Preheat your oven 350°F (175°C).
In a large mixing bowl, combine the ground beef, tortilla chips, onion, bell pepper, whisked eggs, Rotel tomatoes, corn, taco seasoning, and 1 cup of shredded cheese. Mix the ingredients together just enough to combine them, being careful not to over-mix the meatloaf mixture.
Transfer the meatloaf mixture into a 9x5-inch loaf pan and shape the loaf, leaving a well around the edges. This allows the fat to drain off during cooking.
Bake the meatloaf at 350°F (175°C) for 50 minutes. Then, take it out of the oven and top it with red taco sauce (optionally) and the remaining 1/2 cup of cheese. Place it back in the oven and continue cooking for an additional 10-15 minutes, making it a total of 60-65 minutes of cooking time. Ensure the meatloaf reaches an internal temperature of 160°F (71°C) before serving.
Remove it from the oven and loosely tent it with a sheet of aluminum foil. Let the meatloaf rest for 10 minutes before slicing and serving. This resting period allows the flavors to settle and the juices to redistribute, resulting in a more tender and flavorful meatloaf.
Garnish with the chopped cilantro.
Serve and enjoy!