Alternative Credit
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
Industry Challenge
Lenders need access to accurate and real-time data to make more informed lending decisions. However, collecting the necessary data to access credit risk is time consuming. At the same time, borrowers demand a seamless origination and approval process.
Truv Solution
By enabling your applicants to connect directly to their payroll account, Truv provides you verified identity, income, and employment data points that you need within 60 seconds. Moreover, Truv enables you to approve more applicants by enabling them to pay their loan directly from their paycheck, thus enabling you to lend to more applicants.
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.
Current Employer
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.
96%
coverage of Fortune 1000 companies
50+
supported payroll providers
12,800+
direct employer integrations with 2.3M employers
Truv is Enterprise-Ready and FCRA Compliant
What Our Clients Say About Truv
ClearChecks
Charlie Cafazza
Co-Founder
“We’re seeing a renewed focus on the sovereignty of personal data that’s only going to increase as consumers understand more about how their data is used, sold, or protected. Truv will become ubiquitous for verifications”
S2Verify
Bryan Zimbardi
Research Manager
“We’ve completely moved away from my previous vendor for verifications. Truv has helped us improve turnarounds and coverage for our clients, while being a trusted partner. Whenever we’ve had suggestions or needed help, Truv is there for us.”
OpenRoad Lending
Jeff Austin
CFO
“Truv has helped us speed up and automate employment and income verification, which also speeds up the loan process, saving both OpenRoad Lending and our customers time and money.”
S2Verify
Bryan Zimbardi
Research Manager
“Truv’s applicant experience was the cleanest among the vendors we evaluated. The screening process needs to be frictionless for the applicant, and Truv’s applicant interface made it the obvious choice.”
Capture Alternative Credit Data with Truv
Let’s partner together to accomplish your business objectives