What SettlementOne does

SettlementOne is a U.S. credit reporting, verification, and data-solutions provider focused exclusively on the mortgage industry, operating as a portfolio company of Nevada-incorporated Sackett National Holdings, Inc. The company offers three product lines through its website and API channels: credit reporting (tri-merge, soft-pull pre-qualification/pre-approval, mortgage-only, consumer purpose, FICO 10T and VantageScore 4.0 scoring, rapid rescore, undisclosed debt notifications, liens/judgments, credit refresh, post-close QC, and FACT Act RBPN); verification solutions (VOE/VOI, The Work Number via Equifax, Experian Verify, Truv, VOA/VOD, 4506-C/8821 tax transcripts, SSA-89, flood certifications, fraud reports, and AVMs); and technology solutions (VOE/I Cascade, SmartSelect Credit, SmartPay, Encompass Partner Connect, SmartAPI, ClientAPI, LOS/POS/AUS/QC integrations, and Total Cost for Borrower). Underlying infrastructure is a cloud-based, API-first platform with certified native integrations into Encompass, Vesta, Calyx Point, BytePro, and Mortgage Cadence, and operates on the XedaLink (formerly MeridianLink Mortgage Credit Link) order-fulfillment hub acquired by Xactus in June 2026.

The company monetizes primarily through per-transaction fees for credit reports and verifications, supplemented by bundled credit/hybrid/closed-loan pricing tailored to each lender, with API and LOS/POS integration access supporting recurring enterprise relationships. Go-to-market is direct enterprise sales to banks, credit unions, and mortgage lenders nationwide, with dedicated strategic account management for top-tier clients including several of the top 20 U.S. mortgage lenders, and distribution through XedaLink and direct API access. SettlementOne reports 25+ years in operation (founded 1999), 51-100 employees, four U.S. offices (Austin, Alpharetta, Mooresville, Riverside), and 40% cumulative growth from 2021-2024 under former CEO Stephen French, with current CEO Michael Lord (joined 2020, prior senior roles at CoreLogic, First American, First Advantage, and Rels) leading the company alongside a CRO and a leadership team drawn from J.P. Morgan Chase, Bank of America, and Kroll Factual Data.

Name

SettlementOne

Legal name

Sackett National Holdings, Inc.

Website

https://settlementone.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

51–100 employees

Short description

SettlementOne provides credit reporting, verification, and data solutions to U.S. mortgage lenders via a cloud-based, API-first platform. It offers tri-merge and soft-pull credit reports, employment/income/asset verifications, fraud detection, and cascade automation, integrated with Encompass, Vesta, and other major loan origination systems.

Ownership category

akta.pro rank

Product category

Mortgage Credit Reporting and Verification Technology

NAICS

Activities Related to Credit Intermediation (5223)

akta.pro primary industry

Fraud Detection, Identity & KYC/AML for Mortgages (FSALALAH)

Keywords

• Credit reporting services
• Mortgage verification solutions
• Loan origination APIs
• Employment income verification
• Mortgage data analytics

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Credit Reporting Services: Per-transaction fees for credit reports including tri-merge reports, mortgage-only reports, pre-qualification soft pull reports, pre-approval soft pull reports, and consumer purpose reports. Revenue is generated on a per-report basis as loans are processed.
2. Verification Services: Fees for verification of employment/income (VOE/VOI), verification of assets/deposits (VOA/VOD), tax return transcripts, SSA-89 verification, flood verifications, and fraud reports. Services are priced per verification performed.
3. Bundled Pricing Products: Credit, hybrid, and closed loan bundles designed to maximize cost recovery and minimize out-of-pocket expense, tailored to each client's specific needs. Includes real-time cost tracking per loan through Total Cost for Borrower feature.
4. Integration and API Access: Revenue from API integrations including SmartAPI enterprise access, ClientAPI functionality, and native LOS/POS integrations with Encompass, Vesta, and other platforms.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

SettlementOne provides credit reporting and verification solutions for the mortgage industry, delivering tri-merge credit reports, soft-pull pre-qualification and pre-approval reports, verification of employment/income (VOE/VOI), verification of assets/deposits (VOA/VOD), tax transcripts, fraud detection, and flood certifications. The platform integrates with all major loan origination systems (LOS), point-of-sale (POS) platforms, and automated underwriting systems (AUS) through native APIs and certified partner integrations, enabling lenders to automate verification routing and credit ordering decisions.

