PHILADELPHIA – March 21, 2023 — Xactus, the leading verification innovator for the mortgage industry, announced today that it is offering real-time IRS data feeds through TaxStatus, a top provider of official tax data and IRS account monitoring.
“We’re excited to be working with a like-minded organization that is also focused on advancing the modern mortgage by accelerating lending decisions and reducing risk,” said Shelley Leonard, President of Xactus. “Our integration with TaxStatus will enable us to offer our lender, customers, a faster, more accurate way to receive comprehensive IRS tax information.”
TaxStatus provides automated, real-time IRS data feeds, wherein lenders can have up-to-the-minute information on their customers once they opt in, reducing 70-90 percent of the time it takes to access and utilize IRS data. Its proprietary platform collects data from the IRS and delivers it in a secure, common data format. Through Xactus’ agreement with TaxStatus, lenders can receive up to 10 years of historical IRS data on any SSN or EIN, as well as automatic updates when a customer’s profile has changed.
“We chose to work with Xactus because of its commitment to innovation, focus on automation and its significant customer base. We saw an opportunity to support them in delivering a more modern mortgage experience,” said Charles Almond, CEO and founder of TaxStatus.
Xactus is the leading verification innovator for the mortgage industry. The company has
over 6,500 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers. With 12 operation centers across the U.S., Xactus collaborates closely with its clients to digitally integrate a 360° approach to verification across their workflows. As a result, lenders can easily access the technology necessary to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy – while also closing more loans more quickly with greater profitability. For more information, please visit https://xactus.com/.
TaxStatus is a fully digital IRS account monitoring solution that provides continuous access to income and all official IRS financial data for any business or individual. With analytics and ongoing monitoring capabilities, Tax Status delivers critical notifications and insights that lenders, businesses, and individuals can use to make more informed decisions. For more information, go to www.TaxStatus.com.