Automate verifications with confidence as a Freddie Mac AIM service provider.

Truv offers an all-in-one verification platform, so lenders can verify income, employment, and assets through a single platform, eliminating the complexity and cost of managing multiple verification providers. As an integrated service provider supporting Freddie Mac Loan Product Advisor^® (LPA^®) asset and income modeler (AIM), Truv covers Verification of Income and Employment (VOIE), Verification of Assets (VOA), Deposits-Based Verification of Employment (DVOE) via VOA, and document processing — each tied to a representation and warranty (R&W) relief assessment opportunity.

Freddie Mac LPA AIM automates the assessment of borrower assets, income, and employment for lenders. By leveraging the support of integrated third-party service providers like Truv, Freddie Mac LPA AIM makes the process faster, simpler, and more efficient.

Representation and warranty (R&W) relief is assessed by Freddie Mac's LPA when eligible borrower income, employment, or asset data is verified by an integrated service provider. When a Truv report is submitted to LPA, lenders may gain R&W relief on the verified data, reducing the risk of fraud and buybacks.

Integrated third-party AIM service providers like Truv enable lenders to verify borrower data and transmit required borrower data to LPA for automated assessment and potential R&W relief eligibility.

Truv's platform automatically verifies over 100 unique borrower income and employment data points. The integration of Truv's income and employment verification technology with AIM represents another significant step forward in lowering origination costs while reducing risks. By extracting a borrower's payroll information and conducting real-time verifications, Truv automates one of the industry's most time-consuming and costly processes.

Yes. Truv supports automated asset verification through LPA as an AIM service provider. Truv's integration with AIM enables lenders to use its VOA solution to transmit required borrower data to LPA for an automated asset assessment. By securely retrieving asset information directly from borrowers' financial accounts, the Truv solution is built to simultaneously decrease origination costs and minimize risk exposure for lenders — all through a streamlined, single-step process.

For loans where a Truv asset report has been pulled and submitted to LPA, LPA includes retirement and securities accounts in the R&W relief assessment. Eligible account types include: 401(k) accounts; Individual Retirement Accounts (IRAs); IRS-recognized retirement accounts; brokerage accounts (stocks, bonds, mutual funds, US government securities, non-retirement securities); and more.

Yes. Truv's integration with Freddie Mac LPA AIM includes Deposit-based Verification of Employment (DVOE) through its VOA solution, enabling mortgage lenders to potentially gain R&W relief from Freddie Mac on pre-closing employment verification requirements. Lenders can pull an asset-based verification of employment report prior to closing to satisfy 10-day pre-closing requirements.

Yes. Truv is integrated with the Freddie Mac AIM Check API for Digitized Paystubs and W-2s. AIM Check utilizes LPA AIM capabilities to provide Freddie Mac-approved Sellers with an early view of a borrower's income before submitting a full application through LPA. Truv retrieves pay stubs and W-2s, automates data extraction, submits the digitized data to the AIM Check API for assessment, and AIM Check returns the automated income assessment to mortgage lenders.