Xactus Expands Its Portfolio with XedaLink through MeridianLink Acquisition

In a significant strategic move, Xactus, a premier fintech leader specializing in verification solutions for the financial industry, has announced its acquisition of Mortgage Credit Link™ (MCL) from MeridianLink. This acquisition leads to the establishment of a new subsidiary named XedaLink™, which stands as an independent entity under the Xactus umbrella. This transition marks a pivotal step in Xactus's commitment to evolving technology capabilities while allowing lenders the flexibility they need in a continuously transforming verification environment.

The mortgage and financial services sectors are currently navigating unprecedented changes, including the evolving profiles of borrowers, fluctuating regulatory landscapes, and complex data requirements. As these challenges intensify, lenders are increasingly seeking solutions that provide both reliability and flexibility in their processes for assessing and verifying consumer information.

By integrating XedaLink into its offerings, Xactus aims to bolster its position in the market by catering to a diverse range of client needs. XedaLink will continue to function within its existing framework, offering seamless service to its clients and partners, all while leveraging the extensive infrastructure and investment capabilities of Xactus. This approach not only preserves operational continuity but also minimizes disruptions, ensuring long-term innovation and service delivery.

According to Perry Steiner, Founder and CEO of Xactus, this acquisition is a strategic response to the evolving market demands. He stated, "As the market continues to evolve, so must the way we support it. With XedaLink, we are building on that foundation to deliver greater access and impact across the ecosystem."

Shelley Leonard, President of Xactus, emphasized the importance of adaptability in solutions for their clients, stating, "Our clients need solutions that are connected and adaptable to how they operate. Adding XedaLink as an independent subsidiary allows us to continue delivering greater flexibility, optionality, and value for our clients."

Xactus’s broader objective is to create a connected ecosystem that encompasses capabilities supporting lenders throughout the lifecycle of a loan while maintaining their choice in engagement approaches. The combination of scale and specialization aims to provide solutions that are agile, transparent, and tailored to the demands of a dynamic lending environment.

The transaction has been supported by legal advisors Kirkland & Ellis and McDonald Hopkins for Xactus, with JP Morgan facilitating the financing. MeridianLink acquired guidance from Raymond James and King & Spalding, though specific financial terms of the transaction remain undisclosed.

About XedaLink

XedaLink, formerly Mortgage Credit Link, serves as a web-based fulfillment hub specializing in the streamlining of credit and verification data ordering from application to closing. This platform is geared to enhance operational efficiencies in the financial services sector.

About Xactus

As a trailblazer in verification innovation, Xactus is redefining verification processes across the financial services landscape. The company’s flagship platform, Xactus360, utilizes advanced data analytics and technology solutions to enable organizations to enhance decision-making speed and accuracy while minimizing operational excess. Xactus is dedicated to advancing automation and innovation to modernize verification and improve outcomes in complex decisioning environments.

For more detailed information about the acquisition and insights into the Xactus360 platform, visit xactus.com. For media inquiries, please reach out to [email protected]