Case study: Boosting efficiency in a down market

The platform and integration

Xactus has combined the bulk of its offerings onto a single proprietary platform now known as Xactus360, which delivers credit reporting, verifications and settlement services and is integrated with Fannie Mae, Freddie Mac, credit bureaus, and various loan origination systems or consumer-facing portals.

“It is a distribution platform for the products and services related to credit and verification that are used by our customers during the originations process,” explained Xactus Chief Technology Officer James Owens (pictured below).

Integration can go one of two ways.

Larger operations can integrate their loan origination system with Xactus via API, Owens said, effectively making it a “black box” that serves its products into their loan origination system workflow. For less prominent players, such as smaller brokerages, they can connect simply by logging into a portal, ordering products and services on an as-needed basis.

“Depending on the size and scale and sophistication of the customer, we offer a multitude of ways for them to interact with us,” Owens said.