DS News

MortgagePoint September 2023

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

Issue link: http://digital.dsnews.com/i/1507718

Contents of this Issue


Page 9 of 99

MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 8 September 2023 M T E C H XACTUS LAUNCHES NEW PROPRIETARY TECH PLATFORM, XACTUS360 X actus has announced the next generation of its proprietary tech- nology platform, Xactus360, further modernizing the mortgage process for lenders. Xactus360's features allow lenders to improve workflows and create greater efficiencies. Xactus360 features a single login that allows them to quickly access Mortgage Credit and Pre-Qualification reports, saving time. Clients may also select criteria based on scores or multiple delinquency factors in order to stop or upgrade a credit pull for greater cost savings and more streamlined workflows. "At Xactus, our passion for excellence compels us to continuously push boundaries and reimagine what's possible. That's why we have made substantial investments in inno- vation and research to ensure that Xactus360 constantly incorporates best practices, a wealth of mortgage experience, and customer input to deliver an intuitive user experience unlike any other," said Shelley Leonard, President of Xac- tus. "Xactus360 is just another way Xactus is continuing to advance the modern mortgage." The platform's new tagline, "Revolving Around You," represents Xactus360's ultimate purpose—to serve the evolving needs of the customers who use it. Xactus360 empowers lenders to compare reports throughout the loan process; shorten turn times for supple- ments; customize outputs to minimize chang- es; set advanced user access controls; work more efficiently; improve automation; and gain real-time visibility into invoices. Xactus currently has more than 6,500 clients, ranging from large bank and nonbank mortgage originators, to credit unions and mortgage brokers. PLANET HOME LENDING TAPS MYLO AS EXCLUSIVE HOME INSURANCE SOLUTION N ational mortgage lender and servicer Planet Home Lending has selected insurtech provider Mylo to provide home insurance options to its borrowers. Planet Home Lending's customers will be able to use Mylo's Amplifi insurance intelligence platform to comparison shop and take advan- tage of better insurance options. Planet Home Lending features a stream- lined home loan experience, and embedding Mylo into this experience enables Planet Home Lending to bring speed and ease to the home insurance shopping experience. Homeowners who let their insurance pol- icies automatically renew without comparing other options may miss opportunities to pay less or obtain more complete coverage. They may continue a policy that doesn't cover recent renovations or additional valuables, or respond to changing insurance requirements. Mylo helps shield customers from surprise expenses by quoting favorable combinations of coverage and price. "We care about helping people achieve the dream of homeownership," said Michael Dubeck, CEO and President of Planet Finan- cial Group, parent of Planet Home Lending. "We also want to ensure homeowners select insurance that will continue to protect their investment." In addition to home insurance, Mylo connects Planet Home Lending's borrowers with personalized coverage for a wide range of needs—including auto, motorcycle/recreation- al vehicles, life, business insurance, and more. "Homeowners may not always know what coverage they need—or have an easy way to evaluate new options and switch to something better. Mylo automates that task for today's busy homeowners," Mylo CEO David Embry said. "We're proud to enhance Planet Home Lending's outstanding services with our guided insurance shopping experience." "Homeowners may not always know what coverage they need—or have an easy way to evaluate new options and switch to something better. Mylo automates that task for today's busy homeowners." — David Embry, CEO, Mylo

Articles in this issue

Archives of this issue

view archives of DS News - MortgagePoint September 2023