Digital lending platform Revvin joined forces with Truework, an income and employment verification platform, to provide comprehensive income verification coverage.
The new partnership will allow lenders who use the Revvin platform to automatically verify any borrower at any point of the loan application process, according to a news release.
Income verification technology is typically used for the loan origination process. However, bringing this technology to the point-of-sale stage allows lenders to screen candidates more effectively.
In October 2021, Blend Labs launched a similar product called Blend Income Verification. It provides lenders with a real-time verification response and verified income report within the application flow.
“We are excited to partner with Truework to bring easily accessible verified income data to all Revvin customers,” Valentin Saportas, CEO of Revvin, said in the news release. “By combining our configurable lending platform with Truework’s comprehensive verification solution, we can help financial institutions verify income and employment at any point during the loan application process.”
In June 2023, Truework also partnered with Transunion to enhance their income verification processes. Additionally, Revvin was recently acquired by Maxwell, a Wells Fargo-backed mortgage fintech.
