Truv

Happy customers make the Truv team happy. Thank you to America First Credit Union for being a great partner!

?? Join Our Webinar: How America First Credit Union Achieved Efficiency and Cost Savings with Truv Hear directly from Austin Coleman, SVP of Mortgage Lending at America First Credit Union, on how AFCU transformed its mortgage operations with Truv. Learn how they tackled rising costs, streamlined verification processes, and achieved: ? 80% cost savings per loan file ? Faster loan processing times ? Higher conversion rates This live session will dive into their implementation journey, strategies for onboarding loan officers, and the benefits of Truv’s VOIE and Doc Upload products. Date: November 20 Time: 2 PM EST ?? Don’t miss this opportunity to gain insights into tech-driven efficiencies for mortgage and home equity lending! ?? Register Now: https://lnkd.in/gyE_ktuH

?? Truv Expands Integration With Lenders One Mortgage Cooperative Loan Automation? Platform (LOLA?) to Include Asset Verification We’re thrilled to announce that Truv, a leading provider of verification solutions, has expanded its integration with the Lenders One Loan Automation Platform? (LOLA?) by adding asset verification to the platform. As a preferred provider for Lenders One?, Truv’s advanced verification solutions help mortgage lenders access real-time income, employment, and now asset data, directly from the source. Through Truv’s integration, lenders within the Lenders One Cooperative can now streamline borrower verification, significantly reducing manual tasks, lowering costs, and enhancing the borrower experience. With seamless connectivity to over 13,000 financial institutions, Truv ensures fast, efficient bank account linking for consumers, enabling a smoother, faster approval process. This step marks another milestone in Truv’s mission to innovate and simplify the mortgage process for lenders and borrowers alike. Read here more: https://lnkd.in/gXtJwmZd

?? What a night! Last night's Topgolf Roseville Networking event was an absolute blast! A huge thank you to everyone who came out, connected, and made the night so memorable.??? The Truv team had an amazing time networking at the California MBA event and getting to know so many fantastic people! Here’s to more great connections and fun times ahead! #Networking #Topgolf #TruvEvents #CMBA #TruvCommunity

Truv + Lodasoft Integration: Transforming Mortgage Verifications ?? Truv and Lodasoft are thrilled to announce a strategic integration, revolutionizing mortgage verifications with real-time, seamless technology. Partnership Highlights: ??Real-time Verification: Say goodbye to manual document collection! Now, with consumer-permissioned data from payroll providers, processing times are reduced. ??Seamless Integration: Borrowers experience a native, frictionless process within Lodasoft, completing verifications in just 30 seconds. ??Compliance Confidence: Data retrieval that meets stringent GSE standards, ensuring trust and reliability. With 96% coverage of the US workforce and connections to over 2.3 million employers, Truv continues to lead the way in income and employment verifications. Lenders can now transform their workflows with Truv’s powerful solutions embedded into Lodasoft’s automated, user-friendly platform. What Leaders Are Saying: “Our partnership with Lodasoft marks a pivotal advancement in mortgage lending technology,” said Kirill Klokov, CEO at Truv. “By integrating our solutions directly into the workflow, lenders can reduce friction, minimize risk, and close loans faster.” “This integration reflects our commitment to providing mortgage professionals with the most advanced, user-friendly tools in the industry. Combining Truv's robust verification capabilities with our platform gives lenders a competitive edge in today's dynamic mortgage market.” said Adam Batayeh, President at Lodasoft. Ready to learn more? Discover how this integration can accelerate your lending process: https://lnkd.in/gwRf8WNs #Lodasoft #MortgageTech #TruvIntegration #RealTimeVerification #LendingSimplified

Product Update: October ?? October was packed with exciting updates as Truv wrapped up Q3 and pushed forward with renewed momentum. Our Product and Engineering teams worked tirelessly to improve our consumer-permissioned platform, driven by client feedback and roadmap goals. Here’s what’s new: Encompass Platform Improvements ??Streamlined Order Status Actions: Simplified “Download” and “Refresh Data” buttons offer a more efficient workflow. ??Re-Verification Approval: New alerts let lenders approve or decline borrower re-verification for enhanced control. ??Success Rate Coverage Indicators: Visual updates with clear, color-coded icons make order success rates easier to understand. ??Automated Service Ordering (ASO) Enhancements: More flexibility to optimize borrower experience while controlling verification success rates. ??UI Enhancements: Various user experience improvements to ensure seamless interactions. Conversion Rate Boosts Our unwavering focus on driving conversion rates for our payroll providers and employers are delivering impactful results: Verification of Income & Employment: Home Depot (+16.23%), Target (+17.05%) Verification of Assets: PNC Bank (+33.33%), Capital One (+25%) Direct Deposit Switch: USPS (+36.87%), Retirement (+14.23%), Disability (+13.73%) Truv Dashboard Upgrades ??Coverage Indicators for VOIE: Detailed employer insights and user-friendly icons improve order management. ??New DDS & PLL Coverage Indicators: Expanded tools for bank and credit union clients, bringing consistency and efficiency. Dive into these updates to elevate your Truv experience! Explore the full Product Update here: https://lnkd.in/gJGhR8Ep #ProductUpdate #TruvTech #ClientSuccess #Innovation

?? Consumer-Permissioned vs Traditional VOIE Verifications In lending industries, speed and accuracy matter! It’s no secret that traditional income verification methods can be slow and prone to errors. With consumer-permissioned verifications, lenders get real-time, secure access to employment and income data, improving both efficiency and accuracy. Not to mention, it’s easier on borrowers - no paperwork chasing, just a few clicks. ?? Lenders, say goodbye to delays and enjoy faster loan approvals with Truv’s automated solution. Discover how we’re changing the game: https://lnkd.in/g29mjgsY #IncomeVerification #LendingTech #Truv

?? TurboPass Boosts Funding Time and Cuts Loan Losses with Verification Tech Stack ? 1.5 days faster funding ? 38% drop in loan losses for applicants with 0 FICO scores ? 49% reduction in bank fees “As folks that have spent their entire 30-year+ career in auto, we believe that with the help of Truv, we've built the greatest pay stub report that the industry has ever seen.” - Lou Loquasto, Chief Revenue Officer, TurboPass The Challenge Auto lenders, dealers, and consumer finance companies were facing slow, outdated manual verification processes, leading to delays, added costs, fraud risk, and a high-friction consumer experience. The Solution TurboPass implemented a range of technology solutions and partnered with Truv to digitize and streamline verifications, making loan approvals faster and safer. Impact ? Accelerated funding ? Reduced loan losses ? Lower costs Together, TurboPass and Truv are setting new standards in digital lending solutions. Read here more: https://lnkd.in/grqiK3pp #TurboPass #Truv #DigitalTransformation #AutoLending #FraudPrevention #ConsumerFinance

Truv is excited to sponsor the Mortgage Bankers Association Annual Conference in Denver from October 27-30!??? Stop by our booth #119 in The Hub Expo or book a 1:1 meeting with our team:? https://lnkd.in/ejQTZSjW

Truv is excited to sponsor the Mortgage Bankers Association Annual Conference in Denver from October 27-30!??? Stop by our booth #119 in The Hub Expo or book a 1:1 meeting with our team:? https://lnkd.in/ejQTZSjW Truv provides instant, automated #VOIE and #VOA with free, unlimited re-verifications and covers over 96% of the US workforce, including federal government, Fortune 1000, NASDAQ, healthcare, and gig platforms. Our optimized user experience ensures fast and easy payroll connections. We can't wait to see you at #MBAAnnual24!