Xactus Overview

Xactus Overview

Mortgage Business is Changing

Transforming digitally

Striving to deliver the best consumer experience

Enhancing speed and efficiency

Seeking to drive greater profitability

Until Now, Verification Hasn’t

The Xactus Name

Xactus is a coined name that highlights our promise to consumers and clearly stands apart in our industry. But Xactus is more than a name, it is an opportunity to define the future of the mortgage industry by introducing new technology and perspectives.

The Xactus Name

“Xact” - references the word “exact” and speaks to our focus on precision and accuracy.

“Us” – highlights our commitment to our partners and vendors, as well as our internal teams.

“Double X” - is a symbol of strength, accuracy, and interconnectivity. It symbolizes the precision in our work.

Xactus is Changing the Game

Xactus is the leading verification innovator for the mortgage industry, providing solutions for every stage of the mortgage lending process.

An Unrivaled Commitment to Your Success:

75+ Years of Innovation

8 Operation Centers

580+ Employees

6,500+ Clients

From how we innovate and solve client challenges, to the robustness and reliability of our technology, Xactus helps you navigate a fast-changing, fast-digitizing world.

What Makes Us Different?

Our proprietary technology, Xactus360, and marketleading service delivered at scale, enable clients to digitally integrate a 360° approach to verification across their workflows.

Become Empowered with Xactus360

Quickly unmerge and re-pull a single bureau to a tri-merge report

Streamline your workflow

Shorten turn times for supplements and score optimization requests

Gain real-time visibility into your invoices

Customize outputs to minimize change for your team

Set advanced user access controls

Work more efficiently

Improve automation with leading APIs

Xactus Helps You Drive Key Business Outcomes

Build the modern mortgage experience

Integrate verification at every stage to help deliver a superior consumer experience.

Close more loans more quickly

Speed up processes and quickly resolve issues to close more loans more quickly.

Enhance profitability

Streamline workflows to enhance profitability.

