Xactus, the leading verification innovator for the mortgage industry, announced today that James Owens has joined the company as Chief Technology Officer. Owens will set and oversee Xactus’ technology strategy, including all technical aspects of new product development and implementation across its platforms, and direct other corporate technical initiatives including IT and data security. “James is a passionate technologist with …
UniversalCIS | Credit Plus Rebrands as Xactus
Xactus is committed to building the modern mortgage experience UniversalCIS | Credit Plus, the leading verifications provider for the mortgage industry, announced today its new name, Xactus, marking a new beginning for the company. The comprehensive initiative includes the creation of a new logo, website, key messages, and tagline, “Advancing the Modern Mortgage,” which speaks to Xactus’s focus to be …
Portfolio Monitoring: Stop Early Payoff Penalties
No one wants a borrower to walk away, especially within the first few months after closing. With Xactus’ Portfolio Monitoring, you can avoid early payoff penalties and obtain immediate alerts when one of your recently closed borrowers is shopping for a mortgage, refinance, or equity loan. We provide daily notifications within 24 hours of their occurrence, enabling you to reach out …
UniversalCIS | Credit Plus Welcomes New President, Shelley Leonard
Shelley Leonard serves as President of UniversalCIS | Credit Plus, and a member of the Board of Directors. With over two decades of experience developing and delivering technology solutions to the country’s top mortgage lenders and servicers, Shelley is steering the company to drive the transformation of the mortgage verifications industry with its innovative credit and data solutions and digital …
Greg Holmes Named a Lending Luminary by Progress in Lending
Congratulations to Credit Plus | UniversalCIS’s Chief Revenue Officer Greg Holmes for being honored by Progress in Lending as a Lending Luminary. Award winners are recognized for their industry vision and leadership. To view the entire list of winners, click here.
UniversalCIS Merges with Credit Plus
Merger Creates Leading Technology and Credit Provider for the Mortgage IndustryPHILADELPHIA – October 5, 2021 — UniversalCIS, a market-leading, technology-enabled provider of credit data and related origination solutions in the mortgage industry, and Credit Plus, a leading provider of mortgage verifications and business credit reports, today announced the merger of their companies. As a result of the merger, the new …
Fannie Mae Adds Rent to Underwriting: Impact on Lenders
Fannie Mae’s recent decision to utilize rent payment history in mortgage underwriting will help expand the credit-profiles of millions of first-time homebuyers. Because landlords do not report rent payments to the bureaus, many historically disadvantaged populations have had difficulty obtaining the American dream of homeownership. However, on September 18th, Fannie Mae will take significant steps to change that, when it …
UniversalCIS Acquires Lending Solutions Divisions from Data Facts
UniversalCIS Acquires Lending Solutions Divisions from Data Facts: Acquisition Will Expand UniversalCIS’ Origination Solutions
Xactus + Liquid Logics Now Supports Soft Credit Pulls
Now private money lenders can know more about their borrowers faster Salisbury, MD, June 17, 2021 – Credit Plus, a leading provider of mortgage verifications, business credit reports, business owner reports and a complete ecosystem of business intelligence data, today announced it has expanded its integration with Liquid Logics to now include soft credit inquiries. In addition to hard credit …
Dream of Home Ownership Starts with Educating Borrowers about Healthy Credit
About 8% of mortgage applications were rejected for single-family homes in 2019, according to the latest available data supplied by lenders to the federal government under the Home Mortgage Disclosure Act. What were the reasons for the denials? High debt-to-income ratio (35%) Poor credit history (22%) Lack of collateral or LTV (18%) Incomplete applications, insufficient cash, unverifiable information and spotty …