Parker Representative's questions to MeridianLink Inc (MLNK) leadership • Q3 2024
Question
A representative for Parker inquired about the drivers behind the high single-digit growth from Annual Contract Value (ACV) release and asked for an update on the timeline for a recovery in the mortgage market.
Answer
President Larry Katz clarified that the strong ACV release was driven by prior-period bookings growth and stable service delivery times, not an acceleration in processes. CEO Nicolaas Vlok addressed the mortgage market, stating that volumes are at "generational lows" and a meaningful recovery would require mortgage rates to fall below 5%, a process he expects will take multiple quarters.