Truework is the only all-in-one, automated verification of income and employment (VOIE) platform that fully replaces costly in-house verification waterfalls by orchestrating all major verification methods within a single platform. Truework focuses on delivering a comprehensive, vetted and accurate verification report for every request so customers can save time and money.
The in-house waterfall for the VOIE is broken — the use of subpar data vendors and platforms has led to an acceptance of incomplete, inaccurate data and a reliance on complex in-house waterfalls, resulting in predominantly manual efforts to complete verifications. The chase for more data has led to stitching together solutions to hopefully simplify verifications. This costs mortgage providers too much time and money, when they could use Truework as the single verifications platform to fulfill their needs.
Truework does not believe in hit rate or coverage rate, because those metrics allow vendors to claim high “success” rates yet still deliver inaccurate reports that require additional manual work to correct. Truework believes in completion rate, defined as a comprehensive, vetted, accurate and complete verification report that lenders can actually use. With its leading 75% completion rate, Truework has helped leading mortgage companies achieve up to 50% cost savings on their verifications process, equating to multi-million dollar savings. One top home mortgage lender in the U.S. reduced their total cost of ownership by 20% and saved over 14,000 hours for their loan fulfillment teams by working with Truework to automate verifications.
Company Website:
Markets Served:
Loan Origination and Servicing
Company HQ:
San Francisco, CA
