Xactus provides a proprietary verification technology suite that automates the mortgage verification process, enabling lenders to efficiently manage credit, employment, and property verifications. This solution addresses the inefficiencies in traditional verification methods, allowing lenders to close loans faster and enhance profitability through streamlined workflows.
Funding
Funding not disclosed
Founders
Product
Problem
Mortgage lenders face challenges in efficiently verifying borrower information, including credit, employment, and property details, leading to delays in loan closures and increased operational costs. Traditional verification processes are often labor-intensive and rely on disparate systems, hindering a seamless digital experience.
Solution
Xactus offers a suite of verification solutions designed to automate and streamline the mortgage verification process, enabling lenders to close loans faster and enhance profitability. The Xactus360 Intelligent Verification Platform leverages data-driven technology and advanced AI to provide lenders with the right data at the right time, facilitating better loan decisions. By aggregating data from across the mortgage ecosystem and integrating with existing Loan Origination Systems (LOS) and Point of Sale (POS) systems, Xactus streamlines workflows and increases efficiency through dynamic, data-enabled waterfalls. The platform's API integrations and responsive service enable lenders to resolve complex problems by automating previously manual processes, optimizing outcomes and driving efficiency.
Target Audience
Xactus primarily serves mortgage lenders seeking to streamline their verification processes, reduce risk, and enhance profitability through automation and data-driven insights.
Features
- Comprehensive credit solutions for seamless management
- Verification services for income and employment
- Fraud detection and quality control reporting solutions
- Property solutions for accurate appraisals and valuations
- Score optimization tools to maximize loan approval potential
- Data solutions to deliver meaningful insights
- Xactus360 Intelligent Verification Platform with data-driven automation
- API integrations with LOS, POS, and servicing systems