Benjamin Conant, MANTL’s co-founder and chief technology officer, said customers applying for a deposit account will be able to receive real- time, pre-approved loan offers at the point of sale, and then progress to a fully funded loan within seconds in the same session.

“The ability to enhance cross-sell opportunities, deliver instant value, and deepen customer and member relationships are endless,” Conant said.
MANTL entered the loan origination market in early 2024 with the launch of a digital Small Business Administration (SBA) loan application that was built in partnership with Grasshopper Bank. In June, Grasshopper launched the application, which is designed to allow small business owners to get pre-qualified for an SBA 7(a) loan at Grasshopper Bank in less than 10 minutes.

Callahan & Associates of Washington, D.C. collects data on vendors, including those for consumer loan origination systems. As of Sept. 30, Callahan's Peer Suite lists 719 credit unions with loan origination systems from 43 vendors. MANTL was not listed among them.

Callahan shows six vendors had 86% of assets and 69% of the contracts among the 719 credit unions. These credit unions held $741.1 billion in loans on Sept. 30, or 45% of all credit unions loans. They were:

• The 287 credit unions using MeridianLink Consumer as their consumer loan origination platform in the third quarter had 47% of loan balances and 40% of the contracts among the 719 credit unions. These credit unions held $402.5 billion in loans on Sept. 30, or 24.5% of all credit unions loans.
• The 33 credit unions using Temenos: Infinity as their consumer loan origination platform in the third quarter had 13% of loan balances and 5% of the contracts among the 719 credit unions. These credit unions held $108.3 billion in loans on Sept. 30, or 6.6% of all credit unions loans.
• The 66 credit unions using Origence: arc OS as their consumer loan origination platform in the third quarter had 9% of loan balances and 9% of the contracts among the 719 credit unions. These credit unions held $81.2 billion in loans on Sept. 30, or 4.9% of all credit unions loans.
• The 35 credit unions using Fiserv: Velocity as their consumer loan origination platform in the third quarter had 6% of loan balances and 5% of the contracts among the 719 credit unions. These credit unions held $52.4 billion in loans on Sept. 30, or 3.2% of all credit unions loans.
• The 11 credit unions using CRIF Digital Next as their consumer loan origination platform in the third quarter had 6% of loan balances and 2% of the contracts among the 719 credit unions. These credit unions held $50.4 billion in loans on Sept. 30, or 3.1% of all credit unions loans.
• The 67 credit unions using Enhanced Loan Application (ELA) - Symitar/JHA as their consumer loan origination platform in the third quarter had 5% of loan balances and 9% of the contracts among the 719 credit unions. These credit unions held $46.4 billion in loans on Sept. 30, or 2.8% of all credit unions loans.