Xactus rolls out active listing data product for mortgage lenders

Abstract

Credit verification leader Xactus is rolling out an active listing product for lenders that it claims offers the most active listings within the mortgage industry. "The Active Listing Scan offers details on listing date, price, broker information, changes in status and average days on market for a neighborhood, Xactus said. Total mortgage originations are projected to fall short of last year's record mark, and the supply shortage won't ease anytime soon. The nation's housing deficit is between 3.6 million units and 5.5 million units, according to Fitch Ratings. Xactus is an amalgamation of credit reporting firms UniversalCIS and Credit Plus and others, brought together through seven deals over the past two years, and rebranded in March. Xactus counts more than 6,500 clients spanning bank and non-bank originators to credit unions and mortgage brokers. Appraisal technology company SharperLending, purchased by the company in 2021, wasn't included in the rebrand because of its involvement in mortgage origination systems.