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7 April 2025 M T E C H April 2025 » XACTUS REVEALS OPEN API PORTAL I n order to facilitate a quicker and simpler process for partners to connect their own tools or platforms with Xactus360, an Intelligent Verification Platform (IVP), Xactus has announced the launch of its open API gateway. "Launching our open API portal is a major milestone in Xactus' journey to becoming a true fintech," said James Ow- ens, Chief Technology Officer of Xactus. "We are setting a new industry standard with the most complete, transparent, and developer-friendly API documentation available. This portal is a testament to our commitment to being the easiest partner to integrate with, ensuring our customers have everything they need to seamlessly connect with us." The open API from Xactus will enable it to grow the mortgage ecosystem, enhance customer satisfaction, cultivate stronger alliances and improved team- work, and increase scalability. By making its entire suite of APIs available, Xactus is advancing the contemporary mortgage. VEROS LAUNCHES OPTIMIZED INDEPENDENT THIRD-PARTY TESTED AVM CASCADE V eros Real Estate Solutions announced the presentation of ValuSTREAM, a new automated valuation model (AVM) cascade solution, to the housing finance sector. Through Acuity and other direct interfaces, VeroSELECT and Valligent are now offer- ing this new option. Through quarterly independent, third-party AVM testing for thorough due diligence, ValuSTREAM guaran- tees performance and dependability. To maximize AVM performance, this testing, which is powered by CoreLogic OptiVal, makes use of both purchase and non-pur- chase data. As a separate AVM testing unit within CoreLogic, OptiVal is vendor agnostic, which means that it uses only actual testing data to determine which AVMs are the best. "Lenders need valuation solutions that provide transparency and performance they can trust," said Eric Fox, Chief Econ- omist and SVP of Analytics at Veros. "By continuously refining AVM selection at the county level and ensuring the highest standards of data integrity, we are deliver- ing a solution that enhances underwriting efficiency and reduces valuation risks." Veros' most recent solution offers customized valuation methodologies that correspond with certain corporate goals. ValuSTREAM offers a versatile frame- work that may meet a range of needs, whether the goal is accuracy, market coverage, or a balanced approach. It is a reliable option for financial organizations managing regulatory obligations because it satisfies compliance criteria as well. "As the industry-leading AVM cas- cade solution, CoreLogic's OptiVal is the ideal solution to support ValuSTREAM," said Sage Nichols, SVP, Collateral and Risk Solutions at CoreLogic. "Our unique data, analytics, and cascade management will provide an ideal offering for clients who need a proven, compliant offering to address their lending needs." SNAPDOCS UNVEILS AI-POWERED QUALITY CONTROL TO ENHANCE MORTGAGE CLOSINGS Q uality Control (QC) and Trailing Document Management are two new features that Snapdocs has unveiled. The company's larger plan to automate the intricate closure procedures outside of the eSignature includes these developments. With Funding QC and Post-Close QC, Snapdocs Quality Control auto- mates two crucial steps in the manual and error-prone file review process for lenders. With 99% accuracy in detecting document problems, the AI-powered solution frees teams from having to go through every page and concentrate solely on issues that have been detected. "Funding QC is a game-changer. We no longer have to comb through every document manually, and focus only on the minor exceptions," said Chris Lekousis, VP of Operations at Preferred Rate. "The system instantly alerts both us and the settlement agent if an error pops up. Then it's resolved within a min- "Lenders need valuation solutions that provide transparency and performance they can trust ... We are delivering a solution that enhances underwriting efficiency and reduces valuation risks." —Eric Fox, Chief Economist and SVP of Analytics, Veros