Truv, a leading provider of income and employment verification solutions, and Vesta, the next-generation mortgage LOS, today announced a strategic integration that will revolutionize how lenders verify income and employment. The partnership combines Truv’s direct-to-source verifications with Vesta’s end-to-end loan origination system to transform the verification.

How the integration works:

This is a native, API integration that combines Truv’s consumer-permissioned verifications with Vesta’s task-based, no-code, LOS to streamline lender workflows and improve the borrower experience.

Benefits for mortgage lenders:

  • Accelerated Processing: Real-time, consumer-permissioned data reduces loan processing time from days to minutes
  • Enhanced Accuracy: Direct-to-source income and employment verifications minimize fraud risk and human error with data from payroll providers
  • Operational Efficiency: Elimination of manual document collection and review cuts loan origination costs
  • Reduced Costs: Lenders save an average of 60-80% on verification costs when they switch to Truv, compared to legacy verification solutions

Truv’s direct-to-source income and employment solution leads the market with 96% coverage of the US workforce and more than 2.3 million employers. With comprehensive coverage, reliable conversion, and competitive pricing, lenders can now leverage the integration to transform the lending process end-to-end.

Truv on the Integration

“We’re thrilled to partner with Vesta to bring real-time income and employment data access to
their cutting-edge mortgage platform,” said Kirill Klokov CEO of Truv. “This integration will
unlock significant cost savings and operational efficiencies for mortgage lenders.”

Vesta on the Integration

Mike Yu, CEO of Vesta, added, “Our partnership with Truv demonstrates our commitment to providing lenders with the most advanced tools available. This integration will allow our clients to streamline their operations while delivering a superior experience to their customers.”

The integration is now available to Vesta platform users. Mortgage lenders can contact their Vesta representative or the Truv team to get started.