---
title: "Consumer Lending Verification | Income Verification for Consumer Loans | Truv"
category: Solutions
url: "https://truv.com/consumer-lending"
description: Verify income and employment for consumer loans with a faster digital workflow. Improve conversion and reduce manual underwriting effort.
---

# Consumer Lending

Approve loans with confidence. Make informed decisions with Truv's cashflow and payroll data — built in-house and verified at the source. Automated income and employment verification for personal loans, installment loans, and other consumer credit products.

- **URL:** https://truv.com/consumer-lending
- **Contact:** https://truv.com/contact-sales

## Customers

Consumer lenders using Truv include America First Credit Union, Navy Federal, Happy Money, and Accio HFS.

## Verification Suite

### Income Verification
Payroll-based for W-2, gig, retirement, disability, and more.

### Doc Fraud Detection
AI-driven detection on tampered paystubs, W-2s, and 1099s.

### Paycheck Pay
Payroll-linked repayment automation.

### Bank Income Verification
Bank account transaction analysis for income reports. Up to 24 months of transaction history to verify income patterns for gig workers, freelancers, and borrowers with multiple income sources.

### Scoring Attributes
Increased risk model accuracy with transaction data.

## Why Partner with Truv

### Conversion
Improve borrower pull-through. Maximize conversion with multiple ways to understand ability to repay.

### Data Sources
Use real-time data from multiple sources to verify all types of borrowers.

### Cost Savings
Reduce verification costs. Lower dependency on expensive databases and manual labor.

### Reduce Risk
Reduce risk of income fraud. Block fraud with direct-to-source data and built-in protection on uploaded docs — 99.9% AI-driven fraud detection rate.

### Automate Repayment
Guarantee repayment at signing. Tap into direct-source data upfront with automated repayment on the back end.

## Smart Routing & Waterfall

Truv's waterfall verification automatically selects the fastest verification method for each borrower — payroll connectivity, bank data, or document verification — so applications complete in minutes rather than days. Most verifications return in under 30 seconds.

## Integrations

- Embed in online systems — automate verifications during the loan application process
- Automated follow-ups — email and SMS notifications to borrowers who haven't completed verification
- Truv Dashboard — order and manage verifications from Truv's web-based dashboard

## Customer Results

- **HFS Financial:** 15% increase in fraud detection, 65% conversion rate, and 10–15% improvement in operational efficiency

## Key Use Cases

- Personal loan underwriting
- Installment loan origination
- Income-based eligibility assessment
- Ability-to-pay verification for gig workers and self-employed applicants

## Benefits

- **Higher conversion:** Multiple verification paths cover more borrowers.
- **Faster approvals:** Most verifications complete in under 30 seconds.
- **Reduced fraud:** 99.9% AI-driven fraud detection on uploaded documents.
- **Lower default risk:** Direct-to-source data and paycheck-linked repayment options.
- **AES-256 + TLS encryption:** Compliant with consumer lending regulations.

## Related Pages

- [Income and Employment Verification](https://truv.com/mortgage-lending/income-and-employment-verification)
- [Bank Income Verification](https://truv.com/products/bank-income-verification)
- [Document Fraud Detection](https://truv.com/products/document-fraud-detection)
- [Paycheck Pay](https://truv.com/products/paycheck-pay)
- [Scoring Attributes](https://truv.com/products/scoring-attributes)
- [Waterfall](https://truv.com/platform/waterfall)
- [Truv Bridge](https://truv.com/platform/truv-bridge)
- [Developer Documentation](https://truv.com/docs)
- [Contact Sales](https://truv.com/contact-sales)