The Mortgage Industry is Broken
And your LOS is the reason.
We have the cure.
Meet Xactus
Xactus is the leading verification innovator for the mortgage industry. The company has over 6,500 clients ranging from the largest bank and non-bank mortgage originators to credit unions and mortgage brokers.
Xactus works closely with its clients to digitally integrate a 360 approach to verification across their workflows. As a result, lenders can easily access the technology necessary to meet consumer demands for a modern mortgage experience with industry-leading speed, reliability, and accuracy – while also closing more loans more quickly with greater profitability.
In fact, Xactus and its technology have received numerous awards including the 2023 ICE Mortgage Technology Innovation Award: Lenders’ Choice – Innovative Service Provider; 2024, 2023, 2022 HousingWire Tech 100 Mortgage; 2024, 2023 and 2022 Progress in Lending Innovations; and Inc. Magazine’s 2022 Inc. 5000 where Xactus ranked 288.
The company is committed to creating and maintaining a workplace in which all employees have an opportunity to participate and contribute to the success of the business and are valued for their skills, experience, and unique perspectives. This commitment is embodied in company policy and the way we do business and is an important principle of sound business management.
Ever wonder why your Net Promoter Score (NPS) might take a sharp 50-point dive?
One reason could be the repeated requests for information your clients have already provided.
Over-collecting data may seem advantageous to your team, but it's a different story from your borrowers' perspective.
Discovering they've provided unnecessary information can be a source of annoyance and inconvenience.
These practices can strain the customer relationship.
Is this really the way to treat the lifeblood of your business?
Fact check: Most lenders' websites echo the same promises: a transparent process, the latest technology, and respect for the borrower.
Same Loans, Different Lenders
Given that most mortgage lenders offer similar loan programs, your differentiators narrow down to service, reputation, and rates/fees.
Stuck with Outdated Systems
But how can you truly distinguish yourself if you're operating on the same decades-old system as everyone else?
What levers can you pull to stand out from the crowd?
Ever find yourself in a situation where half of your team's efforts are consumed by double-checking work already done by someone else?
A Matter of Control
Could it be because your current system offers limited control over how data is managed, leading to crucial information being overwritten?
Complicated Systems, Confusing Tasks
Or is it due to the complexity of your systems, causing people to forget the correct procedures — particularly when dealing with less common loans?
The Power of Trust
Imagine a scenario where everyone could trust that the work completed before them was accurate and thorough.
Wouldn't that be a game-changer for efficiency and morale?
Unless you're a federally chartered bank — and let's not forget the unique compliance challenges there — every state in which you lend has an interest in scrutinizing your processes. They want to ensure you're not causing harm to their residents.
Costly Consequences
Errors in this high-stakes environment are more than just a nightmare — they can directly impact your bottom line.
Auditors' Trust: Does Your System Measure Up?
Does your current system instill confidence in auditors that every detail — every "i" dotted, every "t" crossed — is being meticulously handled in your process?
Imagine having a system auditors know does the job... how much better would you sleep?
Our Philosophy
It is your data.
It is your business.
We want to empower your success and not nickel-and-dime you to death.
For example, your subscription does not include monthly minimums. The mortgage cycle is seasonal, and locking you into a monthly minimum number of loans means you either pay more per loan on months with lower volumes or overage charges when you are busier. Either way, you lose (and the vendor wins).
We don't play that game.
Instead, your subscription with Wilqo includes a targeted number of closed loans for the year (the more you commit to, the lower your per-closed-loan price). Then, each month's volume gets deducted from that target. If you run out of loans before the year is up, you just buy another bundle.
Easy. Fair. Predictable.