BROOMALL, PA — Xactus, a leading provider of verification solutions for the mortgage industry, recently unveiled a cutting-edge flood zone determination service accessible through Encompass Partner Connect, a platform developed by Intercontinental Exchange (ICE). This integration marks a significant step forward in streamlining the loan origination and servicing processes, offering lenders a more efficient way to access critical information.
Encompass Partner Connect, powered by ICE, represents the latest in API (Application Programming Interface) technology, allowing seamless integration between ICE’s mortgage technology solutions and services offered by industry participants like Xactus. Through this advanced framework, loan originators and servicers can now easily tap into a suite of Xactus verification products directly within the Encompass digital lending environment.
The range of verification solutions available through this integration includes Credit ReportX, Undisclosed Debt VerificationX, Tax TranscriptX, Employment VerificationX, Income VerificationX, Fraud ReportX, and Social Security NotificationX. This comprehensive suite underscores Xactus’s commitment to providing lenders with the tools they need to make informed decisions quickly and accurately.
Shelley Leonard, President of Xactus, emphasized the importance of the collaboration with ICE, stating, “Thanks to our deep relationship with ICE and our shared common goal – to advance the modern mortgage – we can provide lenders with a seamless, customizable route to access Xactus360 verification solutions via Encompass Partner Connect.” This partnership highlights a mutual dedication to leveraging technology to enhance the mortgage lending and servicing experience.
Encompass Partner Connect facilitates the integration of vital third-party products and services into ICE’s mortgage technology ecosystem. While ICE provides the platform that enables these integrations, it is important to note that ICE does not own, control, nor explicitly endorse any specific industry participant or their offerings. Loan originators and servicers bear the responsibility for conducting due diligence, selecting, and contracting with providers that best meet their needs.
This initiative by Xactus and ICE through Encompass Partner Connect represents an important development in the mortgage industry, promising to bring about greater efficiency, accuracy, and convenience in how lenders access and utilize verification services.
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