Xactus, the leading verification innovator for the mortgage industry, today announced it has launched a new HELOC Verifications Bundle to assist lenders and brokers with targeting prospects, assessing risk, and increasing efficiencies to help meet the increased HELOC demands.
The HELOC Verification bundle enables mortgage professionals to see who qualifies by mining their existing portfolios and setting criteria and screening consumers to obtain pre-screened leads. Mortgage companies can also assess consumer risk more effectively with a variety of verification tools, including:
- Credit reports
- Flood reports
The HELOC Verifications Bundle is fully customizable, enabling mortgage professionals to select only those tools that meet the specific needs of their businesses. “At Xactus, we’re all about advancing the modern mortgage through verifications that can help mortgage professionals close more loans more quickly,” said Michael Crockett, Chief Data Officer of Xactus. “This set of verification services provides data that helps in two key areas – identifying who qualifies and better assessing risk – so mortgage professionals can process HELOCs faster and enhance their profitability.”
Xactus is comprised of the merged family of companies that includes Credit Plus, Universal Credit Services, CIS Credit Solutions, Avantus, and DataFacts Lending Solutions.
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.