In The News

Xactus Offering Automated IRS Data Feeds Through TaxStatus

Xactus, a verification provider that serves the mortgage industry, is offering real-time IRS data feeds through TaxStatus, a top provider of official tax data and IRS account monitoring.

“We’re excited to be working with a like-minded organization that is also focused on advancing the modern mortgage by accelerating lending decisions and reducing risk,” said Shelley Leonard, President of Xactus. “Our integration with TaxStatus will enable us to offer our lender customers a faster, more accurate way to receive comprehensive IRS tax information.”

TaxStatus provides automated, real-time IRS data feeds, wherein lenders can have up-to-the-minute information on their customers once they opt in, reducing 70-90 percent of the time it takes to access and utilize IRS data. Its proprietary platform collects data from the IRS and delivers it in a secure, common data format. Through Xactus’ agreement with TaxStatus, lenders can receive up to 10 years of historical IRS data on any SSN or EIN, as well as automatic updates when a customer’s profile has changed.

“We chose to work with Xactus because of its commitment to innovation, focus on automation and its significant customer base. We saw an opportunity to support them in delivering a more modern mortgage experience,” said Charles Almond, CEO and founder of TaxStatus.