Product overview

SettlementOne is a comprehensive mortgage services platform offering a unified suite of credit reporting, verification solutions, and technology products. The platform consists of three core product categories: (1) Credit Reporting products including Tri-Merge Credit Reports, Pre-Qualification/Pre-Approval Reports (Soft Pull), Mortgage-Only Reports, Consumer Purpose Reports, FICO 10T/VantageScore 4.0 scoring, and specialty products like Rapid Rescore, Credit Supplements, and Undisclosed Debt Monitoring; (2) Verification Solutions including VOE/VOI, Asset Verification (VOA/VOD), Tax Transcripts (4506-C), SSA-89 Verification, Flood Certifications, Fraud Reports, and AVMs; (3) Technology Solutions including VOE/I Cascade (intelligent routing), SmartSelect Credit (automated credit ordering), SmartPay (consumer credit ordering), SmartAPI and ClientAPI (programmatic access), and LOS/POS/AUS/QC Integrations. The platform is integrated with major loan origination systems (Encompass, Vesta), credit bureaus (Equifax, Experian, TransUnion), employment verification providers (The Work Number, Truv, Experian Verify), and supports automation through intelligent rules-based routing and cascading logic.

Differentiator

Problem solved

Functional benefit

Products and services

• Pre-Qualification Reports (Soft Pull) Soft-pull mortgage pre-qualification reports providing comprehensive credit insights for initial borrower conversations without affecting credit scores. Delivers tri-bureau data with instant delivery and seamless upgrade path to hard-pull reports. Designed for mortgage lenders conducting pre-qualification conversations with prospective borrowers.
• Pre-Approval Reports (Soft Pull) Soft-pull pre-approval reports providing comprehensive credit data to issue confident pre-approvals while preserving borrower credit scores. Delivers full credit analysis with automated findings and audit trail. Designed for lenders wanting to provide competitive pre-approvals without hard inquiry impact.
• Tri-Merge Credit Reports Merged credit data from Equifax, Experian, and TransUnion in a unified format designed for mortgage lending. Features intelligent merging algorithms, automated discrepancy identification, and mortgage-specific insights. Core product for mortgage origination decisions.
• Mortgage-Only Credit Reports Credit reports specifically engineered for mortgage underwriting with enhanced data elements and mortgage-specific insights including payment history patterns, property-related inquiries, and specialized risk indicators.
• Consumer Purpose Credit Reports Flexible credit reports supporting full range of consumer lending products including auto, personal, HELOC, and credit card decisions. Adapts to various loan types with customized scoring and risk-based pricing support.
• FICO 10T / VantageScore 4.0 Credit Scoring Access to latest generation credit scoring models incorporating trended data and enhanced predictive analytics. Provides 24-month historical views of balances, payments, and utilization for deeper borrower behavior insights.
• FICO Score Mortgage Simulator The only authorized score simulation tool using genuine FICO algorithms to help borrowers understand how specific actions impact credit scores and mortgage qualifications. Enables scenario modeling for multiple simulation capabilities for mortgage lenders and their applicants.
• Verification of Employment / Income (VOE / VOI) Automated VOE/VOI solutions connecting directly to payroll providers, employers, and income sources for instant employment and income verification. Features multi-source integration and intelligent routing for mortgage lenders.
