Consider this: According to FEMA, any building with a 1% chance of experiencing a flood each year (aka 100 year flood zone) is considered to be a high flood risk. Those properties have at least a 25% chance of flooding during a 30-year mortgage. It’s more important than ever to ensure you accurately assess flood zones. With Xactus Flood Report …
Receive Comprehensive IRS Tax Transcripts with Our Direct Connection
We can help modernize your approach to tax return verifications with up-to-the-minute IRS data feeds through Tax Transcript X via Form 4506-C or Form 8821: Verify consumer’s income against IRS data Fully electronic ordering Real-time status updates Reduce IRS rejections Obtain Tax Transcripts That Suit Your Needs 1040 (a, b, or c) Personal Transcripts 1065 (K-1) Partnership Income 1099 Self-Employment …
Xactus Total Verification Solutions: From Consumer Identity to Property Value
Are you taking advantage of all the verification and data services Xactus provides? By working with a single source, you stand to benefit from increased savings and greater efficiencies. How? By partnering with us for all your data needs, you only need to vet one provider – which means less work for you. Plus, you can often bundle our services …
Advancing the Modern Mortgage Through Thought Leadership
As part of our continued effort to steer the ongoing transformation of the mortgage industry with thought leadership contributions by our team, several of our resident experts were recently featured on two recent FinTech Hunting podcasts. In the April episode, Greg Holmes, Chief Revenue Officer, and Michael Crockett, Chief Operating Officer, discussed how Xactus is advancing the modern mortgage market …
Executive Insights
We’re extremely proud of our executive team members at Xactus, not just for their internal leadership, but also for their thought leadership. Recently, several Xactus executives were tapped to share their insights and perspectives about the current state of the industry and its prospects for the future. Check them out: Robbie Chrisman Podcast – Listen to Shelley Leonard and …
Appraisal Bias and Freddie Mac
Avoid a “Fatal” Message in Freddie Mac UCDP “Pride of ownership.” “Crime-ridden area.” “Desirable area.” On January 26, Freddie Mac Loan Collateral Advisor® began delivering fatal feedback messages that prevent a “Successful” status on the Uniform Collateral Data Portal® Submission Summary Report for appraisal reports if they contain these terms and phrases and certain others that may be prohibited or …
HMDA
Streamline your HMDA Compliance with Xactus With the HMDA submission deadline quickly approaching on March 1st, time is of the essence! It’s crucial to act swiftly to meet compliance requirements. Even if you originate just 25 closed-end loans annually, HMDA reporting to the CFPB is mandatory for ALL mortgage applications – not just the closed ones. Let Xactus streamline your …
ICE EPC Integration
Announcing Xactus’ Integration with ICE Encompass Partner Connect Xactus’ flood zone determinations, credit reports, and other mortgage verifications integrations are now built on the latest Encompass Partner Connect™ API Platform and available through ICE Mortgage Technology®, part of ICE (NYSE: ICE), a global data, technology and market infrastructure company that designs, builds and operates digital networks to connect people to …
Pre-App X vs. Pre-Qualification X
How to Master Pre-Approvals and Better Protect Your Pipeline Soft credit inquiries can help safeguard your pipeline. Understanding the difference between Xactus’ two pre-approval products, Pre-App X and Pre-Qualification X, is the first step toward avoiding prospect triggers until much later in the mortgage process. Pre-App X Adds Utility to a Soft Credit Pull Our Pre-App X soft inquiry report …
Xactus360…Revolving Around You
Streamlines Workflows, Creates Efficiencies with Single Login to Access Mortgage Credit and Pre-Qualification Reports Xactus360 is an innovative, easy-to-use technology platform designed for mortgage professionals by mortgage professionals. By combining best practices, a wealth of mortgage experience, and customer input, Xactus360 delivers an intuitive user experience unlike any other. The innovative, proprietary platform offers more APIs, better workflows, enhanced automation, …