Zero Friction, Double the Coverage, A Fraction of The Price

IEValidate offers lenders a frictionless and reliable way to validate an applicant’s income, occupation, and employment through an API using as little as one field of information about the borrower – the Social Security number.     IEValidate provides a comprehensive validated income and employment report for each matched borrower in less than 500 milliseconds. Lenders can use this report instead of paystubs and as an alternative to costly database checks.

This innovative solution, already used by top lenders, solves most of the critical pain points lenders grapple with when verifying a borrower’s income and employment: the low hit rates of existing methods, the high cost of database checks, and the enormous friction placed on borrowers by requests for paystubs or bank statements.

• A Fraction of The Price: IEValidate is a cost-effective alternative to expensive HR database lookups. By utilizing IEValidate at the top of the verification cascade, lenders can reduce their verification expenses by 60% to 90%.
• Double The Coverage – With over 260 million historical income reports, IEValidate has proven to provide validated income and employment on up to 80% of lenders’ submissions. These high hit rates allow companies to double their coverage over existing verification solutions.
• Zero Friction: IEValidate enables lenders to eliminate the need for paystubs in many cases, dramatically reducing friction in the loan application process and increasing loan conversion rates by 50% or more. Lenders can create a smoother experience for borrowers, resulting in higher customer satisfaction and improved portfolio profitability.

“IEValidate represents a transformation in the way companies will verify income and employment for borrowers,” says Tim Grace, CEO of Point Predictive.

“Paystubs are an outdated approach to verifying a borrower’s income because they put too much friction in the lending process, and forgeries are commonplace. Bank statement requests are met with significant consumer resistance and even then can only be used to estimate income using standard, error-prone formulas. Existing employer-contributed database checks, while frictionless, have fraudulent employers contributing data, are often out of date, and are expensive to use in an automated way on all applications. With our solution, companies can eliminate or replace those methods with a simple, frictionless, validated income and employment report for up to 80% of their borrowers — provided in less than a second and at a fraction of the cost of their current solutions.”

Unparalleled Insights from The Industry’s Most Comprehensive Data

IEValidate leverages Point Predictive’s proprietary risk data repository, which includes real incomes, employers, and occupations, covering more than 260 million income reports, 22 million unique employers, and more than 68 billion risk data points. This unique data enables IEValidate to provide unparalleled validation of a borrower’s current and historical income, occupation, and employment.

The solution is designed to work across any sector that requires income and employment verification, including credit cards, rental applications, consumer lending, auto lending, mortgage lending, and account origination.

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The Women of Influence program recognizes the outstanding efforts of women in driving the housing economy forward. The honors are given to individuals making notable contributions to their businesses and the industry at large—with a focus on contributions made in the most recent 12 months.

In the last year, Victoria’s contributions have helped conceptualize and develop Guild’s MyPath2Own Dedicated to Lisa Klika, which makes homeownership more accessible through homebuyer education, concierge service and a closing cost assistance grant for those who complete the path. This achievement was made possible through her collaboration with Guild’s product development team, leveraging their expertise to create an innovative and impactful initiative.

Victoria’s dedication to promoting growth within the organization is evident in her approach to talent acquisition and employee retention. Her efforts play a vital role in attracting and retaining diverse employees and fostering an inclusive environment contributing to the organization’s success.

“By fostering an environment of inclusivity and supporting initiatives embracing diversity, we can build a stronger, more dynamic workforce that appreciates a wide range of perspectives and experiences,” said Victoria Garcia DeLuca, vice president of marketplace diversity strategy. “I am honored to be acknowledged for my efforts in promoting diversity and inclusion within Guild and the broader industry. Moving forward, I am committed to working diligently to achieve ongoing success and progress.”

Victoria leads Guild’s participation in the Asian American Real Estate Association of America (AREAA), the National Association of Hispanic Real Estate Professionals (NAHREP), the National Association of Minority Mortgage Bankers of America (NAMMBA), and the National Association of Real Estate Brokers (NAREB). She serves on NAHREP’S corporate board of governors and represents Guild with the Mortgage Bankers Association’s “Home for All Pledge,” the industry’s long-term commitment to addressing racial inequities in housing. She also serves on the board of directors for the Tennessee Latin American Chamber of Commerce (TLACC).

