Publicly traded lending software firm MeridianLink has acquired OpenClose, a fintech company that specializes in residential mortgage software solutions for banks, credit unions and mortgage lenders.

In a statement filed with the Securities and Exchange Commission, MeridianLink said it would pay $65 million in cash to buy the Florida-based company.

“Combining the strengths of our organizations is great for the industry as we further enable our customers to deliver fast, frictionless mortgage lending experiences, from application through closing,” Nicolaas Vlok, CEO of MeridianLink, said in a statement.

As part of the integration, MeridianLink’s mortgage customers will be details ⇒

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