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MeridianLink, Inc. - MLNK STOCK NEWS

Welcome to our dedicated page for MeridianLink news (Ticker: MLNK), a resource for investors and traders seeking the latest updates and insights on MeridianLink stock.

MeridianLink, Inc. (MLNK) is a leading provider of cloud-based software solutions tailored for financial institutions, including banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies. Since its inception in 1998, the company has been at the forefront of creating innovative technologies that transform how financial institutions operate by addressing complex challenges with streamlined, user-friendly solutions.

MeridianLink's robust and secure technologies empower lenders and consumers by providing reliable, accurate information at any time. The company's commitment to innovation and excellence has established it as an industry leader in web-based credit reporting and lending solutions. MeridianLink generates its maximum revenue from its comprehensive Lending Software Solutions, which streamline the lending process from application to closing.

Recent achievements include enhancing its cloud platform with new features that further simplify the lending process and improve user experience. MeridianLink is also known for its strategic partnerships that expand its reach and capabilities, ensuring that financial institutions of all sizes can benefit from its cutting-edge solutions.

Financially, MeridianLink is well-positioned with a strong revenue base and a commitment to continuous improvement and innovation. The company's focus on customer satisfaction and product excellence ensures that it remains a trusted partner for financial institutions looking to optimize their operations.

Stay updated with the latest news from MeridianLink, Inc. to learn more about their ongoing projects, new product releases, and industry developments that impact financial institutions worldwide.

News

MeridianLink Software Helps A+ Federal Credit Union Boost Loan Volume

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MeridianLink, Inc. (NYSE: MLNK) announced that A+ Federal Credit Union has selected MeridianLink® to update its loan origination system, doubling its instant approval rates on consumer loans after adopting the MeridianLink One platform. The end-to-end digital platform enables the credit union to bundle data and technology to create enhanced member and employee experiences, streamlining its loan origination process and increasing efficiency in workflow.
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MeridianLink Announces Pricing of Secondary Offering of 6,906,015 Shares by Certain Selling Stockholders and Related Common Stock Repurchase

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MeridianLink, Inc. (NYSE: MLNK) announced the pricing of an underwritten secondary offering of 6,906,015 shares of its common stock at a public offering price of $19.00 per share. The Selling Stockholders have granted the underwriters a 30-day option to purchase up to an additional 675,000 shares. The Offering is expected to close on February 9, 2024. The Company will not receive any proceeds from the sale of the shares being offered by the Selling Stockholders. The Company intends to fund the Stock Repurchase with existing cash on hand. Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as lead book-running managers for the Offering.
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MeridianLink Announces Preliminary Unaudited Fourth Quarter Operating Results and Year-End Cash Position

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MeridianLink, Inc. (NYSE: MLNK) announced preliminary unaudited operating results for Q4 2023, including revenue of $73.5-74.5 million, net loss of $(40.0)-(20.0) million, adjusted EBITDA of $30.0-31.0 million, and cash of $80.4 million. The Board also approved a $125.0 million stock repurchase program.
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MeridianLink Announces Launch of Proposed Secondary Offering of 6,500,000 Shares by Certain Selling Stockholders and Related Common Stock Repurchase

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MeridianLink, Inc. (NYSE: MLNK) has announced a proposed underwritten secondary offering of 6,500,000 shares of its common stock by existing stockholders. The company will not receive any proceeds from the sale, and the underwriters will have the option to purchase additional shares. The Company intends to fund the concurrent Stock Repurchase with existing cash on hand. The Offering is made pursuant to an effective shelf registration statement on Form S-3, and the lead book-running managers for the Offering are Citigroup Global Markets Inc. and J.P. Morgan Securities LLC.
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MeridianLink Recognized with HousingWire 2024 Tech100 Mortgage Award

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MeridianLink, Inc. (NYSE: MLNK) has received the 2024 HousingWire Tech100 Mortgage Award for its MeridianLink® Mortgage loan origination system. The system was chosen for its industry-leading configurability, innovative borrower experience improvements, and ability to reduce origination times and costs for customers. The Tech100 program provides a comprehensive list of the most innovative and impactful organizations in the housing industry, and this year's winners have developed solutions that address long-standing challenges in the mortgage and real estate sectors. MeridianLink's recognition underscores its commitment to ongoing innovation and product excellence.
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RegCheck® by Asurity® Announces Integration with MeridianLink to Enable Enhanced Mortgage Origination Compliance

