Truv

🚀 Compass Mortgage Finds a Better Way to Save 60-80% on Verifications 💰 🔍 The Challenge: High costs for income and employment verifications and poor data quality from traditional providers were compromising a smooth lending process at Compass Mortgage. 💡 The Solution: With Truv’s Verification of Income & Employment and LOS Integration (Encompass®), Compass Mortgage saved 60-80% on verifications, improved operational efficiencies, and increased lending confidence using higher quality data .🎉 “Conversion is good. Price is good. Borrower experience is good.” - Justin Venhousen, COO of Compass Mortgage Compass Mortgage is excited about the growing influence of consumer-permissioned data in the industry. As a partner to Truv for three years and counting, Justin’s message to other lenders is, “The more we can get products like Truv up and running, the better off both mortgage companies and consumers will be.” 💪🏡 Read the full case study to learn more about this success! 👉 https://lnkd.in/g5he6u2n #MortgageIndustry #Innovation #CostSavings #ConsumerPermissionedData #Truv #CompassMortgage

Truv’s integration with ICE Mortgage Technology (Encompass) is a proven path toward success for mortgage lenders. Those seeking to scale back on operational costs, ensure compliance, decrease manual implementation and deliver superior borrower experiences can leverage the combined strengths of both Encompass and Truv – all in one. 🚀 Join this live demo to see how Truv fires within Encompass, and allows customers to retrieve, refresh, and store aggregate reports in the Encompass eFolder. You’ll have an opportunity to ask questions directly to the experts: Evgeniy C. , Solutions Architect, and Brandon Hoyles, Enterprise Account Executive. Help your loan officers and processors manage submissions from future and existing borrowers. Sign up today! 👉 https://lnkd.in/g7uHKQG5

Many years ago, verifying a borrower’s income and employment (VOIE) was only $15-20 and life was good. 😎 As the years went by, the incumbent verification provider raised prices by hundreds of a percent, until today, where it costs $70+ per verification. Lenders are charged this same amount again 10 days before close when they have to re-verify the borrower. That’s over $140. 😲 If the borrower has a co-borrower, then it’s $280. Double the amount. For one file. All at a time where the mortgage industry is reeling from high rates, low volumes, and negative profits. 😡 That’s where Truv comes in. We created an alternative to the incumbent that is 80% less cost, more accurate data, a better service for the borrower, and with reps and warrants with the GSEs. When a borrower verifies with Truv, it’s at a fraction of that cost, and you get up to five re-verifications free of charge. 🗡️🛡️ Say goodbye to lengthy paperwork and sky-high prices, and hello to an era of real-time, accurate, and affordable data sourcing. Get started 🚀 https://lnkd.in/gf-yBZpx

Truv is proud to be the Giveaway Sponsor for the upcoming Lenders One Mortgage Cooperative Technology Basecamp on Thursday, August 8th in Annapolis, MD! 💫 Set sail with Lenders One for a Basecamp experience like none other. The Catherine Marie, L1’s private charter, will play host to education sessions focused on technology with impactful networking as we cruise the Chesapeake Bay. Following cocktails in the harbor, L1 will cap off the event with a quintessential Maryland crab feast, offering additional networking and good cheer on Main Street in historic downtown Annapolis. ⛵ 🦀 Our own Richard Grieser will speak on a panel covering technology adoption and change management. 🎤 Following cocktails in the harbor, L1 will cap off the event with a quintessential Maryland crab feast, offering additional networking and good cheer on Main Street in historic downtown Annapolis. Registration is open to L1 Members only. Register today to ensure your spot on the Catherine Marie and we can’t wait to see you there!  👉 https://lnkd.in/gq8QYPVW #WeAreL1 #L1Basecamp #LendersOne

Unlock a seamless loan journey with Truv Verification of Income and Employment 🚀 Why partner with Truv? 🌎 Unmatched coverage: Get more users to successfully connect their accounts. 🤳 Beautiful UX: Delight your users with a friendly and simple-to-use interface. 🔄 Less friction: Reset passwords in-app, login without passwords, or login using SSO & MFA. 🤝 Integrate with your POS or LOS for a streamlined origination process. ⏩ Leverage high quality data to accelerate loan closings and reduce buy backs with Truv. Let’s chat 👉 https://lnkd.in/gf-yBZpx