• Verification of Assets / Deposits (VOA / VOD) Automated account verification from thousands of financial institutions. Provides real-time account balances, transaction histories, and comprehensive asset verification with fraud detection for mortgage lenders.
• Tax Return Transcripts (4506-C & 8821) Electronic IRS tax transcript services with direct IRS integration for Form 4506-C and 8821. Delivers results in 24-48 hours with automated parsing and income data extraction for mortgage underwriting.
• Social Security Number Verification (SSA-89) Direct Social Security Administration verification to confirm borrower identity and benefit information. Validates SSN accuracy and verifies Social Security benefit income for mortgage lenders.
• Flood Verifications / Life-of-Loan Monitoring FEMA-compliant flood zone determinations at origination plus life-of-loan monitoring. Alerts when flood maps change and properties require reassessment for mortgage lenders.
• Fraud Reports Multi-layered fraud screening identifying identity fraud, property fraud, occupancy misrepresentation, and synthetic identity schemes. Includes pattern recognition and risk scoring for mortgage lenders.
• Automated Valuation Models (AVM) Instant property valuations through cascade of leading AVM providers with confidence scores. Provides comprehensive property values with valuation methodology transparency for mortgage lenders.
• Truv Asset Verification Solution Asset verification solution providing instant verification of borrower assets across 13,000+ financial institutions, with 90-day free data refreshes. Supports Freddie Mac LPA AIM and Fannie Mae Day 1 Certainty. Targets mortgage lenders needing comprehensive asset verification coverage.
• VOE/I Cascade Intelligent rules-based automation platform that routes employment and income verification across instant, third-party, and manual providers. Configurable logic with cost control and process consistency for mortgage lenders.
• SmartSelect Credit Fully automated credit cascade that applies configurable rules to determine credit ordering decisions. Validates consumer data through LexisNexis Flex ID and sequences credit pulls automatically. A technology product for mortgage lenders' credit ordering workflows.
• SmartPay Online consumer direct credit report ordering form allowing applicants to order their own credit report. Features branded experience, flexible credit options, automated compliance, and identity verification through Experian Precise ID for lenders offering consumer-direct credit services.
• SmartAPI Enterprise-grade RESTful API providing complete programmatic access to all SettlementOne services including credit reporting, verification services, and monitoring capabilities. Enables custom LOS integration, workflow automation, and white-label solutions with real-time webhooks and bulk operations for enterprise mortgage lenders.
• ClientAPI Powerful API allowing lenders to create or edit users, pull credit report data, and trigger core functionality from their proprietary LOS software. Provides seamless system-to-system access for full functionality with full feature parity to the web platform.
• Halcyon Income Analyzer Integration Automated income verification solution integrating Halcyon Income Analyzer with IRS transcript data. Transforms hours of manual underwriting calculation into minutes with Fannie Mae and Freddie Mac guideline compliance built in for mortgage lenders.

Quantifiable outcome

• Hours to minutes - Halcyon Income Analyzer transforms manual income calculation into automated process
• +4 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration16 records

AI capability15 records

Feature8 records

Partnerships

Ten partnerships are on record, tiered core, flagship and secondary.

