Data by Truv
Truv enables lenders to make better lending decisions with accurate and real-time access to consumer-permissioned income and employment data that supplements a traditional credit score.
Trusted by Industry Leaders and Innovators
Collecting, recording, and verifying income and employment data can drain precious time and resources while still not giving you all of the data points that you need to assess credit worthiness of your customers.
By enabling your users to connect directly to their payroll account, Truv provides you verified identity, income, and employment data points that you need within 60 seconds. This data is delivered in real-time to minimize fraud risk and drive cost savings compared to manual labor.
How Truv Works
User selects their income source through either their employer or payroll provider
User signs in to enable access to their payroll account to another organization
The connection is successfully established and the data is available via API and the Truv dashboard
Data Fields That Can Be Used as Alternative Credit Data Points
Verify Applicant Identity
Confirm that the applicant’s full name, SSN, email, date of birth, and home address match what was provided.
Employment History Data
Look at prior employment of the applicant to determine how stable their previous employment has been.
Types of Income
Easily differentiate between base compensation and other more inconsistent sources of income such as bonus, commissions, and overtime.
Access the employer’s name to determine if the applicant works for a small vs. large organization and in what industry.
Verify Account & Routing Number
Verify an applicant’s account and routing number to facilitate automatic payments directly from their bank account.
Length of Current Employment
Understand the applicant’s start date for their current role and their start date at the organization to evaluate how likely they are to be at the organization moving forward.
Job Title & Other Employment Information
Verify that the applicant’s employment is still active and receive their job title to evaluate seniority within the organization and what functional area they work in.
Best-in Class Coverage
We successfully connect to payroll accounts and employers covering over 85% of working Americans.
coverage of Fortune 1000 companies
supported payroll providers
direct employer integrations with 2.3M employers