Xactus, a verification service provider for the banking and mortgage industries, has acquired MassiveCert, a data and technology leader in residential national flood data and technology. MassiveCert will now operate under the name Xactus Flood Solutions.
“We are excited to acquire MassiveCert and introduce additional innovative flood data solutions to our mortgage clients, and also establish our presence in the insurance industry,” Xactus Chairman and CEO Perry Steiner said. “This acquisition is an extension of our strategy to offer a complete technology and data solution set for our mortgage industry clients. We will continue to both acquire and develop industry leading proprietary technologies that allow for workflow efficiency for our clients.”
“The acquisition of MassiveCert supports our objective of advancing the modern mortgage by allowing us to more comprehensively address our clients’ flood risk assessment needs,” Shelley Leonard, president of Xactus, said.
“Our team is excited to be joining Xactus. The synergy between our companies was apparent from the onset, and the acquisition allows us to deepen our relationships in the mortgage industry,” said Josh Price, co-founder of MassiveCert.
“We look forward to working with Xactus customers with a wider breadth and depth of flood services and are thrilled to become part of a company that is forward-thinking and committed to building something truly unique,” said Eric Ratcliffe, co-founder of MassiveCert.
Xactus is comprised of the merged family of companies that includes Credit Plus, Universal Credit Services, CIS Credit Solutions, Avantus, DataFacts Lending Solutions and MassiveCert.