Truv Integrates Income, Employment, and Asset Verifications With LendingPad Loan Origination System

Originally published by Truv

Truv’s newest LOS integration empowers LendingPad users with instant access to real-time income, employment, and asset verifications—streamlining the lending process from application to close.

Truv is now fully integrated with LendingPad, a comprehensive loan origination system trusted by mortgage lenders nationwide. This integration brings Truv’s direct-source Verification of Income and Employment (VOIE) and Verification of Assets (VOA) solutions directly into the LendingPad platform, enabling lenders to access critical borrower data without ever leaving their LOS environment.

Lenders can now retrieve consumer-permissioned direct-to-source payroll and financial data instantly, reducing verification timelines from days to minutes while maintaining the highest quality data and GSE compliance standards required by the industry.

Founder and CEO of LendingPad, Wes Yuan, remarked, “Our users demand best-in-class tools that integrate seamlessly into their daily workflow, and Truv delivers that. This integration brings automation to income, employment, and asset verifications without adding complexity to our platform. Lenders on LendingPad can now access key underwriting information at speed, helping them close loans faster and with greater confidence.”

What this integration means for Lenders on LendingPad:

• Simplified data retrieval: Truv eliminates manual document collection by automatically generating GSE-eligible reports for VOIE, VOA, VOE, and DVOE, in addition to returning original paystubs and W-2s straight from the source. Borrowers no longer need to hunt down paperwork, and lenders no longer need to chase documentation.
  
  
• Unlimited verification reports: Generate real-time reports at any stage of the loan process. Whether you’re at application, underwriting, or 10 days to close, current data with customizable refresh reports is available at no additional charge.
  
  
• Faster time to close: By automating verifications and eliminating back-and-forth communication, lenders can significantly accelerate loan turnaround times and improve operational efficiency.
  
  
• Lender-aligned pricing: Truv offers flexible pricing, including a pay-per-closed loan model that ensures lenders pay one verification fee, only on loans that close.

All-in-all, the integration delivers a smoother experience for borrowers, greater efficiency for loan officers, and more confidence for underwriters—all delivered through a platform lenders already know and use daily.

“The mortgage industry has long needed a verification solution that’s both operationally efficient and cost-effective,” added Kirill Klokov, Co-Founder and CEO of Truv. With our LendingPad integration, lenders get unlimited real-time reports, pay-per-closed-loan pricing, and complete verification coverage across multiple data sources, all without leaving their LOS. This is how modern lending should work, and we’re excited to deliver it alongside LendingPad.”

Getting Started Is Simple

Integrating Truv with your LendingPad environment requires minimal effort, time and resources. With just a few configuration steps using your LendingPad administrator access and Truv credentials, you’ll be up and running.

Contact our team to receive your access credentials and start using Truv within LendingPad today. Our dedicated support team will guide you through setup and ensure a smooth onboarding experience.