| Market Capitalization (Millions $) |
1,530 |
| Shares
Outstanding (Millions) |
76 |
| Employees |
682 |
| Revenues (TTM) (Millions $) |
324 |
| Net Income (TTM) (Millions $) |
-22 |
| Cash Flow (TTM) (Millions $) |
-2 |
| Capital Exp. (TTM) (Millions $) |
7 |
Business Description
We are an industry-trusted software and services provider with over 23 years of experience serving financial institutions such as banks, credit unions, mortgage lenders, specialty lending providers, and consumer reporting agencies ("CRAs"). MeridianLink enables our customers to accelerate their digital transformation and better serve their customers. With our mission-critical lending, account opening, and data verification software solutions, we help our customers digital transformations by assisting them in creating a superior client experience. Our solutions enable our customers to meet the needs of their clients across the institution, resulting in increased client acquisition and retention. Furthermore, our solutions enable our customers to operate more efficiently.
Our lending software solutions provide a fully digital workflow for our customers, extending from their clients' initial account opening applications to our customers' final extension of credit and, where necessary, collections activity. We enable our customers to offer a wide array of products and services to new and existing clients, replacing traditional manual processing and less nimble in-house solutions. Our solutions address nearly all categories of consumer lending, including mortgage, credit card, personal, auto, home equity, and small business loans, and provide the software tools and data necessary to deliver automated decisioning.
Our data verification software solutions enable our customers to service their clients and make smarter business decisions by retrieving verification data for credit, income, employment, property, and fraud prevention. Mortgage Credit Link is a versatile, stable, and powerful web-based fulfillment hub for consumer data verification. To capitalize on the credit bureaus and other available sources, financial institutions of all sizes turn to MeridianLink to optimize scoring attribute and data management. Instead of investing in wasted development time, customers connect to a single API to access credit and verification data from dozens of resellers and service providers.
When it comes to background screening, MeridianLink customers can leverage their TazWorks software as a comprehensive screening software solution with productivity and mobile engagement tools. The TazCloud platform provides a comprehensive technology solution for the background screening industry with a powerful suite of background screening applications, integrations, and advanced business intelligence tools to help customers make better decisions about their business.
We offer our software solutions using a software-as-a service, or SaaS, model under which our customers pay subscription fees for the use of our solutions and typically have multi-year contracts with an initial term of three years. Our customer contracts are typically not cancellable without penalty. Our subscription fee revenues include annual base fees, platform partner fees, and, depending on the solution, fees per search, per loan application, or per closed loan (with some contractual minimums based on volume) that are charged on a monthly basis, which we refer to as volume-based fees. We seek to deepen and grow our customer relationships by providing consistent, high-quality implementations and customer support services which we believe drive higher customer retention and incremental sales opportunities within our existing customer base. We plan to continue investing in migrating our non-legacy lending and data verification software solutions onto a single platform resident in a public cloud and driving product development to further increase customer cross-selling and retention. We believe that our increased focus on our go-to-market strategy and partnerships will drive incremental opportunities for revenue and accelerate customer cross-sell growth.
Company Address: 1 Venture Irvine 92618 CA
Company Phone Number: 708-6950 Stock Exchange / Ticker: NYSE MLNK
|
0.000%
81.76 %