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...
Only Xactus. It’s That Simple. Did you know that Xactus offers verification solutions for the entire mortgage lifecycle? From leads to post close quality reviews, Xactus is your single source provider for the verifications and data you need to make confident decisions...
Have you ever questioned whether your flood report is correct? What if you could ask for a second look, free of charge? Wouldn’t it be great if you didn’t have to pay for a flood report unless the loan closed? All of this is possible with Flood ReportX. Fully...
As you know, in October 2022, FHFA announced the validation and approval of two new credit score models, FICO 10T and VantageScore 4.0, for use by Fannie Mae and Freddie Mac (the Enterprises). After a multiyear transition period, lenders would be required to deliver...
For those of you who connected with us at the MBA Annual, it was great seeing you. If you happened to miss the convention, connect with us on LinkedIn and check out all the buzz and happenings from the event! On Monday, October 28, our President, Shelley Leonard,...
They say ignorance is bliss – but we don’t think that’s the case when it comes to your portfolio. In this market, if someone from your portfolio is shopping for another mortgage, you need to know about it. When we conduct our 30-day portfolio look backs with...