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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect MeridianLink's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of MeridianLink's position in the market.
Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.07%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.07%
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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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-15.07%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
-2.29%
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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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Rhea-AI Sentiment
End-of-Day
3.31%
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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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Rhea-AI Sentiment
End-of-Day
1.36%
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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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Rhea-AI Sentiment
End-of-Day
1.93%
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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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Rhea-AI Sentiment
End-of-Day
2.83%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.6%
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MeridianLink, Inc.
NYSE:MLNK
MLNK Rankings
MLNK Stock Data
1.32B
22.10M
21.31%
73%
1.12%
Software and Other Prerecorded Compact Disc, Tape, and Record Reproducing
Manufacturing
United States of America
COSTA MESA
About MLNK
pioneering technologies for your financial institution since 1998, we have been creating innovative technologies that transform the way financial institutions operate by solving complex problems with streamlined, user-friendly solutions. our robust and secure technologies empower lenders and consumers to get reliable, accurate information every time, at any time. as well-established industry leaders, we continue to set the industry standard for web-based credit reporting and lending for financial institutions of every size.