Verifications

Obtain immediate access to employer payroll records

Conduct a comprehensive check of employment and income and obtain access to millions of employment records with Xactus’ verification solutions. Our VOE/I workflow is fully customizable and can be programmed to cascade to various online databases. You can also obtain uniform, auditable manual verifications when an applicant’s information isn’t available in an online database.

Electronically verify applicants’ financial accounts quickly & securely

Xactus’ Asset VerificationX services are an essential part of your due diligence during the mortgage loan approval process. You can:

• Validate a consumer’s assets, deposits, and account activity directly from the borrower’s financial institution(s)
• Obtain a clear view of the borrower’s financial balances
• Reduce the risk of costly loan buybacks or other challenges

Monitor applicants’ credit throughout the mortgage process

With Xactus Undisclosed Debt Verifications, you’ll get real-time monitoring of the applicants’ credit activity, from the initial credit file pull through loan closing. Activate our undisclosed debt verifications to avoid surprises during the lending process.

Verify income with immediate, accurate IRS tax data

Xactus offers automated IRS data feeds with up-to-the-minute IRS information. In addition, Xactus offers access to easy-to-read electronic Tax TranscriptX reports, including form 4506-C and 8821 as well as real-time updates. Borrowers can e-sign authorization forms, reducing the amount of time you spend gathering the permissions you need.

Integrate Borrower Verification Services Directly into Your Workflow:

• Quickly and easily validate income, employment, undisclosed debt, assets, and identity
• Receive accurate consumer information
• Access tax returns and other forms rapidly and inexpensively
• Avoid surprises at loan closings