Deep dive into Truv’s insurance verification product.
Automate Home
& Auto Insurance
Verification.
Replace manual processes for Truv’s instant insurance verification that decreases time to close and creates a frictionless customer experience while providing you with all of the data that you need.
You’ll be in good company
Hassle Free Insurance Verification.
Hassle Free Insurance Verification.
-
Slow, Manual Processes.
On average, insurance verification adds two days onto the time to close a loan. -
Applicant Churn.
Increased friction leads to applicants looking elsewhere for their loan which decreases funded loans. -
Increased Fraud.
Uploaded documents either don’t have all of the necessary information or have been altered with.
-
Instant Verifications.
Applicants are completed with the verification in an average of 45-seconds. -
Increase Funded Loans.
Optimize the verification process to approve more loans. -
No Fraud.
Receive insurance information directly from the source.
Select Insurance Provider.
Eliminate manual workflows to gather the insurance declaration page necessary to close that loan.
Reduce Risk & Fraud.
Receive information directly from insurance providers to decrease the risk of fraudulent data.
Reduce Time to Close.
Insurance verification takes an average of two days to complete, while with Truv, this can be completed instantly when the applicant engages.
Acquire More Customers.
Minimize the number of applicants who drop out of the application process by providing a streamlined digital process.
How Insurance Verification with Truv Works.
01.
Insurance Selection.
Applicant is able to search over 100 different supported insurance providers representing 93% coverage of all U.S. insurance policies.
02.
Login with Credentials.
Applicant logs in to their selected insurance provider. If they don’t remember their username or password, they can easily reset these credentials.
03.
Verify Successfully.
The applicant receives a successful connection screen, and the lender receives the entire declaration page back.
Gather Over 200 Unique Data
Fields from Insurance Verification.
Gather Over 200 Unique Data Fields from Insurance Verification.
Home
Coverages.
Coverage Type
Dwelling
Premium
$4.661
Limit per Person
$100.000
Limit per Incident
$300,000
Deductible
$1.000
Declined
No
Identity.
First Name
Jane
Last Name
Doe
jane.doe@gmail.com
Home Address
35 Dry Ridge Rd
Home City
Redwood City
Home State
CA
Home Zip Code
94062
Vehicle
Claims.
Claim ID
Apr 23, 2021
Type
Theft
Vehicle
Chevrolet Camaro
Date Occured
Aug 23, 2019
Date Closed
Oct 2, 2019
Status
Closed
Payout
$27.500
Representative
Jimmy Olsen
Phone Number
888-234-2353
jimmy@allstate.com
Driving
Records.
Incident Date
Apr 23, 2021
Incident Type
Accident
Is At Fault
Yes
Vehicle
Coverages.
Coverage Type
Collision
Premium
$194.06
Premium per Mile
$5.00
Limit per Person
$100,000
Limit per Incident
$300,000
Limit per Day
$100.000
Deductible
$500
Declined
No
Why Partner with Truv.
Change the way you access
data to make more informed
decisions through a streamlined
verification process.
Change the way you access data to make more informed decisions through a streamlined verification process.
Comprehensive API Platform
3+
one platform with VoIE, VoA, and verification of insurance.
Jeff Austin
Chief Financial Officer
“As an entrepreneur myself, I appreciate
that Truv takes my feedback seriously
and works quickly to improve the
product.”
“As an entrepreneur myself, I appreciate that Truv takes my feedback seriously and works quickly to improve the product.”
Resources for Insurance
Verification.
Resources for Insurance Verification.
Related Use Cases.
Verification of Employment and Income.
Verify income and employment details for 90% of the U.S. workforce with 4+ data sources reducing risk, fraud, and verification costs.
Employment History Verification.
The most cost effective and efficient way to verify employment history. Reduce your costs by up to 80% and provide faster turnaround times to applicants.
Paycheck-Linked Loans.
Create a winning partnership between you and your customer by setting up recurring payments directly from their paycheck.
Ready to
Get Started?
Ready to Get Started?
Talk to our team about driving growth for your organization or access the developer portal today.
