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TruVision™ Income and Employment Verification (Powered by Truework) provides mortgage lenders a robust and efficient verification solution

Delivering speed and scale to transform banking

Truework will leverage Mastercard Open Banking, provided by its U.S. open banking arm Finicity, to offer consumers a way to permission access to their bank account data, further streamlining their income and employment verification process.

Truework’s automated verifications platform helps mortgage lenders improve predictability in the income verification process

Mortgage lenders using Truework Income through Fannie Mae’s Desktop Underwriter validation service are now eligible to be considered for Day 1 Certainty on over 40% of completed income verifications.

With more than 82% of FHA loans going to first-time homebuyers, there’s now a great opportunity for lenders to engage with new customers. Since mortgage rates are projected to drop through 2025, lenders can offer FHA refinances that help first-time homeowners even more by getting them better loan terms.

Slow markets are frustrating. But if you’re just sitting around and waiting for volume and demand to pick up, you’re missing big opportunities.

With verification costs rising, it’s time to re-evaluate where your budget is actually going. What have other organizations found? Lots of money wasted on inaccurate income and employment data—outdated, incorrect, duplicate data. Possible? Yes. Eerie? Completely. Rein in your costs by focusing on getting accurate data.