SAN DIEGO, CA – Jan. 29, 2025 – Mortgage Capital Trading, Inc. (MCT®), the de facto leader in innovative mortgage capital markets technology, announced today an enhanced integration with MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies.
The enhanced, fully API-driven integration improves the speed, breadth, control, and customization options of data flow for mutual mortgage lender customers. This strengthened integration is offered to mutual customers and between the firms themselves, for the good of the mortgage banking community and efficient commerce in the secondary market.
MCT’s mortgage pipeline hedging and marketplace solutions leverage timely delivery of customer origination data for optimal risk mitigation and maximized gain-on-sale. After loan bidding and commitment are completed on MCT Marketplace, customers also benefit from automated data writeback to the MeridianLink® Mortgage loan origination system (LOS) for accurate recordkeeping and efficient loan delivery.
These core competencies have long benefited mutual customers of MCT and MeridianLink®, but by transitioning to a new application programming interface (API), customers have now seen faster data flow and self-service control over the fields they share. This new integration also releases new tools in MeridianLink Mortgage to identify hedged loans more easily.
“The mortgage industry’s reliance on closed, proprietary systems is a major factor in soaring origination costs, which have jumped 35% in just the past three years,” says Chris Anderson, CAO and Head of Data Integrations at MCT. “We’re thrilled that our long-time partner, MeridianLink, shares our commitment to a more open and customer-centric approach. Together, we’re challenging the status quo to better serve our mutual clients and their borrowers.”
The new integration is available now for all new customers, with existing mutual customers already in the process of transitioning. Customers of MeridianLink Mortgage’s OpenClose™ are not affected by this change and will continue to be supported. Mortgage lenders or vendors interested in learning more about the improved integration are encouraged to schedule a consultation.
ABOUT MCT
For over two decades, MCT has been a leading source of innovation for the mortgage secondary market. Melding deep subject matter expertise with a passion for emerging technologies and clients, MCT is the de facto leader in innovative mortgage capital markets technology. From architecting modern best execution loan sales to launching the most successful and advanced marketplace for mortgage-related assets, lenders, investors, and network partners all benefit from MCT’s stewardship. MCT’s technology and know-how continue to revolutionize how mortgage assets are priced, locked, hedged, traded, and valued – offering clients the tools to perform under any market condition.
For more information, visit https://mct-trading.com/ or call (619) 543-5111.
ABOUT MERIDIANLINK
MeridianLink ® (NYSE: MLNK) empowers financial institutions and consumer reporting agencies to drive efficient growth. MeridianLink’s cloud-based digital lending, account opening, background screening, and data verification solutions leverage shared intelligence from a unified data platform, MeridianLink ® One, to enable customers of all sizes to identify growth opportunities, effectively scale up, and support compliance efforts, all while powering an enhanced experience for staff and consumers alike.
For more than 25 years, MeridianLink has prioritized the democratization of lending for consumers, businesses, and communities. Learn more at www.meridianlink.com.
MEDIA CONTACTS:
Ian Miller
Chief Marketing Officer
Mortgage Capital Trading
619-618-7855
pr@mctrade.net
Sydney Wishnow
(508) 808-9060
meridianlinkPR@clyde.us
