Philadelphia, Pa. – February 24, 2025 –Xactus, a fintech and market leader in verification solutions for the mortgage industry, introduces a new class of technology called Intelligent Verification. Built on valuable insights derived from verification data, Intelligent Verification shifts how the industry originates and services mortgages – from inefficient, inflexible manual processes to dynamically configurable workflows. It harnesses real-time insights …
FHFA Update: Credit Score and Credit Reports Initiative
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 both FICO 10T and VantageScore 4.0 credit scores with each single-family loan sold to the Enterprises. Currently this is …