How Intelligent Verification is Reshaping the Mortgage Process The mortgage industry is navigating one of its most dynamic and fast-changing markets. While volumes have shifted and margins remain tight, this environment presents a unique opportunity for lenders to rethink processes, embrace innovation, and enhance the borrower experience. Balancing speed, compliance, and cost-efficiency with leaner teams is challenging, but for those …

Did you know nearly 20% of borrowers re-engage when lenders connect at precisely the right moment? This remarkable state demonstrates the power of timely outreach when borrowers begin exploring new mortgage options. The challenge is knowing exactly when your past clients are shopping again. But Xactus’ Portfolio Monitoring X technology creates valuable reconnection opportunities by alerting you when borrowers in …

Big changes just went into effect in the appraisal landscape that expands hybrid appraisal eligibility! Eligible property and transaction types for hybrid appraisals will align more closely with traditional appraisals, with just a few exceptions. This expansion represents a significant efficiency opportunity for both lenders and borrowers. Desktop Underwriter (DU) and Loan Product Advisor (LPA) have updated their systems with …

A new solution is now available that allows mortgage lenders to quickly determine if a consumer’s employment record exists on The Work Number® database before ordering a verification of employment. Xactus is the first company to offer The Work Number® Report Indicator alongside Equifax credit reports. This complimentary benefit is available to Xactus clients who order their credit reports and …

Here’s a striking fact: 99% of U.S. counties experienced a flooding event between 1996 and 2019, making floods the nation’s most common natural disaster. And the financial impact of a flood is significant, resulting in average claims of more than $50,000.1 Despite this risk, many homeowners remain unprotected, especially since annual premiums on flood insurance can cost $700 or more. …

A groundbreaking tool has arrived for mortgage lenders seeking to better serve potential borrowers. The FICO® Score Mortgage Simulator is now available and is the only simulator that uses actual FICO® scores and score algorithms. This innovative simulator allows lenders to show applicants how certain actions might impact their FICO® score in real time. Lenders can illustrate how paying down …

The mortgage lending industry is shifting – are your verification tools shifting with it? Intelligent verification allows lenders to move away from static, manual workflows toward responsive, data-driven processes. Unlike traditional methods that rely on rigid point-in-time reporting, intelligent verification harnesses real-time insights to power automated actions, enabling faster and more informed loan decisions while reducing wasted time and cost. …

The mortgage industry is navigating one of its most dynamic and fast-changing markets. While volumes have shifted and margins remain tight, this environment presents a unique opportunity for lenders to rethink processes, embrace innovation, and enhance the borrower experience. Balancing speed, compliance, and cost-efficiency with leaner teams is challenging — but for those who adapt, it’s a chance to build …

How robust is your verification process? According to Fannie Mae’s Quality Insider Report issued in May 2024, income calculation errors and borrower not employed account for four of the top ten significant defects. Roughly two-thirds of significant loan defects issued had an initial debt-to-income (DTI) ratio above 43%. This report highlights the need for enhanced accuracy. Rest assured with our …