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Asurity Technologies, LLC (Ticker: ASUR) successfully integrates RegCheck, its mortgage loan compliance solution, with MeridianLink, enhancing loan compliance monitoring and reporting efficiency for financial institutions.
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MeridianLink Product Innovator Named as National Mortgage Professional 40 Under 40 Winner

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MeridianLink, Inc. (NYSE: MLNK) announced that its director of product management for MeridianLink Mortgage, David Wieczorek, has been named among the National Mortgage Professional (NMP) 40 Under 40 award recipients. Wieczorek has played a key role in shaping MeridianLink Mortgage's offerings, leading to double-digit annualized growth in active mortgage LOS customers. The platform, known for its robust and customizable workflow automation, powerful open APIs, and comprehensive suite of tools, is designed to streamline the mortgage origination process, helping lenders reduce costs and decrease time to close.
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Polly and MeridianLink Partner to Help Mortgage Lenders Improve Scale and Profitability in Today’s Market

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Polly, a leading mortgage capital markets technology provider, has announced a bi-directional integration with MeridianLink, Inc. (NYSE: MLNK), allowing lenders to access Polly's product, eligibility, and pricing options directly from within the MeridianLink environment, streamlining and enhancing internal mortgage operations.
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MeridianLink Earns Great Place To Work Certification™ for Fourth Consecutive Year

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MeridianLink, Inc. (NYSE: MLNK) has been certified by Great Place To Work® for the fourth consecutive year. The certification is based on feedback from current employees.
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MeridianLink Reports Third Quarter 2023 Results

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MeridianLink, Inc. (NYSE: MLNK) reported Q3 revenue of $76.5 million, a 7% YoY increase. Lending software solutions revenue grew by 12% YoY to $58.9 million. Operating income was $5.6 million, or 7% of revenue. Net loss was $(2.1) million, or (3)% of revenue. Cash flows from operations were $21.3 million, or 28% of revenue.
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FAQ

What is the current stock price of MeridianLink (MLNK)?

The current stock price of MeridianLink (MLNK) is $21.04 as of December 20, 2024.

What is the market cap of MeridianLink (MLNK)?

The market cap of MeridianLink (MLNK) is approximately 1.6B.

What does MeridianLink, Inc. do?

MeridianLink, Inc. provides cloud-based software solutions for financial institutions, including banks, credit unions, mortgage lenders, and consumer reporting agencies.

When was MeridianLink, Inc. founded?

MeridianLink, Inc. was founded in 1998.

What is the main source of revenue for MeridianLink, Inc.?

MeridianLink generates its maximum revenue from its Lending Software Solutions.

What types of financial institutions use MeridianLink’s services?

Banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies use MeridianLink's services.

How does MeridianLink improve the lending process?

MeridianLink offers streamlined, user-friendly solutions that simplify the lending process from application to closing, providing reliable and accurate information.

What are some recent achievements of MeridianLink, Inc.?

Recent achievements include enhancements to its cloud platform, new features for improved user experience, and strategic partnerships to expand its capabilities.

Why is MeridianLink considered an industry leader?

MeridianLink is considered an industry leader due to its innovative technologies, commitment to excellence, and the ability to transform financial institutions' operations.

What makes MeridianLink’s technologies secure?

MeridianLink’s technologies are designed to be robust and secure, ensuring reliable and accurate information for lenders and consumers.

Can MeridianLink’s solutions be used by small financial institutions?

Yes, MeridianLink's solutions are designed to cater to financial institutions of all sizes.

How can I stay updated with MeridianLink’s latest news?

You can stay updated with MeridianLink's latest news by following their official announcements and news releases on their website and financial news platforms.

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MeridianLink, Inc.

NYSE:MLNK

MLNK Rankings

#2137 Ranked by Market Cap
N/A Ranked by Dividends

MLNK Stock Data

1.60B
27.52M
22.09%
79.81%
1.12%
Software - Application
Services-prepackaged Software
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United States of America
COSTA MESA