Xactus Board of Directors

Paul Ryan

Former Speaker of the House

U.S. House of Representatives

Steve Ozonian

President & CEO

Williston Financial Group

John Dalton

Former Secretary of the Navy

Robert Belke

Managing Partner

Lovell Minnick Partners

Jason Barg

Partner

Lovell Minnick Partners

Perry Steiner

Chairman & CEO

Xactus

Jason Klein

Principal

Lovell Minnick Partners

Shelley Leonard

President

Xactus

Xactus Leadership

Bill Merryman

Shelley Leonard President

Kevin Ryan Chief Financial Officer

Jamie Veight Senior Vice President of Operations

Michael Delaporta Chief Architect

Perry Steiner Chairman & CEO

Mike Brown Chief Integration Officer

James Owens Chief Technology Officer

Greg Holmes Chief Revenue Officer

Ross Gloudeman General Counsel & Chief Compliance Officer

Thomas Lloyd Chief Strategy Officer

Nancy Grycewicz Vice President, Human Resources

Julie Wink-Davis

EVP, Marketing & Strategic Sales

Jordan Goldberg

Executive Vice President, Sales

Mike Allen

Executive Vice President, Sales

Executive Vice President, Sales

Michael Crockett Chief Operating Officer

The Xactus Modern Mortgage Verification Suite

Pre-application

Application

Processing

Underwriting

Pre- and PostClosing/Servicing

 Lead Generation

 StartMyApplicationX

 Pre-QualificationX

 QualifyMeNowX

 Pre-Appx

 Credit ReportX

 Trended data

 Disclosures

 Score Optimization Tools

 Fraud ReportsX

 Liens & Judgments Reports

 Identity Verifications

 OFAC Alerts

 SupplementX

 Employment and Income VerificationX

 Asset VerificationX

 Appraisal FirewallX

 AVMsX

 Undisclosed Debt VerificationX

 Flood ReportX

 Tax TranscriptX

 Social Security VerificationX

 Fraud ReportX

 Property Detail Report

 COMPARE and Reverification Tools

 AVMsX

 SupplementX

 Fraud ReportX

 Participant Report

 Appraisal ScorecardX

 VerisiteX

 Undisclosed Debt VerificationX

 Refreshed credit reports

 QC ReviewX

 Final verification of assets

 Final verification of employment

 Fraud ReportX

 Mortgage Participant Detail Report

 Post-Closing QC

 Re-verifications: Assets and

 Employment / Income

 QC Forensic Reviews

 Portfolio MonitoringX

 HDMA Reporting

 Appraisal ScorecardX

 VerisiteX

We provide best-in-class reports, easy to read/scan, and customizable for those who like to fiddle to the Nth degree.

We offer an integrated product suite for a seamless origination experience, enabling lenders to close more loans more quickly.

We offer data and analytics solutions to help our customers make better decisions about their consumers, earlier in the process.

We offer the best customer service, with enhanced transparency and speedy SLAs.

We are an easy vendor to work with, continually proving our value, and are competitively priced to allow you to best manage your spend.

We offer the most digestible reports, customizable to maximize your productivity

Best-in-class reports:

Easy to read and customizable, with "smart highlighting" to call attention to the most important factors so you can spend less time reviewing applications

Expanded coverage and “waterfall” approach to increase process automation so you can off-load manual verification and free up time

Customizable rules engine to consistently flag key activities so you can spend more time closing applications instead of reviewing them

Best on the market solution, with customizable real-time updates and audit trail on the mortgage application so you can spot and resolve problems early and quickly

Xactus360 Offers Competitive Advantages which Directly

Address Critical Customer Needs

Maximizes client ROI through productivity enhancement / automation (e.g., 1-click access, auto-decision)

Secure / reliable offerings through robust infrastructure enabling delivery of compliant / auditable output

Easy-to-use with custom enhancements enabled by open architecture and in-house development team

High-touch customer support / customization enabled by proprietary platform and in-house dev team

Robust, comprehensive product suite spanning across the full loan lifecycle

Our product suite and analytics improve cycle times and lower cost of origination

Integrated product suite

One-click sequencing

Order all or a selection of Xactus in one click, allowing to "set and forget" and reduce chances of missed reports and delays in closing

Real-time asset and liability

Real-time updates on consumers e.g., via push notification to reduce supplement-driven delays during pre-close

Data and analytics

Pre-qualification guidance

Customer profiling service to predict complexity of mortgage application and enable adequate resource allocation

Our customer service tools improve cycle times and front-line productivity

Customer service excellence:

Transparency tools

Detailed monitoring of all orders and requests in web portal or mobile app to improve process efficiency and resource allocation

Scheduling tools

Consumer-facing suite (e.g., advance call notifications, intuitive calendaring) to enhance their experience when engaging with you

Easy vendor to work with:

Vendor management

Suite of reports and services (e.g., KPIs on our performance, one contract signature) to simplify your vendor management processes

Xactus was the first thirdparty service provider to launch Encompass PartnerTM

Currently Available:

 Credit ReportX

 Income VerificationX

 Employment VerificationX

 Social Security Number VerificationX

 Undisclosed Debt VerificationX (ASO capabilities)

 Tax TranscriptX

 Fraud ReportX

 Flood ReportX

Xactus won the 2023 ICE Lenders’ Choice Award for working with ICE Mortgage Technology customers to access verifications for credit, employment, Social Security, and undisclosed debt all within Encompass. Xactus solutions enhance the verification process by bundling verification services and seamlessly plugging that information into the loan lifecycle.

