Jonathan Corr, who once headed up the nation's largest origination system provider, Ellie Mae, has joined the board of directors of recently privatized competitor MeridianLink.

He is one of six new board members at MeridianLink, which was acquired by Centerbridge Partners and Silversmith Capital Partners in a deal which closed in October for $20 per share cash. The company went public in July 2021 at $26 per share.

Corr retired as president and CEO of Ellie Mae when the sale to Intercontinental Exchange was completed in 2020.

He succeeded Ellie Mae founder Sig Anderman in 2015 and was in charge when the company was sold to Thoma Bravo in 2019, before it was flipped to ICE a year-and-a-half later.

More recently, Corr is the founder of Omniscient Owl Productions, which does commercial theater production. He also serves as investor, board member and advisor to private technology companies.

The other new board members at MeridianLink

Larry Katz, MeridianLink's president and CEO, remains on the board. David Murphy, who spent the last decade heading up private equity companies, and served as senior operating partner at Thoma Bravo, was named chairman.

The other new board members are:

• Charles Fagan III, president and CEO of Velera, a credit union service organization, a position he will retire from at the end of September;
• Jared Hendricks, senior managing director, head of technology at Centerbridge;
• Ben Jaffe, managing director at Centerbridge;
• Todd MacLean, co-founder, Silversmith Capital Partners.

"Their diverse perspectives and collective experience building and scaling financial technology and enterprise software companies will be invaluable as we invest in our platform and advance our transformation into a modern, AI-forward lending technology company," Katz said in a press release."With their guidance, we are well positioned to accelerate growth, modernize our solutions, and deliver even greater value to our customers and the communities they serve."

MeridianLink-Plaid partnership expansion

Separately, MeridianLink announced an expanded partnership with Plaid to make digital income verification more accessible.

This will be added to MeridianLink Consumer and it allows lenders to verify borrower data to get faster loan approvals for a number of loan types, including home equity lines of credit.

"Manual verification methods are notoriously time-intensive and costly," said Megan Pulliam, senior vice president, MeridianLink Marketplace, in a separate press release. "More than half of banked U.S. adults use Plaid, and we're pleased to add their widely trusted income verification solutions within MeridianLink Consumer."

MeridianLink is planning to expand user access to cash flow underwriting solutions later this year.