With the addition of Xactus to ACES’ network of integrated third-party verification service providers, lenders can order, track and receive Xactus re-verification documents directly within the ACES Quality Management & Control platform to streamline the quality control (QC) audit process and eliminate errors from manual data re-entry. Xactus verification reports now available within ACES include Employment Verification, Credit Report, and Tax Transcripts.

“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,” said Michael Crockett, Chief Operating Officer of Xactus.

“This integration represents a significant advancement for our clients, providing them with streamlined access to critical, best-of-breed verification services directly within ACES,” said Trevor Gauthier, CEO of ACES Quality Management. “By incorporating Xactus’ comprehensive verification services into our existing network, we’re empowering lenders to enhance the efficiency of their quality control processes while maintaining the highest standards of loan quality and mitigating potential risks.”

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“Ensuring mortgage lenders have access to the most reliable and accurate information available to make confident lending decisions is important at any time, and this is especially true in our current environment,” said Michele Bodda, President of Experian Mortgage, Verification Solutions and Employer Services. “This new partnership with Freddie Mac is another important milestone in our journey to unlock the modern mortgage. Together, we can help ensure more lenders have instant access to the best insights while improving the homebuying experience for borrowers.”

AIM provides lenders with a simpler and more efficient loan origination process by leveraging third-party service providers like Experian to automate traditionally manual processes for assessing borrower income and employment. The addition of Experian Verify provides lenders with new options while adding an additional layer of flexibility and ease to the verification process.

“Partnering with third-party service providers like Experian ensures we can deliver the best tools and insights the industry has to offer,” said Daniel Miller, Freddie Mac Single-Family Director of Strategic Technology Partnerships. “This collaboration will assist lenders with quickly and easily obtaining income and employment verification.”

Coupled with Experian’s recent move to become an authorized report supplier for Fannie Mae’s Desktop Underwriter^® (DU^®) validation service, this move makes Experian one of the few providers who are authorized report suppliers for both government-sponsored enterprises (GSEs).

To learn more about Experian’s income and employment verification solutions, please visit www.experian.com/verify-mortgage.

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