MeridianLink, the publicly traded fintech and lending software concern, has acquired OpenClose, a fintech company that specializes in providing banks, credit unions, and mortgage lenders residential mortgage software solutions. MeridianLink stated in a filing with the Securities and Exchange Commission that it will purchase the Florida-based business for $65 million in cash. Mortgage customers of MeridianLink will now have access to Consumer Assist, a point-of-sale program from OpenClose, and clients of OpenClose will now be able to use MeridianLink’s loan pricing engine, which offers an integrated fee engine, and the ability to conduct parallel mortgage insurance pricing.
MeridianLink Acquires Mortgage Fintech OpenClose for $65M
