Mortgage Lenders.
Reduce Costs, Increase Efficiency, and Reduce Risk.
Trusted by
Optimizing Time to
Close and Margins for
Mortgage Lenders.
Optimizing Time to Close and Margins for Mortgage Lenders.
Problem.
- Skyrocketing Costs – Instant databases such as The Work Number continue to increase prices for income and employment verification.
- Manual Processes – A significant verifications must be completed manually by uploading documents and making phone calls.
- Loan Rejection from GSEs – Loans that are approved don’t always meet requirements from Fannie Mae and Freddie Mac.
Negative Consequences.
- Decreased Margins – With decreased volume in mortgages, shrinking margins presents a significant problem.
- Increased Time to Close – Manual verification methods increase time to close by an average of three days.
- Decreased Profits – Loans that are rejected by GSEs require mortgage lenders to sell them at a lower profit or hold them on their books.
Problem.
- Skyrocketing Costs – Instant databases such as The Work Number continue to increase prices for income and employment verification.
- Manual Processes – A significant verifications must be completed manually by uploading documents and making phone calls.
- Loan Rejection from GSEs – Loans that are approved don’t always meet requirements from Fannie Mae and Freddie Mac.
Negative Consequences.
- Decreased Margins – With decreased volume in mortgages, shrinking margins presents a significant problem.
- Increased Time to Close – Manual verification methods increase time to close by an average of three days.
- Decreased Profits – Loans that are rejected by GSEs require mortgage lenders to sell them at a lower profit or hold them on their books.
Truv’s Value for
Mortgage Lenders.
Truv’s Value for Mortgage Lenders.
Significant Cost Savings.
90% Savings Relative to The Work Number.
Increase Margins: One of our customers improved their margins with Truv by $300 per funded loan.
No Additional Costs for Reverifications: Pay once for five reverifications within 90-days.
More Funded Loans.
Best-In-Class User Experience to Increase Hit Rate with Truv.
Higher Pull-Through Rates of Applicants to Funded Loans by Streamlining Verification Process.
Market-Leading Coverage of 90% of the U.S. Workforce.
Reduce Risk.
Real-Time Data That’s Directly from the Source.
GSEs Certifications Coming in 2023.
Decreased Fraud from Manual Document Processing.
Increased Efficiency.
Replace Manual Processes with Instant Verifications.
One-Platform with Three Verifications Integrated into Leading Platforms.
Significantly Reduce Time to Close.
Solutions that Reduce Costs,
Increase Efficiency, and Reduce
Risk for Mortgage Lenders.
Solutions that Reduce Costs, Increase Efficiency, and Reduce Risk for Mortgage Lenders.
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Reliable Savings: Save up to 90% per verification with Truv.
Reduce Risk: Receive real-time data for over 150 employment and income fields with pending GSE-approval.
Fund More Loans: Increase your pull-through rate through a better applicant experience.
Work Efficiently: Stop wasting time on manual verification tasks.
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Reduce Risk: Receive real-time insurance data that is updated every time there is a change.
Reduce Dropout: Make insurance verification a frictionless process so you can stop applicants from dropping out.
Work Efficiently: Decrease time to close by removing a high-friction experience before funding is able to occur.
Income and Employment.
Reliable Savings: Save up to 90% per verification with Truv.
Reduce Risk: Receive real-time data for over 150 employment and income fields with pending GSE-approval.
Fund More Loans: Increase your pull-through rate through a better applicant experience.
Work Efficiently: Stop wasting time on manual verification tasks.
Insurance.
Reduce Risk: Receive real-time insurance data that is updated every time there is a change.
Reduce Dropout: Make insurance verification a frictionless process so you can stop applicants from dropping out.
Work Efficiently: Decrease time to close by removing a high-friction experience before funding is able to occur.
Why Partner with Truv.
We are changing the way
financial organizations access
data so they can truly make
informed decisions about their customers.
We are changing the way financial organizations access data so they can truly make informed decisions about their customers.
Michael Crockett
Chief Data Officer, Xactus
“Our relationship with Truv has further
enriched our verification solution through
its direct connections to payroll providers
via APIs which create greater efficiencies
and reduce risk of fraud.”
“Our relationship with Truv has further enriched our verification solution through its direct connections to payroll providers via APIs which create greater efficiencies and reduce risk of fraud.”
Ready to Get Started.
Ready to Get Started.
Talk to our team about driving growth for your organization through consumer-permissioned data or access the developer portal today.
