Xactus Strengthens Its Verification Capabilities
Xactus, a prominent player in the mortgage verification field, has announced an important partnership with Thomas & Company. This collaboration will improve the employment verification waterfall on Xactus's digital platform, Xactus360. By integrating Thomas & Company's Wage and Employment Verification service, Xactus will gain access to tens of millions of records across a wide range of industries, including many Fortune 500 companies.
Efficient Verification Process for Lenders
This new alliance highlights Xactus's dedication to offering a unified verification platform that streamlines processes for its lender clients. Shelley Leonard, President of Xactus, mentioned that this partnership is designed to provide lenders with added convenience by merging services from various vendors into one platform. This strategic approach exemplifies Xactus's commitment to continuous enhancement and expanding their service offerings.
Improved Control for Borrowers
Nate Kenney, President of Thomas and Company, underscores the benefits of this collaboration, stating that their Wage and Employment Verification service acts as a complement to employers’ human resources and payroll operations. By combining Thomas & Company's services with Xactus360, borrowers can now share their employment and wage details more efficiently, accurately, and securely. This creates a better experience for both borrowers and lenders during the verification process.
How Technology Shapes Modern Verification
In today's fast-paced environment, where quickness and precision are crucial, Xactus is at the forefront of revolutionizing the verification landscape for the mortgage sector. With over 6,500 clients—including leading mortgage originators, credit unions, and brokers—Xactus demonstrates a strong commitment to digital integration that simplifies verification workflows. This allows lenders to respond to consumer demands more promptly while also facilitating faster loan closures.
About Xactus
As a trailblazer in the mortgage verification industry, Xactus has built a reputation centered on innovation and quality. Their all-encompassing approach guarantees that clients benefit from the latest technological advancements, enhancing overall experience and boosting profitability. The company remains committed to adapting to market changes by utilizing advanced technologies.
About Thomas & Company
With three decades of experience, Thomas & Company offers a range of employer services, focusing on unemployment cost management and employment and wage verification solutions. Their forward-thinking approach enables organizations to effectively manage employee relations and navigate complex regulations with ease. Through their collaboration with Xactus, they aim to extend their influence and provide greater value to their clients.
Frequently Asked Questions
What does the partnership between Xactus and Thomas & Company entail?
The partnership enhances Xactus's employment verification capabilities by significantly expanding its database and refining the verification process for both lenders and borrowers.
In what ways does Xactus360 assist lenders?
Xactus360 offers an integrated platform that allows lenders to streamline their workflow by accessing third-party services, resulting in increased efficiency.
Why is Thomas & Company's service a beneficial addition?
The Wage and Employment Verification service enhances the verification process, enabling quicker, more precise, and secure sharing of borrower information.
Why is it crucial to have speed in the mortgage verification process?
Speed in the verification process is essential for lenders to meet consumer demands for quick mortgage processing, which boosts overall client satisfaction and profitability.
How long has Thomas & Company been in operation?
Thomas & Company has over 30 years of expertise, making it a recognized leader in unemployment cost management and employee verification solutions.
