MeridianLink
MeridianLink, Inc. is a cloud-based technology company that provides web-based solutions for the financial sector, particularly for banks, credit unions, mortgage lenders, and consumer reporting agencies. Founded in 1998 and headquartered in Costa Mesa, California, the company offers a range of products including XpressAccounts for account opening and funding transactions, LoansPQ for consumer loan management, CreditAPI for credit report access, and Mortgage Credit Link for consumer data verification. Additionally, MeridianLink provides consulting services through MLX, which delivers outsourced solutions and data management, as well as MLX Insight, a business intelligence tool designed for users of its platforms. The company aims to streamline loan decision-making and customer collection processes, catering primarily to the needs of financial institutions.
Openclose.com
Acquisition in 2022
Openclose.com is a provider of a residential lending and mortgage management platform that automates various business channels and workflows in the mortgage industry. The platform facilitates electronic loan applications and integrates credit data and mortgage insurance approval certificates, thereby streamlining the loan manufacturing process. By leveraging this technology, Openclose.com helps its clients reduce both the costs associated with loan production and the time required for processing and underwriting, enhancing overall operational efficiency.
StreetShares
Acquisition in 2022
StreetShares, Inc. operates a peer-to-peer small business lending marketplace that connects small business owners with retail and institutional investors. Founded in 2014 and based in Reston, Virginia, the company provides a lending-as-a-service platform that enables community banks and credit unions to offer small business loans efficiently. Its product offerings include term loans, business bonds, and both secured and unsecured small business loans. The platform supports financial institutions in delivering loans with a streamlined, digital experience, featuring rapid underwriting processes. StreetShares has gained recognition for its innovative approach in the financial technology sector, facilitating greater access to capital for small businesses.
StreetShares
Acquisition in 2022
StreetShares, Inc. operates a peer-to-peer small business lending marketplace that connects small business owners with retail and institutional investors. Founded in 2014 and based in Reston, Virginia, the company provides a lending-as-a-service platform that enables community banks and credit unions to offer small business loans efficiently. Its product offerings include term loans, business bonds, and both secured and unsecured small business loans. The platform supports financial institutions in delivering loans with a streamlined, digital experience, featuring rapid underwriting processes. StreetShares has gained recognition for its innovative approach in the financial technology sector, facilitating greater access to capital for small businesses.
Saylent
Acquisition in 2021
Saylent Technologies, Inc., established in 2006 and headquartered in Boston, Massachusetts, specializes in developing and delivering debit card portfolio management products and analytics software to financial institutions. The company offers three key solutions: Saylent Engage, an automated, machine learning-based tool that identifies revenue-driving opportunities; Saylent Reward, which analyzes customer financial activities to enable dynamic product offerings; and Saylent Explore, transforming transaction data into actionable behavioral insights and fraud detection. These solutions are available through a cloud platform and distribution partnerships with processors and core platform suppliers in the UK and internationally, serving banks, credit unions, and financial service providers.
Teledata Communications
Acquisition in 2020
Teledata Communications, Inc. specializes in providing semi-customizable, cloud-based software solutions as a service (SaaS) for various lending processes in the United States. The company is known for its DecisionLender platform, which automates the origination of consumer loans across multiple categories, including automotive and retail loans. Teledata also offers an online lending consumer portal that allows users to submit loan applications from various devices. The software features a modular architecture that enables lenders, such as banks, credit unions, and finance companies, to tailor their systems to specific lending criteria and workflows. This flexibility helps improve loan processing efficiency while ensuring compliance with security regulations. Founded in 1982 and based in Islandia, New York, Teledata Communications operates as a subsidiary of MeridianLink, Inc.
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