Ensuring the use of objective language is crucial for appraisal reports. Both lenders and the GSEs have introduced tools and programs designed to detect the presence of subjective, potentially biased words or phrases within appraisal reports. Appraisal Scorecard X helps lenders quickly and easily detect potential bias. Appraisal Scorecard X Xactus’ Appraisal Scorecard X utilizes advanced technology to conduct automated …

At Xactus, we understand that in today’s tight market, every dollar counts. That’s why we offer flood zone determinations that you only pay for if the loan closes. But that’s not the only differentiator. Xactus Flood Report X services are: Fast – In fact, they are delivered in seconds. And if you require a manual review because of new construction, …

Let Our Fraud Detection Tools Unmask Them! Picture this: a seemingly ideal mortgage application, with a dream home on the line, and a hidden web of deceit waiting to unravel… In June of 2023, Fannie Mae uncovered a troubling case in Northern California. It was a story where commonality among real estate agents, fabricated bank statements, and borrowers with no …

Earlier this year, the FHFA estimated that the bi-merge credit report change will not occur until the first quarter of 2024 at the earliest – with the implementation of the new credit score models expected to occur over two phases in late 2024 and 2025. In September, the FHFA announced it now expects that the “implementation date for this bi-merge …

With Our Verification Services Bundle According to Black Knight’s September Mortgage Monitor Report, mortgage holders tapped $39B in equity in Q2 2023 via cash-out refis as well as home equity loans and lines of credit, up modestly from the first quarter but just half the volume of Q1 2022 ($79B) before rates began to rise. There’s still time to take …

Continuing to Revolve Around You We are constantly updating the next generation of Xactus360, our proprietary verifications technology platform designed for mortgage professionals by mortgage professionals. By combining best practices, a wealth of mortgage experience, and customer input, Xactus360 delivers an intuitive user experience unlike any other. Xactus’ mission is to advance the modern mortgage and we are accomplishing that …