HAPPENING TODAY! OPERATIONS LEADERS DON'T MISS THIS! 🚀 To maximize ROI of new technology, gaining buy-in from loan originators, underwriters, processors, management, owners, and all team members is crucial. Mortgage Investors Group (MIG) faced rising costs of verification of income and employment and decided to make a change. Join J.R. Huber, EVP of Sales and Production, as he discusses how MIG was facing rising costs of verification of income and employment, and decided to make a change that led to 80% cost savings and 100% conversion improvement on VOIE. Richard Grieser, VP of Marketing at Truv, will unpack J.R.'s experience choosing and implementing Truv, including how they changed their tech stack, rolled out the solution to the organization, and gained adoption from operations, sales and production teams. Secure your spot to take part at 1 pm CT July 11 👉 https://lnkd.in/gHeECG3P

🚀Product Update: June 2024🚀 Our product team was hard at work in June pushing out a range of new Platform, Dashboard, Order, and Truv Bridge releases, including: 🔄 Loan Officer Order Refresh Approval Giving loan officers and order managers added visibility into re-verifications 🔍 Coverage Search Visibility Providing loan officers with insight into the likelihood of a successful verification based on a borrower's employer 🌐Language Selection Increasing order customization features to include language selection of Spanish or English Explore the full Product Update here 👉 https://lnkd.in/gcrXrgEY Want to see the Truv Team in action? 📅 It's not too late to register for this week's webinars 👉 https://truv.com/events

Happening this Week! Don’t miss out 👉 https://lnkd.in/gacWCaqR Recognizing the differences between strong and weak leadership strategies will directly result in the success or failure of your team. Join our leaders Laura J. Brandao 🌟 (Equity Prime Mortgage), Keith Canter (First Community Mortgage), and Richard Grieser (Truv), Truv as they share stories and advice from their combined 40+ years of leadership experience in mortgage and business. They will cover key insights for understanding leadership dynamics and guiding your business to greatness. 💡 Key Takeaways: 🧲 Attract and maintain the right talent 🤝 Understand team needs to advance shared goals 😁 Maintain a disciplined yet happy culture 🚀 Leverage technology as an accelerator Register now 👉 https://lnkd.in/gacWCaqR

At Truv, our north star ⭐️ and success metric with all clients is conversion; the successful return of a borrower’s income and employment verification to the lender with reps and warrants. Ever wondered what conversion truly means in the realm of consumer-permissioned data? If coverage signifies "How many people CAN use it," then conversion is all about "How many people DO use it." Lenders face a challenge: reducing friction during borrower applications. For instance, asking for payroll login credentials can be a hurdle. But by streamlining the process, like allowing users to log in via familiar platforms, conversion rates soar. Truv directly integrates with payroll providers to connect access to 2.3M employers. With 95% of the US workforce covered, Truv is unmatched in getting borrowers to successfully connect their accounts. Our customers often see 90% or more improvements in conversion when switching to Truv from other providers. 🚀 How do we calculate conversion? 1. Determine the # of users that are asked to permission their data and are covered. 2. Determine the different steps users are asked to take. 3. Measure the number of users who complete each step. 4. Compare the final number to the starting number. Want to learn more? Contact us today 👉https://hubs.la/Q02DL3rh0 #Truv #Mortgage #LoveOurCustomers #TruvNorthStar

Webinar Alert 🔜 How Winning the Hearts and Minds of MIG’s Organization Led to 80% Savings and 100% improvement in conversion rate 📈 To maximize ROI of new technology, it's crucial to gain buy-in from loan originators, underwriters, processors, management, owners, and all team members whose adoption and effective use of the technology are key. This is often harder than it seems. J.R. Huber, EVP of Sales and Production at Mortgage Investors Group will discuss how they were facing rising costs of verification of income and employment and decided to make a change. MIG will share their experience choosing Truv, which saves 80% on VOIE, and how they changed their tech stack, rolled out the solution to the organization, and gained adoption from their operations, sales, and production teams. Technology alone won't transform the bottom line; it's commitment from the individuals that make up your organization that drives meaningful change. 🌟 📅 Date: July 11 🕐 Time: 1pm CT Register here 👉 https://lnkd.in/gHeECG3P #Truv #LoveourCustomers #mortgage