Truv’s VOA solution now provides employment representation and warranty (R&W) relief opportunities for mortgage lenders

We’re excited to announce that we’ve expanded our integration with Freddie Mac’s Loan Product Advisor® (LPA®) asset and income modeler (AIM) to now include Deposit-based Verification of Employment (DVOE) through our Verification of Assets (VOA) solution, enabling mortgage lenders to potentially gain R&W relief from Freddie Mac on pre-closing verification requirements.

Streamline Pre-Closing Employment Verifications

For lenders, the 10-day pre-closing verification of employment has historically created friction at one of the most critical moments in the loan lifecycle, requiring manual outreach to employers, expensive database queries, or additional borrower touch points that risk delaying closing.

Now, when a Truv VOA report is generated at the front end of the loan process, lenders can pull a supplemental report-based verification of employment report prior to closing to satisfy 10-day pre-closing requirements.

“We’re truly excited about our integration with Truv and this opportunity to expand access to LPA’s capabilities,” shared Daniel Miller, Freddie Mac Single-Family Senior Director Distribution Providers. “Truv’s approach to solving industry challenges aligns with Freddie Mac’s efforts to help lenders drive down the cost to originate, reduce the risk of potential loan defects and make homeownership more achievable for all.”

Key Benefits for Mortgage Lenders

  • Cost-Effective Verification: Complete the initial verification and 10-day pre-close employment verification with up to 80% savings over expensive third-party databases or third-party manual processes.
  • Minimize Borrower Friction: Eliminate an additional pre-closing step for borrowers by leveraging the initial account connection made by the borrower using Truv VOA, and generate a supplemental report automatically.
  • Expanded Representation & Warranty Relief Opportunity: With this enhancement, lenders can now have more opportunity for employment R&W relief eligibility using Truv’s VOA solution.
  • Reduced Risk of Closing Delays: Instant access to real-time employment data eliminates bottlenecks that can occur at the closing stage, accelerating time to close for borrowers.

“We built Truv to maximize value for lenders from every data connection,” said Kirill Klokov, CEO of Truv. “With deposit-based employment verification now eligible for R&W relief through Freddie Mac, our VOA solution delivers even greater ROI for lenders—reducing costs by up to 80% while eliminating potential closing delays that come with legacy employment re-verification methods.”

Getting Started With Truv

Our platform connects to 13,000+ financial institutions, providing comprehensive coverage for your borrowers while delivering the data LPA requires for employment R&W relief assessment. The best part? No additional integration is required for lenders. The new features are automatically available with Truv VOA.

This isn’t about adding more technology to your stack. It’s about leveraging what’s already in place to save time, reduce costs, enhance the borrower experience, and gain the peace of mind that comes with potential R&W relief.

Contact Truv today to learn how our VOA solution can optimize your 10-day pre-close verification process.