just launched consumer loans; it has embraced a holistic approach to account origination, integrating both loan and deposit processes. This effectively means that members can now navigate the lending landscape with ease, benefiting from the increased speed and automation that MANTL offers.

Streamlined Processes and Enhanced Efficiency

One of the platform's standout features is its ability to automate eligibility verification and membership enrollment in real-time. This innovation facilitates a seamless transition from application to funding, significantly improving operational efficiency for the credit union. By leveraging the MANTL Loan Origination Platform, The Atlantic FCU now provides a comprehensive suite of consumer loan products, including personal loans, auto loans, credit cards, and specialty vehicle loans.

As the organization expands its offerings, real estate lending, such as home equity loans and lines of credit, will soon be supported through this technology. Adam Cadmus, Chief Experience Officer at The Atlantic FCU, emphasized that MANTL's platform not only enhances the lending process but also contributes to a secure and fully automated journey for members applying for loans.

Collaborative Development for Innovation

The development of MANTL's Loan Origination solution is a product of collaboration among over ten innovative financial institutions that served as development partners. This cohort had the opportunity to provide early feedback and insight, ensuring that the final product resonates with both consumer needs and market trends. As Cadmus noted, participating in this developmental community allowed them to pool resources and expertise, contributing to a richer lending solution.

MANTL has also experienced continued growth in the loan market, previously introducing business and small business administration (SBA) loans with partners like Grasshopper Bank. As the company solidifies its reputation as a leader in the lending technology arena, enhancements to its ecosystem with best-in-class partners and integrations are also underway.

A Roadmap for Future Growth

The successful implementation of the MANTL Loan Origination Platform by The Atlantic FCU marks a significant milestone not just for the credit union, but for the financial technology landscape. Benjamin Conant, Chief Product Officer at Alkami, recognized this achievement as part of a broader vision to unify lending and deposit processes, aiming to boost growth and efficiency for financial institutions.

With MANTL leading the charge, the financial services industry can look forward to a future where consumers enjoy simplified, accelerated, and secure lending experiences. The lessons learned from The Atlantic FCU's pioneering role in adopting this technology might serve as a blueprint for other credit unions and banks striving to modernize their operations and improve customer service.

In conclusion, the move taken by The Atlantic Federal Credit Union to integrate MANTL's Loan Origination Platform is indicative of the rapid evolution of the banking sector. As these institutions embrace digital solutions, members can anticipate enhanced experiences that prioritize speed, efficiency, and satisfaction in their banking journeys.

To learn more about MANTL Loan Origination and its capabilities, visit MANTL's website.