Truv – an income and employment solution company – has integrated with the latest Encompass Partner Connect API Platform, available through Encompass by ICE Mortgage Technology, part of Intercontinental Exchange Inc., a global provider of data, technology and market infrastructure to automate consumer income and employment verification for the U.S. workforce.
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 decisions, faster. Truv’s consumer-permissioned instant verification infrastructure connects financial institutions to 120 million U.S. 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,” says 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.” 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 loan origination platform. Consumers also benefit from quicker loan approvals.