For lenders, it’s no secret that point-of-sale platforms (POS) and loan origination systems (LOS) are critical pieces of the technology stack that help expedite the lending process. When point-of-sale platforms can communicate directly with loan origination systems, and when income and employment verification happens instantly rather than over days or weeks, the entire lending experience transforms from a time-consuming maze into a faster, transparent track to closing.
To streamline income, employment and asset verification, Truv integrates seamlessly into a range of POS and LOS platforms. Truv’s POS integrations include Blue Sage, nCino, LenderLogix, Floify, Tidalwave, Besmartee, and LodaSoft. Truv is integrated with LOS’s including Encompass, Byte, Blue Sage, Empower, and Vesta.
Real-Time Verification at the Point of Application
Traditional income, employment, and asset verification methods have historically involved weeks of back-and-forth document collection, multiple vendor relationships, and manual data entry that slows loan processing to a crawl. Truv’s comprehensive platform integrations are changing this narrative by delivering real-time verification capabilities that seamlessly integrate into existing lending workflows.
Truv’s integrations with leading point-of-sale platforms—including nCino, Floify, LodaSoft, LenderLogix, BeSmartee, Tidalwave, and Blue Sage—enable lenders to verify borrower income, employment, and assets directly within the loan application process. This real-time verification capability eliminates the traditional “paper chase,” expedites the processing and underwriting processes, and yields higher conversion, as borrowers typically show higher intent to proceed with account linking while filling out other personal information in the loan application.
By embedding verification directly into the application workflow, lenders can reduce borrower touchpoints and streamline their vendor management. Instead of coordinating with multiple third-party providers for different verification needs, lenders can access comprehensive verification services through a single integration and one platform.
Homegrown Platform Benefits:
- One platform, multiple verification solutions – Verification of Income and Employment, Verification of Employment for 10-day pre-closing verification, Verification of Employment via Deposits, Verification of Assets, and Document Upload as a fallback
- Easier vendor management – Reduce spend on multiple vendors and streamline the relationship
- Built, not bought products – Truv builds and manages all solutions in house, streamlining communication and troubleshooting, compared to vendors selling solutions from third parties
Seamless Data Flow to Loan Origination Systems
While Truv empowers lenders to capture income, employment and asset data upfront in the loan application, Truv’s verification process doesn’t end at application submission. To streamline the lending workflow end-to-end, Truv is growing the markets leading suite of LOS integrations, including Encompass, Byte, Blue Sage, Empower, and Vesta, to flow data from the POS directly into the LOS.
For lenders who have Truv embedded in their point-of-sale, a borrower completes the verification process in the loan app, Truv retrieves the borrower’s data directly from the source (payroll provider for VOIE and financial institution for VOA), and generates GSE-accepted reports (plus original pay documents, including paystubs and W-2s) in real time. From here, the information automatically ports into the loan origination systems (LOS), including Encompass.
The data that automatically ports over from the the point-of-sale to the LOS includes the following fields:
Employment Data Fields
- Employer Name, Street Address, City, State, Zip Code, and Phone number
- Employment Title, Employment Status, Hire Date, Years/Months Employed, End Date, Base Pay, Overtime Pay, and Total Pay
Asset Data Fields
- Account Type, Account Owner Name, Account Number, Cash/Market Value, Total Amount
This direct data transfer streamlines documentation reviews throughout the entire loan lifecycle—from initial processing through underwriting to closing.The automated data flow eliminates manual data entry errors, saves time and steps in the process, and ensures that loan officers and underwriters have access to the most current and accurate borrower information. This seamless integration reduces processing time and allows lending teams to focus on closing the loan rather than document collection.
One-Click Re-Verification in the LOS
Lending requirements often necessitate updated verification information as loans progress through the pipeline. Truv’s platform addresses this need with one-click re-verification capabilities directly from the LOS, even when the initial verification was completed during the loan application phase in the point-of-sale.
This automated re-verification process ensures that loan officers can manage loan files efficiently as they advance toward closing. The system is designed to support the fast-paced nature of mortgage lending, where timing is critical and delays can impact both lender profitability and borrower satisfaction.
Automated Underwriting System Integration
Perhaps one of the most significant workflow improvements Truv offers is its automatic population of Report IDs for submission to automated underwriting systems. The platform seamlessly integrates with industry-standard systems such as Fannie Mae’s Desktop Underwriter® and Freddie Mac’s Loan Product Advisor®.
For example, Report IDs for both VOIE and VOA reports are automatically written from nCino to Encompass, streamlining data from system-to-system. This automation eliminates another manual step in the underwriting process, ensuring that verified borrower data flows directly into the decision-making systems that help determine loan approval. By removing manual data entry at this critical stage, lenders can reduce processing time and minimize the risk of errors, short-term with loan approval requirements, and long-term with buybacks.
Transforming Lending Operations
By integrating verification services directly to the platforms lenders already use, the solution creates a unified workflow that reduces complexity, improves efficiency, and enhances the borrower experience.
The result is a lending process that operates at the speed of modern business, where loan officers can manage more files effectively, underwriters can make faster decisions with better data, and borrowers can move through the application process with minimal friction. This transformation isn’t just about technology—it’s about reimagining what’s possible in mortgage lending when verification becomes a seamless part of the workflow.
