Truv’s latest improvements increase flexibility in order creation and generating new reports for pre-closing verifications using connections from Verification of Income & Employment orders and Verification of Assets orders, ensuring frontline staff can quickly request and repackage verification data to keep the loan moving at speed. The goal? Give lenders more control and agility in managing verification workflows.
On-Demand 10-Day VOE Reports from Existing VOIE Data
In Encompass, lenders now have the option to generate a 10-day pre-closing Verification of Employment (VOE) report from a completed Verification of Income and Employment (VOIE) report.
What this means: When a borrower has already completed a VOIE with Truv, lenders can now generate a VOE report—with a GSE Report ID—using the existing connected data from employers and payroll providers. There’s no need for borrowers to reconnect and no need for loan officers to request new information; it’s all auto-generated on-demand using the previously connected data.
This streamlines the underwriting process when employment verification is needed for loan approval, reducing borrower friction and accelerating decisioning timelines. By eliminating redundant data collection steps, lenders can meet pre-closing verification requirements more efficiently, and at speed, while maintaining a seamless borrower experience.
Expanded 10-Day DVOE Report Ordering Feature in Encompass
In Encompass, lenders now have the option to generate a 10-day pre-closing Deposit-Based Verification of Employment (DVOE) report in the new Orders tab, in addition to the existing option to order a DVOE report when refreshing a Verification of Assets order.
What this means: When employment verification through deposit records is needed for loan approval, lenders can create a DVOE order directly within Encompass without a previously completed VOA order. In this case, borrowers connect their financial institutions through Truv, and the DVOE report—complete with a GSE Report ID—is generated using the deposit data from those connections.
This streamlines the underwriting process by providing a straightforward path to deposit-based employment verification, reducing borrower friction and accelerating decisioning timelines. Lenders can meet pre-closing verification requirements efficiently while maintaining a seamless borrower experience.
Getting Started
Truv’s latest enhancements are available in Encompass, putting more control in lenders’ hands by enabling on-demand VOE generation from existing VOIE connections and expanded DVOE ordering directly within Encompass. These updates eliminate redundant data requests, reduce borrower friction, and allow frontline staff to quickly repackage verification data to meet GSE requirements—translating to faster closings and the operational agility needed to keep loans moving at speed.
