Xactus acquires Baleen Solutions, expanding mortgage income analysis capabilities

Xactus, a fintech company specializing in verification solutions for financial services, on Monday announced it has acquired Baleen Solutions, a technology provider focused on automated income analysis for self-employed borrowers.

The acquisition expands Xactus360, the company’s intelligent verification platform, by adding new income analysis technology branded as Income CalculationX.

Built on capabilities acquired from Baleen, the technology is designed to help mortgage lenders evaluate complex income scenarios more quickly and consistently.

The deal comes as borrower income profiles grow more complex, said Shelley Leonard, president of Xactus.

“Self-employed income has long been one of the most challenging areas to evaluate consistently,” Leonard said in a statement. “Baleen’s technology strengthens our ability to deliver intelligent verification at scale, helping our clients reduce manual effort while improving transparency, documentation, and efficiency.”

Baleen’s proprietary technology automates income analysis by extracting and organizing data from tax documents. Once integrated into Xactus360, Income CalculationX will use machine-driven document recognition to process tax records without human involvement, creating an auditable workflow between loan originators and underwriters while improving efficiency and consistency.

Baleen previously announced a collaboration with Fannie Mae aimed at streamlining income calculation workflows for lenders.

“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.”