Company Awards

Subject Matter Experts

Xactus is committed to providing next-level customer service at every stage of the mortgage process. A core example of this is our subject matter experts, who are committed to helping our customers understand our solutions inside and out. Our SMEs are available for insightful webinars, and can help you get the most out of your partnership with Xactus:

 Tiffany Saraceno, Senior VP Sales - Subject Matter Expert, Appraisal FirewallX

 Steve Murchison, Vice President, Property Solutions - Flood Sales - Subject Matter Expert, Flood ReportX

 Griff Durham, Quality Control Risk Manager - Subject Matter Expert, QA/QC Risk

 Steve Haftmann, President - Tenant Screening - Subject Matter Expert, Tenant Screening

 Greg Plunkett, Sales Account Executive - Subject Matter Expert, Business Data

 Rosa Mumm, VP of Score Optimization – Subject Matter Expert, Score Optimization

 Jane House, VP of Data Solutions – Subject Matter Expert, Data Solutions

 Jack Bourlas, VP of Data Solutions – Subject Matter Expert, Data Solutions

 Denise James, SVP of Quality Control & Fraud Solutions – Subject Matter Expert, Fraud and QC

 Scott Ostendorf, EVP of Verifications Services – Subject Matter Expert, Verifications Services

Our journey

Consolidate our offering

Expand and enhance our products

Continuously innovate

2023-2024

2021

Combined 7 leading mortgage verification companies

(75yr track record, 6,500+ clients, 12 service centers, 900 people)

2022-2023

Xactus360 available

Complete, sophisticated suite of products for full loan lifecycle that allow for custom enhancements

2023

First wave of new products: Enhanced customer experience via customizable reports (e.g., CRx v1, TaxStatus instant IRS transcripts), and higher transparency and engagement (e.g., Transparency tools v1)

Third wave of enhancements: Optimize cycle times and increased productivity with full roll-out of enhanced product suite

2022

Launched Xactus “to advance the modern mortgage”

2023

Modern tech-enabled products are completely integrated with your LOS/POS and workflows

2025

Xactus continues to partner with you to continuously improve the mortgage experience

2023-2024

Second wave of new products: Improve cycle times and productivity via "smart" reports with customizable rules and flags (e.g., Fraud 2.0+ v1), and improved operations (e.g., Scheduling tool v1)

We want to work closely with you along the way!

This is just the beginning! We will ideate on this roadmap to consistently innovate

Engaging with you is critical to our ambition and offer you with the best enablers for success

We're excited to collaborate with you in various settings: customer councils, quarterly meetings and industry forums

We welcome your feedback and look forward to partnering with you to deliver the modern mortgage experience

Appendix –Product Overviews

The Xactus Modern Mortgage Verification Suite

Pre-application

Application

Processing

Underwriting

Pre- and PostClosing/Servicing

 Lead Generation

 StartMyApplicationX

 Pre-QualificationX

 QualifyMeNowX

 Pre-Appx

 Credit ReportX

 Trended data

 Disclosures

 Score Optimization Tools

 Fraud ReportsX

 Liens & Judgments Reports

 Identity Verifications

 OFAC Alerts

 SupplementX

 Employment and Income VerificationX

 Asset VerificationX

 Appraisal FirewallX

 AVMsX

 Undisclosed Debt VerificationX

 Flood ReportX

 Tax TranscriptX

 Social Security VerificationX

 Fraud ReportX

 Property Detail Report

 COMPARE and Reverification Tools

 AVMsX

 SupplementX

 Fraud ReportX

 Participant Report

 Appraisal ScorecardX

 VerisiteX

 Undisclosed Debt VerificationX

 Refreshed credit reports

 QC ReviewX

 Final verification of assets

 Final verification of employment

 Fraud ReportX

 Mortgage Participant Detail Report

 Post-Closing QC

 Re-verifications: Assets and

 Employment / Income

 QC Forensic Reviews

 Portfolio MonitoringX

 HDMA Reporting

 Appraisal ScorecardX

 VerisiteX

 Set parameters with 1-3 bureaus

 Protect consumer from trigger alerts

 Cascade to hard inquiry when requirements are met

 Include trended data in your reports

 Issue binding credit offers

 Bill consumers upfront for credit pulls

 Pull soft credit inquiry on consumer

 Can be pulled as a 1, 2 or 3 bureau

 Access to share/reissue to GSEs, AUS, TPO, Wholesale, etc.

