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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 8 May 2025 M T E C H BSI LAUNCHES TECH-DRIVEN HELOC SOLUTION B SI Financial Services has released a specialized Home Equity Line of Credit (HELOC) subservicing solution designed to address critical inef- ficiencies in the HELOC servicing market. "HELOCs aren't a side business— they're an important portfolio driver for our clients," said Allen Price, SVP of BSI Financial. "We recognized that traditional servicing approaches weren't meeting the unique demands of HELOC portfolios, so we've developed a comprehensive solution that transforms the experience for both lenders and borrowers." BSI Financial's HELOC subservicing solution features four key components: • Frictionless Borrower Access: A checkbook-style system that allows homeowners to make instant, self-service draws on their HELOCs. • Risk Mitigation at Scale: Real-time foreclosure tracking paired with ear- ly intervention strategies protect the performance of HELOC portfolios. • Investor-Grade Reporting: Clear, precise data dashboards give lenders confidence when measuring portfo- lio growth and performance. • Fintech-Powered Compliance: BSI Financial's proprietary Libretto compliance engine ensures adher- ence to essential regulations like the Real Estate Settlement Procedures Act (RESPA), and state requirements, right from the start. BSI Financial's proprietary technol- ogy stack, including Libretto, automates daily quality assurance, reduces process- ing errors, and helps identify potential issues before they impact customers. BSI's ASSET360 provides lenders and investors with real-time visibility into asset status and performance. Both systems help build confidence among lenders and servicers, consumers, investors, and regu- latory agencies. "Our clients have been asking for a better way to service their growing HELOC portfolios," Price added. "With this solu- tion, we're not just fixing the broken parts of HELOC servicing—we're reimagining the entire process to deliver more value to investors, lenders and borrowers." XACTUS RAMPS UP VERIFICATIONS WITH NEW TOOL F intech provider Xactus has intro- duced a new class of technology called "Intelligent Verification." Built on insights derived from verifica- tion data, Intelligent Verification shifts how the industry originates and services mortgages—from inefficient, inflexible manual processes, to dynamically config- urable workflows. Intelligent Verification harnesses real-time insights to power automated actions, enabling quicker decision-making, while reducing waste and redundancies. Xactus360, an Intelligent Verification Platform (IVP), integrates with existing POS and LOS systems to provide verifi- cations. This allows clients to eliminate unnecessary data pulls and improve next- best actions, facilitating greater efficiency throughout the loan life cycle. "Our IVP and decisioning logic enable different software systems to work together without friction, supporting cleaner interactions and integrations. Intelligent Verification delivers the right data at the right time—empowering faster, more informed loan decisioning," said Shelley Leonard, President of Xactus. "Xactus has reached a pivotal moment —our future is in fintech as we keep advancing the modern mortgage through innovation." An IVP is a data-driven, scalable delivery vehicle that reframes how, what, and when verifications occur. Focused "HELOCs aren't a side business— they're an important portfolio driver for our clients." —Allen Price, SVP of BSI Financial