Xactus has selected Truv to further enhance Xactus’ verification capabilities. Through the partnership, Xactus’ current verification capabilities will be augmented with Truv’s consumer-permissioned data approach to data to help mortgage lenders quickly and easily verify income, employment and identity data for applicants which meets consumers’ expectations of a streamlined approval process.
Focused on improving the mortgage process, Truv has built 12,800+ unique integrations to payroll providers and employers, gaining access to more than 100 fields of income and employment data for over 85% of the U.S. workforce.
“Truv couldn’t be more excited to partner with Xactus to empower thousands of mortgage lenders with access to consumer-permissioned income and employment data,” says Kirill Klokov, Truv’s co-founder and CEO. “We’re confident that this partnership will enable mortgage lenders partnered with Xactus to speed up the mortgage approval process while decreasing costs relative to current verification methods.”
“On Xactus’ quest to advance the modern mortgage, we are looking for like-minded, progressive partners and found that in Truv,” states Michael Crockett, chief data officer at Xactus. “Our relationship with Truv has further enriched our verification solution through its direct connections to payroll providers via APIs which create greater efficiencies and reduce risk of fraud. We look forward to seeing strong results for our mortgage lenders as they implement Truv into their existing workflows to verify more of their applicants.”