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Xactus, a verification vendor for the mortgage industry, announced that Michael Crockett has been promoted to the newly created role of chief data officer.
Crockett will develop and manage the data strategy for Xactus, including data-related functions such as data management, data science and the continual advancement of data innovation.
“Michael is a trusted and valuable member of our team and is well qualified to lead in this critical area. This role has been established to manage one of our most valuable strategic assets – our data. With Michael at the helm, I am confident our efforts to continually expand and strengthen our data offering will help lenders close more loans more quickly and demonstrate our unrivaled commitment to their success,” Perry Steiner, chairman & CEO of Xactus, said.
As chief data officer, Crockett is responsible for providing strategic direction around Xactus’ data strategy, developing new data analytics capabilities and products and working closely with the technology team to extend the power of Xactus’ data and analytics offerings.
With almost 25 years of experience, Crockett brings an abundance of expertise and leadership to his position. Crockett was formerly executive vice president of data solutions at Xactus and served as EVP of product development at Credit Plus prior to Xactus’ acquisition of the company in September 2021.
Crockett joined Credit Plus in 2013 to create its QA/QC division. Prior to that he held several senior executive roles at a national mortgage information company including senior strategic executive and EVP of Operations.
He is on the Consumer Data Industry Association Board and oversees and manages all of Xactus’ mortgage industry collaborations/co-ops including The Mortgage Collaborative, Lenders One, and Capital Markets Cooperative. He also formerly served on several advisory boards for mortgage industry associations and the credit bureaus. Crockett has a B.S. in Accounting from Stephen F. Austin State University.
“I’m thrilled to be stepping up and taking broader ownership of our data and analytics initiatives across Xactus,” Crockett said. “I know that data solutions are key to the industry’s ongoing transformation and I’m grateful to be in a role where I can have a significant and positive impact.”
Xactus is comprised of the merged family of companies that includes Credit Plus, Universal Credit Services, CIS Credit Solutions, Avantus and DataFacts Lending Solutions.