Headquartered in San Diego, Guild Mortgage is a leading national lender with an established history of offering a comprehensive array of loan products and partnering with government organizations to help deliver the promise of home in every neighborhood and community. Guild’s loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to homebuyers looking for a jumbo loan. Guild also helps active duty and retired military personnel who qualify for VA loans with 100% financing and flexible qualifying standards. The company is consistently recognized for its impact in the communities it serves, commitment to customer service, strength in regulatory compliance and workplace culture.

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The Maine State Housing Authority (MaineHousing) is an independent authority created by the Maine State Legislature in 1969 to address problems of unsafe, unsuitable, overcrowded, and unaffordable housing. At its core, the agency couples the efficiencies of the private financial markets with public purpose goals to provide affordable homeownership and rental housing opportunities for people in Maine. MaineHousing administers several federal housing-related programs that reduce the costs associated with housing for people in the state.

MaineHousing recognized lenders for helping first-time homebuyers benefit from the agency’s First Home Loan Program, which provides first-time homebuyers with fixed-rate mortgages, either as a conventional, FHA, VA or USDA loan. Honorees were chosen for their high rate of success in connecting buyers with the agency’s program. This year’s award represents achievements from the reporting period of January 2022 through December 2022.

Guild closed more than 100 loans totaling over $23 million with MaineHousing in 2022, earning the company a top three spot on the top lenders list. MaineHousing set a new record for the total value of new First Home loans purchased in 2022, with over $177.7 million for the year.

“It’s an honor to be recognized by MaineHousing for our efforts to assist first-time homebuyers in Maine,” said Mike Ianno, regional vice president for Guild Mortgage. “We value the opportunity to use specialized programs like First Home to help Maine residents across the state become homeowners. 2022 was a successful year for the new program and Guild is aiming to help even more prospective homebuyers in 2023 and beyond.”

MaineHousing’s First Home Loan Program offers little to no down payment options for first-time homebuyers. The program can be paired with the Advantage Assistance option to cover down payment and/or closing costs up to $5,000 or the Multi-Unit Advantage option up to $14,000 for 2–4-unit properties, providing a great opportunity for first-time homebuyers to realize their dream of homeownership.

Headquartered in San Diego, Guild Mortgage is a leading national lender with an established history of offering a comprehensive array of loan products and partnering with government organizations to help deliver the promise of home in every neighborhood and community. Its loan professionals can serve the needs of any homebuyer, from helping first-time buyers achieve homeownership, often through government loan programs, to homebuyers looking for a jumbo loan. Guild also helps active duty and retired military personnel who qualify for VA loans with 100% financing and flexible qualifying standards. The company is consistently recognized for its impact in the communities it serves, commitment to customer service, strength in regulatory compliance, and workplace culture.

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First, the company announced it has refreshed its logo to symbolize its commitment and focus on impact lending and investing and the four pillars upon which the company’s foundation and brand has been built; affordable housing; care for our seniors; energy efficiency, and rural business. The company’s updated logo now integrates four colors into its shield, each representing one of the pillars. The corporate tagline confirms that mission- Lending and Investing for the Greater Good.

Second, the company also announced it has also launched a new website that demonstrates the rapidly growing impact lending and investment verticals.

“We are very pleased to introduce an enhanced version of our logo that encompasses our diverse platforms and areas of focus,” said Chris Callahan, X-Caliber’s President and CEO. “As we continue to grow, we remain committed to our strategic plan, business purpose, and mission, and our new look and redesigned website explains and defines our vision and expansion in a deliberate and meaningful manner.”

Chris and Sharon Callahan acquired the Phares Company in 2017 and renamed the FHA lender and servicer as X-Caliber Capital. The firm started with five employees. With the addition of various lending and investing platforms, the company now employees nearly 70 team members across 14 states.

The parent company “X-Caliber” represents the umbrella under which all its growing entities and affiliates have evolved. The five entities and their evolution provide comprehensive commercial real estate lending, servicing, and investing solutions:

• X-Caliber Capital, the company’s FHA lender acquired in 2017
• X-Caliber Funding, the company’s bridge lender created in 2018
• CastleGreen Finance, the company’s Commercial Property Assessed Clean Energy financing affiliate launched in 2021
• X-Caliber Rural Capital, the company’s USDA-licensed lending affiliate launched in 2021
• X-Caliber Investment Management, the company’s specialist investment firm developed in 2022

Over the last few years, the firm and its affiliates have received notable national and regional recognitions, including being certified as a Great Place to Work in 2022 and 2023. The company was also named to the national Fortune Best Small Workplace list and to the New York Fortune Best Workplace list in 2022.

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