Xactus Expands Service Offerings with Thomas & Company Partnership
Xactus Bolsters Verification Capabilities
Xactus, a leading innovator in the mortgage verification industry, has announced a strategic partnership with Thomas & Company. This collaboration will enhance the employment verification waterfall on Xactus's digital platform, Xactus360. By incorporating Thomas & Company's Wage and Employment Verification service, Xactus is set to unlock access to tens of millions of records from a plethora of industries, including many Fortune 500 companies.
Streamlined Verification Process for Lenders
This new relationship reflects Xactus's commitment to providing a single source verification platform that simplifies processes for its lender clients. Shelley Leonard, President of Xactus, stated that this partnership aims to give lenders greater convenience by integrating services from multiple vendors within one platform. This strategic move epitomizes Xactus’s drive for continuous improvement and the expansion of their offerings.
Enhanced Borrower Control
Nate Kenney, President of Thomas and Company, emphasizes the value brought by this partnership, noting that their Wage and Employment Verification service acts as an extension of client employers’ human resources and payroll capabilities. With the integration of Thomas & Company's services into Xactus360, borrowers can now share their employment and wage information more quickly, accurately, and securely. This fosters a smoother experience for both borrowers and lenders throughout the verification process.
The Role of Technology in Modern Verification
In an era where speed and accuracy are paramount, Xactus leads the charge in transforming the verification landscape for the mortgage industry. As the number of clients has surged past 6,500—comprising top-tier mortgage originators, credit unions, and brokers—Xactus showcases an unwavering dedication to digital integration that streamlines verification workflows. By doing so, lenders can respond to consumer demands more effectively while also closing loans at a faster pace.
Overview of Xactus
As a pioneering entity in the mortgage verification domain, Xactus has crafted a reputation founded on innovation and excellence. Their comprehensive approach ensures that clients are equipped with cutting-edge technological solutions that not only enhance experience but also increase profitability. The company is steadfast in its mission to meet the evolving demands of the market by leveraging advanced technologies.
About Thomas & Company
With 30 years of expertise, Thomas & Company provides a variety of employer services, specializing in unemployment cost management along with employment and wage verification solutions. Their innovative approach empowers organizations to effectively manage their employee relations programs and navigate complex regulatory frameworks with ease. Through their collaboration with Xactus, they are set to broaden their impact and deliver enhanced value to clients.
Frequently Asked Questions
What is the significance of Xactus partnering with Thomas & Company?
This partnership enhances Xactus's employment verification services, vastly expanding their database and improving the verification process for lenders and borrowers.
How does Xactus360 benefit lenders?
Xactus360 provides an integrated platform that allows lenders to access third-party services, simplifying their workflow and improving efficiency.
What makes Thomas & Company's service a valuable addition?
The Wage and Employment Verification service improves the verification process, allowing for quicker, accurate, and secure sharing of borrower information.
Why is speed important in the mortgage verification process?
Speed in verification helps lenders meet consumer needs for timely mortgage processing, ultimately enhancing client satisfaction and profitability.
How long has Thomas & Company been in the industry?
Thomas & Company has over 30 years of experience, establishing itself as a leader in unemployment cost management and employee verification services.
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