Process Improvement Column: Xactus Introduces New Class Of Technology
Xactus, a fintech and market leader in verification solutions for the mortgage industry, introduces a new class of technology called Intelligent Verification.
Built on valuable insights derived from verification data, Intelligent Verification shifts how the industry originates and services mortgages – from inefficient, inflexible manual processes to dynamically configurable workflows. It harnesses real-time insights to power automated actions, enabling faster and better decision-making while reducing waste and redundancies.
Xactus360, the industry’s first Intelligent Verification PlatformSM (IVP), integrates with existing POS and LOS systems to provide verifications. This allows clients to eliminate unnecessary data pulls and improve next-best actions, facilitating greater efficiency throughout the loan life cycle.
“Our IVP and decisioning logic enable different software systems to work together without friction, supporting cleaner interactions and integrations. Intelligent Verification delivers the right data at the right time – empowering faster, more informed loan decisioning,” stated Shelley Leonard, President of Xactus. “Xactus has reached a pivotal moment – our future is in fintech as we keep advancing the modern mortgage through innovation.”
An Intelligent Verification Platform (IVP) is a data-driven, scalable delivery vehicle that reframes how, what, and when verifications occur. Focused on originations and servicing system integrations, the Xactus360 IVP serves as a vital connection to the industry and the products lenders need and desire throughout the mortgage lifecycle.
Tony Garritano is the founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 20 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting PROGRESS in Lending Association was the next step for someone like Tony, who has dedicated his entire career to providing mortgage executives with the information that they need to make informed technology decisions to help their businesses succeed.
