As an authorized asset report supplier for Fannie Mae’s Desktop Underwriter® (DU®) validation service, Truv is delivering unprecedented efficiency and accuracy to the lending process while providing lenders with the confidence of Day 1 Certainty®.

The Challenge of Traditional Asset Verification

Traditionally, verifying a borrower’s assets has been one of the most challenging and time-consuming aspects of the loan approval process. The manual paper chase, redundant document requests, and lengthy processing times have long frustrated both lenders and borrowers. But Truv VOA is changing that narrative entirely. Hear insights from Fannie Mae on transforming VOA using a 12-month asset report:

A Streamlined Vision Becomes Reality

Imagine this scenario: As your borrowers begin their loan application, they can effortlessly link their financial accounts through Truv’s secure platform, providing you with instant access for same-day underwriting. What’s more? You can verify income, employment and assets from a single source of data. This isn’t just wishful thinking—it’s the reality that Truv delivers to over 150 mortgage lenders.

Comprehensive Verification in One Solution

A 12-month report using Truv VOA provides lenders with more qualification opportunities and more representation and warranty relief opportunities than ever before. The platform delivers:

  • Income verification – Accurate, real-time income data 
  • Employment verification – Current employment status and history 
  • Asset verification – Complete financial picture from connected accounts
  • Rent payment history – Automated identification of rent payments $300+ per month 
  • Cash flow assessment – Comprehensive transaction assessment to enhance a borrower’s credit assessment

Income, employment and asset verifications are eligible for representation and warranty relief and are delivered in seconds, not days.

Operational Excellence and Cost Savings

Truv VOA eliminates the inefficiencies that have long plagued the verification process. The solution:

  • Eliminates document retrieval needs – No more chasing borrowers for bank statements
  • Streamlines the upload process – Direct data connection removes manual steps
  • Expedites processing times – Verification happens in real-time
  • Avoids redundant document requests – Comprehensive data capture in one pull

The financial impact is substantial. Lenders save 60-80% on verification costs by reducing dependence on traditional, more expensive verification methods.

Truv VOA Expands Opportunities for Loan Approvals

On-time Rent Payments 

Designed specifically to help more renters become homeowners, Truv’s 12-month asset report with complete transaction history can be submitted to DU to identify qualifying rent payments of $300 or more per month. This innovative approach recognizes that consistent rent payment history is a strong indicator of a borrower’s ability to manage housing payments responsibly.

Truv Reports automatically tag rent payments within the transaction data, eliminating the need for manual identification and reducing the risk of overlooking this critical creditworthiness indicator. For homebuyers who may have limited credit history but have demonstrated financial responsibility through consistent rent payments, this feature can be the difference between loan approval and denial.

Cash Flow Assessment Analysis

Truv’s cash flow assessment capabilities help provide a more comprehensive view of a borrower’s finances, including borrowers without credit scores, and may increase opportunities for homeownership.

When a 12-month asset report with complete transaction history is submitted to DU, DU will assess the borrower’s cash flow by reviewing transaction patterns and balance trends in order to enhance its risk assessment for the loan. Truv Reports automatically categorize and tag a wide range of transaction types, providing underwriters with unprecedented visibility into:

  • Income variability and consistency over time
  • Spending patterns and financial discipline
  • Seasonal income fluctuations common in gig work
  • Overall financial health beyond traditional metrics

This automated categorization eliminates manual review time while ensuring that no critical financial indicators are missed in the underwriting process.

A VOA Partner That Delivers Results

Beyond these specialized programs, Truv VOA delivers everything lenders need from one trusted, borrower-permissioned source. The platform offers: 

  • Customizable data scope and lookback periods: Tailor reports to specific lending requirements including history and accounts
  • Leading conversion rates: Averaging 65-70% end-to-end conversion rates
  • Leading coverage: Over 13,000 financial institutions 
  • Leading OAuth connections: 75%+ of users connect through OAuth 
  • Deposit-based re-verifications: With configurable report options

Truv isn’t simply digitizing the same old workflow—it’s innovating verifications from the ground up. The platform’s consumer-permissioned approach ensures borrower consent while providing lenders with direct-to-source data that reduces risk and increases confidence.

The Trifecta of Verification Excellence

By bringing comprehensive asset verification capabilities DU, Truv completes the trifecta of income, employment, and asset verification that lenders need. This isn’t just about adding another data source—it’s about fundamentally transforming how lenders approach the entire verification process.

When asset data is validated through the DU validation service using data from Truv, Fannie Mae provides Day 1 Certainty. This means lenders can:

  • Increase loan quality and reduce repurchase risk through validated data
  • Streamline large deposit verification with reduced documentation requirements
  • Enhance the borrower experience by minimizing paperwork and accelerating approvals
  • Improve operational efficiency with direct-to-source data validation

The Future of Mortgage Lending

As the mortgage industry continues to evolve, solutions like Truv VOA aren’t just helpful—they’re essential for lenders who want to remain competitive while providing exceptional borrower experiences. The future of mortgage lending has arrived, and it’s powered by Truv’s comprehensive verification platform.

To hear more about Truv VOA benefits for lenders, catch Episode 2 of our “Strategies to Maximize the Power of Day 1  Certainty” series: https://truv.com/event/day-1-certainty-episode-2.