Xactus Acquires Baleen Solutions, Expanding Intelligent Verification for Self-Employed Income
Xactus, a fintech and market leader in verification solutions across financial services, has announced the acquisition of Baleen Solutions, a technology provider specializing in automated self-employed income analysis.
The acquisition strengthens Xactus360, the company’s Intelligent Verification Platform™, by adding advanced income analysis capabilities now offered as Income CalculationX. Built on Baleen’s technology, the solution helps lenders evaluate complex income scenarios faster, more consistently, and with greater confidence.
Addressing the Growing Complexity of Income Verification
Borrower income is increasingly multi-source, with nearly 40% of Americans reporting they earn income through a secondary source. As lender workflows evolve to support changing borrower profiles, traditional manual income analysis has become harder to scale and standardize.
“Self-employed income has long been one of the most challenging areas to evaluate consistently,” said Shelley Leonard, President of Xactus. “Baleen’s technology strengthens our ability to deliver intelligent verification at scale, helping our clients reduce manual effort while improving transparency, documentation, and efficiency.”
How the Acquisition Enhances Xactus360
Baleen’s proprietary technology automates income analysis by extracting and organizing data directly from tax documents. Once integrated into Xactus360, Income CalculationX leverages machine-driven document recognition to process tax documents without human involvement.
This creates a fully auditable workflow between loan originators and underwriters while improving efficiency and consistency across income calculations. Baleen previously announced a collaboration with Fannie Mae to support this workflow, helping make automated income calculation more accessible for lenders.
A Shared Vision for Modern Verification
“This acquisition represents a shared vision for how verification should work,” said Zac Campeau, CEO of Baleen Solutions. “By combining Baleen’s automation with Xactus360, Xactus is modernizing income analysis through technology that is faster, more consistent, and fully auditable.”
The acquisition builds on Xactus’ existing Verification of Employment and Income solutions and reflects the company’s continued momentum in expanding the Xactus360 platform into a unified, configurable verification ecosystem.
What This Means for Mortgage Lenders
For mortgage professionals, the addition of Baleen’s technology delivers meaningful operational benefits:
- Faster self-employed income analysis
- Reduced manual review and rework
- Improved consistency and documentation
- Fully auditable income calculation workflows
- Greater confidence in complex borrower scenarios
By integrating specialized income analysis into a single platform, Xactus helps lenders adapt to borrower complexity while reducing operational risk.
About Baleen Solutions
Baleen Solutions is a fintech service provider specializing in automated income analysis for self-employed individuals. Serving lenders, tax professionals, and wealth management organizations, Baleen leverages machine vision and data processing technology to deliver fast, accurate, and auditable income insights.
About Xactus
Xactus is a leading verification innovator advancing intelligent verification across financial services. Through its proprietary Xactus360 Intelligent Verification Platform™, the company delivers advanced data and technology solutions that help organizations make better decisions faster while increasing efficiency and reducing operational waste.
FAQs
Who is Xactus?
Xactus is a verification technology company delivering intelligent verification solutions across financial services through its Xactus360 platform.
Who is Baleen Solutions?
Baleen Solutions provides automated income analysis technology focused on self-employed borrowers using machine-driven document recognition.
What is self-employed income analysis?
Self-employed income analysis evaluates complex income streams using tax documents and financial data to determine borrower eligibility and risk.
How does Income CalculationX help lenders?
Income CalculationX automates tax document analysis, reduces manual effort, and creates auditable workflows between loan originators and underwriters.
Why is automated income verification important?
Automation improves speed, consistency, and transparency—helping lenders scale operations while reducing errors and compliance risk.
