Mortgage lenders can now verify income and employment for the US workforce through Truv’s integration with ICE Mortgage Technology ™
Truv a one-stop income and employment solution announces an integration built on the latest Encompass Partner Connect API Platform and available through Encompass by ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology, and market infrastructure to automate consumer income and employment verification for the U.S. workforce.
Latest Fintech News: Stash Unveils first Annual State of Money in America Findings, Looks at how Americans Understand and Approach Money
Verifications are often time-consuming and expensive parts of the mortgage process. Truv is a one-stop solution for income and employment verifications that empowers financial institutions to make confident decisions, faster. Truv’s consumer-permissioned instant verification infrastructure connects financial institutions to 120M+ US employees. Combined with its upcoming document upload capabilities and partnerships, Truv verifies 90+% of the U.S. workforce.
“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.”
Latest Fintech News: YouHodler Releases Multi HODL 3.0 Faster Trading Engine with Lower Fees
The partnership provides ICE Mortgage Technology and Encompass customers with accelerated income and employment verification that is automated, accurate, and cost-effective directly in the leading loan origination platform. Consumers also benefit from quicker loan approvals and a better overall experience.
ICE Mortgage Technology
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. ICE Mortgage Technology is the leading cloud-based loan origination platform provider for the mortgage industry with solutions that enable lenders to originate more loans, lower origination costs, and reduce the time to close, all while ensuring the highest levels.
Latest Fintech News: AstroPay Appoints Sofía Lanza as Chief Banking Officer
[To share your insights with us, please write to sghosh@martechseries.com]
