Truv is thrilled to announce our enhanced integration with nCino, built to deliver even more powerful features to lenders who leverage Truv verifications of income, employment, and assets through the industry-leading point-of-sale (POS). Our teams have been working in stride to ensure these enhancements exceed your expectations and deliver a seamless end-to-end mortgage experience that you and your borrowers can mutually enjoy. What’s new?
Unveiling Truv as an embedded, in-application experience
At the heart of this update is the introduction of embedded verifications, which brings a completely hands-free solution for loan officers and borrowers. Now, Truv’s powerful verification products can be embedded directly into the 1003 loan application within nCino’s Mortgage product.This means that borrowers no longer receive an external verification link via email or sms, and instead have an easier, faster application process, completing all necessary tasks in one seamless experience within the nCino interface.
Benefits of Truv: the all-in-one, complete solution for lenders
- Verification of Income & Employment (VOIE)
Truv provides lenders real-time income and employment data, directly from the source – borrowers payroll provider(s) so that lenders gain instant insight into ability to repay, faster, easier, and more cost-effective than before.
- Truv leads the market with 96% coverage of the US workforce, ensuring 2.3M+ employers, spanning various industries from gig to healthcare, are covered within our database.
- A broad set of fully customizable suite of features optimize conversion, including data retrieval customization such as configuring the number of paystubs and W2s required, and branding and messaging.
2. Verification of Assets (VOA)
We’ve expanded our product offering within our nCino integration to give lenders access to not only income and employment verifications, but also asset verifications. Truv verification of assets was built for mortgage lenders to leverage a complete, all-in-one solution.
- With 13,000+ direct-to-source bank account connections and marketing-leading oAuth connections to safeguard credentials from unauthorized use, lenders are powering more reliable, faster decisions upfront in the process.
- Similar to our income and employment verifications, asset verifications are instant, in real time, and fully customizable, from branding and messaging to report details and data configurations (ie. tap into 2 years of account history).
3. Multiple verification products, no implementation
With ease of use and accessibility always top of mind, lenders can enable Truv products easily – in minutes – avoiding implementation delays and tapping into verifications immediately, at an accelerated speed. It’s easy: configure settings in just a few clicks and start verifying!
Designed to solve mortgage lenders’ needs, our easy-to-use platform integrations and expanded features and functionality give lenders the flexibility they need to tailor the mortgage journey to their borrowers – while improving underwriting confidence.
What does the integration enhancement mean for lenders?
In the past, loan officers would have to send an email or link to borrowers that would take them outside of the loan application to complete the verification process through Truv. This added extra steps and potential friction to what should be a seamless experience. Now, lenders can leverage this automated in-app process, eliminating manual steps and saving valuable time.
With this fully embedded solution, loan officers can trust that the verification of income, employment and/or asset process happens behind the scenes—automatically and accurately—without the need for additional human intervention. This allows lending teams to focus on what they do best: building relationships with borrowers and advancing the loan process efficiently.
What’s next?
This enhanced integration is just the beginning of how nCino and Truv are working together to create a more efficient, seamless lending process. As the market evolves, so do our solutions. We’re committed to continuing to improve our platform with new features that optimize mortgage lending.
Stay tuned for more updates or reach out to our team to see how this enhancement can be activated for your organization today.
