Xactus Announces Strategic Partnership with Plaid to Expand Intelligent Verification Options for Mortgage Lenders

Partnership will add Plaid's Verification of Assets solution to Xactus360, the industry's first Intelligent Verification Platform ^SM .

PHILADELPHIA, Oct. 20, 2025 /PRNewswire/ -- Xactus, a fintech and market leader in verification solutions for the mortgage industry, today announced a new strategic partnership with Plaid, a global financial data network. The collaboration will bring Plaid's FCRA-compliant Verification of Assets (VOA) solution, to Xactus360, expanding the platform's intelligent verification capabilities for mortgage lenders.

The integration, once developed, will make it easier for lenders to leverage Plaid's familiar and secure account linking experience which delivers conversion rates as high as 80% in lending flows. Once a consumer consents to share their bank account data, lenders can access a comprehensive VOA Report with up to 2 years of categorized inflows and outflows, average account balances, asset derived income, and more while maintaining compliance and data integrity across the mortgage process.

"Plaid is one of the most recognized and trusted fintech platforms in the world, and their verification technology is already used by one in two Americans with bank accounts," said Thomas Lloyd, Chief Strategy Officer at Xactus. "By bringing Plaid's VOA solution into Xactus360, we are giving lenders another powerful option within our Intelligent Verification Platform that makes verification faster, simpler, and smarter for both lenders and consumers."

"Real-time, consumer-permissioned data is transforming how lenders assess risk and serve borrowers," said Jonathon Gurwitz, Credit Partnerships Lead at Plaid. "By partnering with Xactus, Plaid is making single source data for digital verification more widely accessible to mortgage lenders. Our joint customers will be able to instantly verify assets to improve operating efficiency, enhance the borrower experience, and ultimately, close loans faster."

This partnership reinforces Xactus' commitment to providing lenders with unmatched flexibility and optionality. Through continuous innovation, Xactus is expanding the breadth and depth of its Intelligent Verification Platform, offering clients the ability to configure workflows that best suit their business needs.

Lenders using Xactus360 will be able to access Plaid's VOA solution directly within their existing workflows, alongside credit, income, and employment verifications, to streamline processes and accelerate loan decisioning. The solution is also compatible with Fannie Mae's Desktop Underwriter^® (DU^®) validation service and Freddie Mac's Loan Product Advisor^® (LPA^®) asset and income modeler (AIM).

"Our goal has always been to enable lenders to make better mortgage decisions faster," said Mike Brown, Chief Product Officer at Xactus. "This partnership with Plaid represents another important step in that journey, helping lenders reduce cycle times and costs while meeting GSE eligibility requirements. Lenders will be able to verify everything they need, all in one place."

This collaboration is part of Xactus' ongoing expansion of its Intelligent Verification Platform. By continuing to partner with industry leaders and adding new layers of innovation, Xactus is redefining what's possible in mortgage verification.

The journey of Intelligent Verification continues.

About Xactus

Xactus – a leading fintech specializing in verification solutions for the mortgage and financial services industries – leverages advanced technology and industry expertise to provide innovative solutions that streamline loan origination and servicing processes. Its Intelligent Verification Platform^SM, Xactus360, enables clients to make better mortgage decisions faster while increasing efficiency and reducing waste.

To learn more, visit xactus.com or contact [email protected].

For media inquiries, please contact [email protected].

About Plaid

Plaid is a data network that serves as the analytics layer for financial services. Plaid's data analytics solutions deliver faster, safer onboarding, credit decisioning, payments, and anti-fraud. Plaid works with thousands of companies, including fintechs, Fortune 500 companies, and many of the largest banks to empower people with more choice and control over how they manage their money. Headquartered in San Francisco, Plaid's network spans over 12,000 institutions across the U.S., Canada, U.K., and Europe. To learn more, please visit plaid.com.

SOURCE Xactus