NEW YORK — Xactus has acquired Mortgage Credit Link from MeridianLink in a deal aimed at expanding Xactus’ role in mortgage verification and workflow technology.
Financial terms of the acquisition were not disclosed.
Mortgage Professional reported that Mortgage Credit Link, known as MCL, operates a web-based order fulfillment hub for credit and verification data used by about 25 consumer reporting agencies, many of which compete directly with Xactus. While Xactus operates on proprietary technology, the report said many smaller consumer reporting agencies and resellers rely on third-party platforms such as MCL.
Under the acquisition, MCL will be rebranded as XedaLink and continue operating as an independent subsidiary of Xactus.
‘Destination Platform’
According to Mortgage Professional, XedaLink will maintain its current client and partner relationships while gaining access to Xactus’ infrastructure and technology platform.
“Xactus has proven to be a destination platform for customers, employees and businesses,” Jason Barg of Lovell Minnick Partners said in a statement reported by Mortgage Professional. “This acquisition further strengthens the company’s position as a scaled, technology-enabled partner helping lenders navigate increasing complexity.”
Mortgage Professional reported that Xactus views the acquisition as part of a broader strategy to create a connected verification ecosystem that enables lenders to access multiple data and verification services through integrated workflows.
“As the market continues to evolve, so must the way we support it,” Perry Steiner said in a statement. “With XedaLink, we are building on that foundation to deliver greater access and impact across the ecosystem.”
The report said the transaction comes as mortgage lenders increasingly evaluate how verification vendors fit into broader modernization efforts surrounding loan origination, underwriting automation, evolving credit models and operational efficiency initiatives.
Ongoing Consolidation
Mortgage Professional also noted the acquisition reflects ongoing consolidation trends within mortgage technology and verification services, as providers seek to position themselves as integrated workflow and decisioning platforms rather than standalone vendors.
Xactus said XedaLink will continue operating within its existing framework to minimize disruption for current clients while benefiting from additional investment and scale, according to the report.
