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 …
FHFA Update: Bi-Merge Deployment Delayed
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 …
Grow Your HELOC Business the Smart Way…
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 …
Xactus360 Update
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 …
Xactus Announces Appraisal Firewall X is Capable of Fulfilling Orders for Lenders Supporting Fannie Mae Property Data Collection and Freddie Mac Property Data Report
Broomall, PA – October 5, 2023 – Xactus, the leading verification innovator for the mortgage industry, announced today that Appraisal Firewall X is capable of fulfilling orders from lenders supporting Fannie Mae property data collection and Freddie Mac’s Property Data Report (PDR). It is connecting mortgage lenders with vetted and trained property data collectors to deliver the value acceptance + …
Xactus Announces the Next Generation of Its Proprietary Technology Platform, Xactus360
Helps Lenders Streamline Workflows, Create Efficiencies with Single Login to Access Mortgage Credit and Pre-Qualification Reports PHILADELPHIA – August 3, 2023 — Xactus, the leading verification innovator for the mortgage industry, announced today the next generation of its proprietary technology platform, Xactus360, further modernizing the mortgage process for lenders. Xactus360’s game-changing features allow lenders to improve workflows and create …
U.S. Navy Names Nuclear Submarine After John H. Dalton, Xactus Board Member
Broomall, PA – April 10, 2023 – Xactus, the leading verification innovator for the mortgage industry, announced today that the U.S. Navy is naming its newest nuclear submarine after one of its board members, John H. Dalton, a former Secretary of the Navy. John Dalton served as the 70th Secretary of the Navy. The USS John H. Dalton will be …
Xactus Wins ICE Innovation Technology Award
Xactus Wins ICE Innovation Technology Award Company named a leader in mortgage innovation and technological advancement by ICE Mortgage Technology® Broomall, PA – February 16, 2023 – Xactus has been awarded the 2023 ICE Innovation Award for Lenders’ Choice for Innovative Service Provider by ICE Mortgage Technology®, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, …
Truv Announces Partnership with the Leading Mortgage Verification Innovator Xactus
Truv and Xactus will enable mortgage lenders to verify income and employment data for over 85% of working Americans, thus further automating the mortgage approval process. Truv announced that it partnered with Xactus SM to further enhance Xactus’ verification capabilities. This partnership will continue to accelerate Truv’s mission of enabling a more equitable financial ecosystem through its API connections to payroll accounts. …
Xactus Announces Ross Gloudeman as General Counsel and Chief Compliance Officer
Xactus, the leading verification innovator for the mortgage industry, announced today that Ross Gloudeman has joined the company as General Counsel and Chief Compliance Officer. As GC and CCO Officer, Gloudeman is responsible for providing leadership around Xactus’ legal and compliance strategies. “Throughout 2022, Xactus has continued to enhance our product offering and streamline workflows. By bringing in Ross, who has over 15 years’ …