Automating repetitive tasks
Xactus brings together five of the nation’s leading verification companies into one platform that streamlines operations and eliminates repetitive tasks. Lenders can easily access credit reports, undisclosed debt verifications, employment verifications, FraudPlus, and liens and judgements reports through Encompass® by ICE Mortgage Technology® to meet customer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy.
Eliminating stare-and-compare document verification methods is a top priority for lenders who are trying to protect margins by gaining efficiency and reducing errors. Xactus has embraced mortgage lending automation and made it accessible to all lenders by developing automated document verification. Automated document verification enables lenders to close loans faster, with greater profitability. Their seamless integration with Encompass makes Xactus a perfect solution for ICE Mortgage Technology customers like Mutual of Omaha Mortgage and The Federal Savings Bank, who have both seen significant gains through their partnership.
2023 ICE Innovation Award Winner
Xactus won the 2023 ICE Lenders’ Choice Award for working with ICE Mortgage Technology customers to access verifications for credit, employment, Social Security, and undisclosed debt all within Encompass. They’ve worked with ICE customers, The Federal Savings Bank and Mutual of Omaha Mortgage, to improve their access to order data points they need to close loans. Xactus solutions enhance the verification process by bundling verification services and seamlessly plugging that information into the loan lifecycle. Lenders can access data through automated milestone ordering, reducing operational costs and creating efficiencies.See all ICE innovation award winners