Xactus adds Mortgage Credit Link
Across mortgage lending, lenders are seeking consistent credit and verification data ordering as borrower profiles, regulatory dynamics and data requirements shift.
Takeaways
- Mortgage Credit Link is a web-based order fulfillment hub that streamlines credit and verification data ordering from application to closing.
- Xactus is acquiring Mortgage Credit Link with backing from Lovell Minnick Partners.
- The business serves mortgage lending.
Xactus added Mortgage Credit Link, web-based mortgage credit and verification workflow software.
The order fulfillment hub streamlines credit and verification data ordering for lenders from application to closing.
The business will operate as XedaLink, an independent subsidiary of Xactus, while continuing to serve clients and partners within its existing framework.
“As the market continues to evolve, so must the way we support it,” said Perry Steiner, Founder and CEO of Xactus.
Lovell Minnick Partners backs Xactus; Terms were not disclosed; J.P. Morgan, Kirkland & Ellis and McDonald Hopkins advised Xactus.
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