Peil Dael Truv Yum

Truv® Offers Automated Employment and Income Verification Through Freddie Mac Loan Product Advisor as AIM Provider

Retrieved on: 
Wednesday, December 13, 2023
Sale, IMB Bank, AIM, Employment, Workforce, LPA, Mortgage Bankers Association, MBA, Freddie Mac, Real estate, Credit, Peil Dael Truv Yum

NEW YORK, Dec. 13, 2023 /PRNewswire/ -- Truv, a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, announced it is now a service provider supporting Freddie Mac Loan Product Advisor® (LPASM) asset and income modeler (AIM). Truv's new integration with AIM enables lenders to use the Truv platform to obtain and transmit the information and data required to Freddie Mac's LPA for the AIM assessment.

Key Points: 
  • NEW YORK, Dec. 13, 2023 /PRNewswire/ -- Truv , a provider of automated employment and income verification technology for mortgage lenders, banks and credit unions, announced it is now a service provider supporting Freddie Mac Loan Product Advisor® (LPASM) asset and income modeler (AIM ).
  • Truv's new integration with AIM enables lenders to use the Truv platform to obtain and transmit the information and data required to Freddie Mac's LPA for the AIM assessment.
  • AIM is a capability within Freddie Mac's LPA that automates the assessment of borrower assets, income and employment for lenders.
  • By leveraging the expertise of third-party service providers like Truv, AIM helps deliver a simpler, more efficient loan origination process.

Truv's integration with nCino's Mortgage Suite enables simple income and employment verification for home loan applicants

Retrieved on: 
Monday, October 16, 2023
Partnership, Risk, Data analysis, Employment, NCino, Peil Dael Truv Yum, Real estate

MIAMI, Oct. 16, 2023 /PRNewswire/ -- Leading consumer-permissioned data platform Truv today announced a new integration with the Mortgage Suite of home lending solutions from nCino (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry.

Key Points: 
  • Traditional verification of loan applicants' income and employment can be time-consuming and expensive for mortgage lenders.
  • Now, lenders can offer Truv as an integrated service within the nCino Mortgage Suite, utilized by more than 50,000 active mortgage originators across the United States.
  • nCino's Mortgage Suite spans the entire home loan journey, facilitating stakeholder collaboration, integrating lender systems, enhancing operational efficiency and informing data decisioning so lenders can maximize mortgage profitability.
  • Per the 2022 HMDA Data Analysis, 35% of the top 100 lenders in the United States use the nCino Mortgage Suite.

Truv Launches Direct Deposit Switch Partnership with Digital Bank Totem

Retrieved on: 
Thursday, January 26, 2023
Technology, Human Resources, Finance, Banking, Other Technology, Professional Services, Software, Internet, Data Management, Growth, Federal Reserve, Federal, Partnership, API, Totem, Database, Security (finance), Peil Dael Truv Yum

Truv announced a partnership with Totem to enable automatic direct deposit switching through Truv’s consumer-permissioned data platform to all of Totem’s customers.

Key Points: 
  • Truv announced a partnership with Totem to enable automatic direct deposit switching through Truv’s consumer-permissioned data platform to all of Totem’s customers.
  • This partnership is one of many for Truv where they’re supporting depository institutions in taking the direct deposit switching process from days to seconds.
  • Included in their consumer-permissioned data platform, Truv’s direct deposit switching product enables depository institutions to combat these market effects through making the direct deposit switching process as seamless as possible.
  • “We're confident that we'll be able to grow with Truv for years to come.”
    “The recent partnership with Totem and other leading digital banks for direct deposit switching provides additional validation of Truv’s approach in building a consumer-permissioned data platform.

Truv Announces Insurance Verification Product to Enable Mortgage and Auto Lenders to Instantly Verify Proof of Insurance

Retrieved on: 
Wednesday, October 12, 2022
Professional Services, Data Management, Security, Technology, Insurance, Finance, Banking, Citadel, Organization, API, Insurance, Income, Risk, Review, Workforce, Friction, Employment, Policy, Health insurance, Peil Dael Truv Yum

Today, Truv, the market-leading income and employment verification provider, announced that they expanded their product suite to include insurance verification.

Key Points: 
  • Today, Truv, the market-leading income and employment verification provider, announced that they expanded their product suite to include insurance verification.
  • Mortgage and auto lenders drain precious time and resources by collecting, recording, and verifying insurance policy information.
  • With Truvs new insurance verification product, mortgage and auto lenders can instantly verify 90% of U.S. insurance policy holders in less than sixty-seconds.
  • Truv adds this new insurance verification product to their already robust income and employment verification product to continue their mission of unlocking data silos for lenders to underwrite with confidence.

Truv Announces Partnership with the Leading Mortgage Verification Innovator Xactus

Retrieved on: 
Tuesday, September 6, 2022
Professional Services, Data Management, Security, Technology, Other Technology, Finance, Banking, Citadel, Partnership, Workforce, Technology, Wholesale mortgage lenders, API, Organization, LLC, Fraud, Risk, Employment, Income, Real estate, Peil Dael Truv Yum

Through this partnership, Xactus current verification capabilities will be augmented with Truvs consumer-permissioned data approach to income and employment data.

Key Points: 
  • Through this partnership, Xactus current verification capabilities will be augmented with Truvs consumer-permissioned data approach to income and employment data.
  • Truv couldnt be more excited to partner with Xactus to empower thousands of mortgage lenders with access to consumer-permissioned income and employment data, said Truvs Co-Founder and CEO Kirill Klokov.
  • Were confident that this partnership will enable mortgage lenders partnered with Xactus to speed up the mortgage approval process while decreasing costs relative to current verification methods.
  • On Xactus quest to advance the modern mortgage, we are looking for like-minded, progressive partners and found that in Truv.

Truv announces integration with the leading digital lending software ICE Mortgage Technology™

Retrieved on: 
Friday, August 12, 2022
Software, Internet, Finance, Banking, Data Management, Professional Services, Technology, Security, Citadel, U.S. Securities and Exchange Commission, New York Stock Exchange, Risk, Encompass, CEO, NYSE, Technology, Private Securities Litigation Reform Act, SEC, ICE, Workforce, Annual report, Compliance, New, Income, Intercontinental Exchange, Partnership, Mission statement, Â, Employment, Solution, KIDS, Efficiency, Credit, Bank, Peil Dael Truv Yum

Truv is excited to provide ICE Mortgage Technology and Encompass customers with direct access to our one-stop verification solution, said Kirill Klokov, CEO of Truv.

Key Points: 
  • Truv is excited to provide ICE Mortgage Technology and Encompass customers with direct access to our one-stop verification solution, said Kirill Klokov, CEO of Truv.
  • By using Truv with ICE Mortgage Technology, our mutual customers can experience much greater efficiency and cost-effectiveness with income and employment verification during the loan process.
  • ICE Mortgage Technology combines technology, data and expertise to automate the entire mortgage process from consumer engagement through loan registration and every step and task in between.
  • At ICE Mortgage Technology , we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration.