Account origination solutions provider Mantl is adding consumer and business loan origination technology to its platform. 

The solution, Mantl Loan Origination, automates up to 100% of the loan application and decisioning process for personal and business loans. The solution integrates with all major core banking systems and combines account opening with loan origination on one platform, according to a Dec. 11 Mantl release. 

“The expansion into loan origination has always been on Mantl’s product roadmap,” Nathaniel Harley, co-founder and chief executive, told Bank Automation News. 

Approvals in under 10 minutes

The tech provider began loan originations earlier this year with a digital Small Business Administration loan application it built with $835 million Grasshopper Bank. The solution enables Grasshopper to approve SBA 7(a) loans in less than 10 minutes, Harley said.  

Grasshopper has been working with Mantl on digital deposit account opening since 2017, and adding the loan origination capability has been the long-term combined effort of the two companies, Chris Tremont, chief digital officer at Grasshopper, told BAN.  

“We soft-launched this digital loan offering in Q2 2024 together, and now we are expanding that rollout to serve the growing number of businesses looking to obtain an SBA loan through online channels,” he said.  

A second phase of the digital loan origination platform for Grasshopper clients, which will offer a conventional small business loan, is expected to launch with Mantl in the first quarter of 2025, Tremont said. 

Integrating the tech

With Grasshopper’s digital loan origination platform underway, other Mantl clients can now tap the loan origination technology to scale their business and consumer loan growth all on one platform, Harley said.  

The solution for small-to medium-sized businesses is available now and the consumer direct loan capabilities will launch in 2025, Harley said. 

Other existing Mantl clients, including $9.6 billion ConnectOne Bank, view this as “a natural progression for Mantl and their product offering,” ConnectOne Chief Digital Officer Ali Mattera told BAN. 

Mantl Loan Origination offers: 

• Higher conversion and approval rates based on data-driven decisions; 

• Cross-selling opportunities based on real-time consumer insights; 

• Personalized lending decisions; and 

• Fraud mitigation throughout the preapproval process.  

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