Xactus Enhances Mortgage Verifications with ACES Integration
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Xactus Enhances Mortgage Verifications with ACES Integration
Xactus, a leading verification innovator for the mortgage industry, recently made headlines with its announcement of a seamless integration with ACES Quality Management. This advancement is set to provide substantial benefits to lenders across various sectors of the mortgage industry.
Streamlining Quality Control
The integration of Xactus into ACES’ extensive network of integrated third-party verification service providers allows lenders to order, track, and receive Xactus re-verification documents directly within the ACES Quality Management platform. This streamlined approach greatly enhances the efficiency of quality control (QC) audits and significantly reduces errors often associated with manual data re-entry.
Verification Services Offered
With this new integration, Xactus introduces a variety of verification options available within the ACES framework. These services include essential documents such as Employment Verification, Credit Reports, and Tax Transcripts, which provide lenders with comprehensive verification insights without the hassle of navigating through multiple systems.
What Industry Leaders Say
The feedback from industry leaders has been overwhelmingly positive. Michael Crockett, the Chief Operating Officer of Xactus, expressed his enthusiasm about the new partnership, stating, “We’re thrilled about this integration. We’re giving ACES’ users access to our top-tier verifications, enhancing their ability to support their loan quality and risk management initiatives.”
Trevor Gauthier, CEO of ACES Quality Management, further emphasized the significance of this integration. He indicated that by incorporating Xactus’ verification services, clients can enjoy streamlined access to critical verification processes directly within the ACES framework. This enhancement enables lenders to increase the efficiency of their quality control operations while maintaining the highest standards of loan quality.
About Xactus
Xactus stands out as a leader in the mortgage verification sector. The company serves over 6,500 clients, encompassing large bank and non-bank mortgage originators, credit unions, and mortgage brokers. Their approach unifies a comprehensive 360° verification process seamlessly integrated into existing workflows. This methodology allows lenders to meet consumer demands for a modern mortgage experience, delivering industry-leading speed, reliability, and accuracy, ultimately facilitating quicker loan closures and improved profitability.
Learn More About Xactus
To explore the services offered by Xactus, visit their website to discover how they’re revolutionizing the mortgage industry with their verification solutions.
About ACES Quality Management
In addition to Xactus, ACES Quality Management is recognized as a leading provider of enterprise quality management and control software specifically tailored for the financial services sector. Notably, many of the country’s most prominent lenders and financial institutions depend on ACES Quality Management & Control Software to enhance audit throughput, improve quality, and maintain cost efficiencies.
ACES serves a vast array of clients, with a remarkable 70% of the top 20 independent mortgage lenders, 7 out of the top 10 loan servicers, 11 of the top 30 banks, and 3 out of the top 5 credit unions in the country relying on their solutions. Their unique approach offers Flexible Audit Technology, empowering independent mortgage lenders and financial institutions to adapt ACES to meet specific business needs without extensive IT resources.
Frequently Asked Questions
What is the main benefit of Xactus’ integration with ACES?
The primary benefit is the streamlined access to Xactus’ verification services through ACES' platform, enhancing QC audit efficiency.
What types of verification documents are available through this integration?
Available documents include Employment Verifications, Credit Reports, and Tax Transcripts, providing comprehensive insights for lenders.
Who are the main clients of Xactus?
Xactus serves over 6,500 clients, including the largest bank and non-bank mortgage originators and credit unions.
What does ACES Quality Management software help improve?
The software enhances audit throughput and quality while helping control costs for financial institutions.
Why is this partnership significant for lenders?
This partnership empowers lenders to improve their operational efficiency while maintaining high standards in loan quality and risk management.
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