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Onslow Bay, a subsidiary of Annaly Capital Management (NLY), has announced the integration of the MeridianLink Mortgage platform into its operations. This strategic move is designed to bring the company's loan origination processes entirely in-house, allowing for greater operational control. By internalizing these operations, Onslow Bay aims to achieve improved efficiency and reduce reliance on third-party providers. A primary focus of this technological upgrade is to scale the firm's capabilities within the non-agency mortgage sector. The partnership also represents a significant client acquisition for MeridianLink (MLNK), highlighting the demand for advanced fintech solutions in the REIT space. Analysts view this transition as a positive step toward long-term margin optimization and better cost management.
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