Xactus, the leading verification innovator for the mortgage industry, announced today that Michael Crockett has been named to the newly created role of Chief Data Officer.
Crockett will develop and manage the data strategy for Xactus, including data-related functions such as data management, data science, and the continual advancement of data innovation.
“Michael is a trusted and valuable member of our team and is well qualified to lead in this critical area. This role has been established to manage one of our most valuable strategic assets – our data. With Michael at the helm, I am confident our efforts to continually expand and strengthen our data offering will help lenders close more loans more quickly and demonstrate our unrivaled commitment to their success,” said Perry Steiner, Chairman & CEO of Xactus.
Shelley Leonard, President of Xactus, added, “Applying innovation and leading data engineering techniques will be integral to strategically advancing our data and analytics capabilities. Michael will help create data experiences that automate and accelerate key stages in the mortgage process. I’m excited to see the ways in which he and his team will influence our quest to build the modern mortgage.”
As Chief Data Officer, Crockett is responsible for providing strategic direction around Xactus’ data strategy, developing new data analytics capabilities and products, and working closely with the technology team to extend the power of Xactus’ data and analytics offerings. With almost 25 years of experience, Crockett brings an abundance of expertise and leadership to his position. Crockett was formerly EVP of Data Solutions at Xactus and served as EVP of Product Development at Credit Plus prior to Xactus’ acquisition of the company in September 2021.
Crockett joined Credit Plus in 2013 to create its QA/QC division. Prior to that, he held several senior executive roles at a national mortgage information company including Senior Strategic Executive and EVP of Operations. He is on the Consumer Data Industry Association Board and oversees and manages all of Xactus’ mortgage industry collaborations/co-ops including The Mortgage Collaborative, Lenders One, and Capital Markets Cooperative. He also formerly served on several advisory boards for mortgage industry associations and the credit bureaus. Crockett has a B.S. in Accounting from Stephen F. Austin State University.
“I’m thrilled to be stepping up and taking broader ownership of our data and analytics initiatives across Xactus,” Crockett said. “I know that data solutions are key to the industry’s ongoing transformation and I’m grateful to be in a role where I can have a significant and positive impact.”
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 verifications 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.