 Integrate with your existing technology

 Build automated decisioning rules directly into workflows

 Customize reports

 Order and fulfill risk-based pricing credit score disclosures

 Obtain supplements quickly with SupplementsX and Express SupplementsX

– Experienced customer service/supplement team

– Most completed within 24-48 hours

– No rush fees

Score Optimization

Online Score Optimization Tools

 CreditXpert® What-If Simulator™

 CreditXpert® Wayfinder™

Receive Rescores Fast

 Dedicated service department

 Completed within 5 days

Obtain Expert Credit Score Analysis

 Acts as an extension to your business

 Conducts in-depth file analysis, individualized action plans

Verifications

 Online databases

– The Work Number®

– Experian Verify™

– Other databases

– Cascade to manual

– Day 1 Certainty®

 Manually

– Uniform, auditable process

*Equifax Workforce Solutions is a business unit of Equifax Inc., Atlanta, Georgia. Xactus is an authorized reseller of products and services provided through Equifax. The Work Number® is a registered trademark of TALX Corporation, a wholly owned subsidiary of Equifax Inc.

Verifications (cont.)

 Real-time data

 Provided directly from FI

 Repull for up to 90 days

 Day 1 Certainty

 Automated IRS data feeds with up-to-theminute IRS information

 Order via direct IRS feed or online via 4506-C

 Fast turn times

 Day 1 Certainty

 Confirm SSN matches what’s on file at SSA

 Order online

 Easily track order status throughout the process

 Process individually or in batches

Verifications (cont.)

 Monitor credit activity during loan process

– 3-bureau monitoring

– Obtain alerts

– Verify new debt or liabilities haven’t occurred

Data Solutions

Acquire new customers

 Batch Pre-screen FICO based credit data (1-3 bureau)

 Invitation to Apply (ITA) non-credit data

Determine where lost leads went Mine existing portfolio for leads / mitigate portfolio runoff

 Monitor 3 bureaus

 Easily set qualifying criteria

 Receive fresh data

Determine why you are losing loans in your portfolio

 Benchmark performance

 Adjust retention strategies

 See if applicants closed with a competitor

 Understand what competitive pressures negatively impacted growth

 Assess pipeline fallout

Fraud Detection & QA/QC Risk Mitigation

 1-stop validation process

 Performs risk assessment

 Detects application problems

 Fully customizable

 3 Reports: Consumer, Property and Participant

 Pre-closing (24-48 hour turn time) and post-closing (30 day turn time) services

 Reduce repurchase and default risk

 Early Payment Default and Forensic reviews

 Agency and secondary market overlays

 Buyback protection available

Property

 Manage and track appraisal orders automatically

 Meet compliance requirements

 Fast and accurate property estimates

 Cascade option obtains the most accurate AVM, maximizes hit rate

Visit xirisvaluations.com for more information.

Property (cont.)

 Manage your own appraisal process

 Work with your own trusted appraisers in a compliant manner

 Configure valuation monitoring tools to your workflow

 Comply with regulations

 Obtain real-time property insights

 Innovative mobile solution that provides interior/exterior photos and video inspection property reports

 Modernize your appraisal review process

 Catch any issues with appraisal completeness

 Enhance your quality assurance while reducing risk

Property (cont.)

 Protect your investments from the costliest natural hazard

 Quickly assess flood risk and stay fully compliant

 Receive easy-to-understand, high quality flood zone reports

 Accurately evaluate real-time flood data

 No close, no pay

Wide range of flood risk-related services including:

 LOMA processing

 Elevation certificates

 Replacement Cost Value estimates

 Private flood insurance policy reviews

 Flood risk data and scoring