• Xactus / XedaLinkcoreTechnology or Integration · 3 June 2026SettlementOne operates on the XedaLink platform (formerly MeridianLink Mortgage Credit Link). Xactus acquired MCL from MeridianLink and rebranded as XedaLink, committing to operate as a fully independent subsidiary with increased platform investment.
• TruvcoreTechnology or Integration · 5 August 2025Expanded partnership to include comprehensive asset verification capabilities, providing instant verification of borrower assets from over 13,000 financial institutions with 90-day free data refreshes. Supports Freddie Mac LPA AIM and Fannie Mae Day 1 Certainty.
• HalcyoncoreTechnology or Integration · 16 July 2025Integration of Halcyon Income Analyzer to automate income verification using direct IRS transcript data. Transforms hours of manual underwriting calculation into minutes with Fannie Mae and Freddie Mac guideline compliance built in. Direct integration with Encompass or SettlementOne web portal.
• FICOflagshipTechnology or Integration · 26 June 2025Strategic partnership to integrate the FICO Score Mortgage Simulator into SettlementOne's suite of mortgage lending tools. The only authorized simulation tool using genuine FICO algorithms, enabling lenders to show borrowers how specific actions impact credit scores and mortgage options. Launched June 26, 2025.
• VestacoreTechnology or Integration · 11 June 2025Native API integration bringing SettlementOne's borrower and property verifications suite directly into Vesta's modern, task-based LOS platform. Lenders can access income, employment, and flood data without leaving the Vesta platform, eliminating manual processes and accelerating loan decisioning.
• Equifax (The Work Number)coreTechnology or IntegrationDirect integration with The Work Number providing instant access to employment records and income data. Represents the mortgage industry's most comprehensive employment verification database with records for employees across thousands of employers including Fortune 500 companies, government agencies, and healthcare systems.
• ExperiancoreTechnology or IntegrationComprehensive integration with Experian's suite of services including credit reporting, Experian Verify for employment data, and specialized mortgage analytics. Particularly strong in retail, hospitality, and service sectors often underserved by other databases.
• Finicity by MastercardsecondaryTechnology or IntegrationIntegration delivers fast, secure access to borrower financial data directly from bank accounts, streamlining income and asset verification, reducing manual document collection, and enabling more accurate real-time insights.
• ICE (Encompass)coreTechnology or IntegrationCertified Encompass Partner Connect (EPC) integration ensuring seamless access to all SettlementOne services within the Encompass environment. Official Ellie Mae Partner Connect certification with automated data mapping and real-time status synchronization.
• MeridianLinkcoreTechnology or IntegrationMeridianLink Mortgage Credit Link (MCL) is a plug-and-play web-based order fulfillment hub that simplifies product ordering with an intuitive web interface and integrated tools for order fulfillment. Now rebranded as XedaLink.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Xactus: Independent mortgage credit and verification provider that acquired MeridianLink's MCL platform (rebranded as XedaLink). Functions as both a competitor and a host platform on which SettlementOne operates, after the June 2026 ownership transition.
• FICO: FICO Score algorithms and the FICO Score Mortgage Simulator partnership drive SettlementOne's proprietary credit product offerings. Functions as a data/modeling partner and a broadly-dominant credit-scoring provider in mortgage underwriting.
• MeridianLink: Provider of loan origination and account-opening software with embedded mortgage credit ordering (formerly MCL platform). Partly an integration partner and partly an overlapping offering through its credit-ordering capabilities.

Direct peers

• TransUnion (Credit Reporting & Truv): One of the three major credit bureaus whose data feeds SettlementOne's tri-merge reports and a direct competitor via its own mortgage reporting and verification services; Truv (now under TransUnion) is listed as a SettlementOne partner for asset and income verification.
• Equifax Workforce Solutions (The Work Number): Operates The Work Number employment and income database that SettlementOne integrates with, while also serving mortgage lenders directly through its own verification and credit-reporting products. Represents both partner and direct competitor in mortgage verification.
• Experian Verify: Credit bureau with direct income/employment verification (Experian Verify) and credit-reporting products that overlap directly with SettlementOne's offerings. Integrated by SettlementOne while also competing for lender relationships.
• CoreLogic (ICE Mortgage Technology): Provides a comprehensive mortgage data, analytics, and verification platform with deep LOS (Encompass) integration. CEO Michael Lord previously held executive roles at CoreLogic, illustrating direct capability overlap with SettlementOne in credit reporting and verification workflows.
• DataVerify: Mortgage-focused data verification and fraud-detection provider offering VOE/VOI, VOA, fraud reports, and LOS integrations comparable to SettlementOne's verification suite. Direct mid-market competitor in mortgage credit and verification services.

Emerging players

• Vesta (LOS): Modern task-based loan origination system with which SettlementOne launched a native API integration in June 2025. Strictly a partner today, but as a leading next-generation LOS it shapes the embedded verification stack alongside SettlementOne's capabilities.
• Halcyon: Provider of automated IRS transcript income calculation (Halcyon Income Analyzer) integrated by SettlementOne in July 2025. Direct overlap on income verification, with SettlementOne acting as the channel into mortgage lenders for Halcyon's engine.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/settlementone
• LinkedInlinkedin.com/company/1283255

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SettlementOne