AI TOOL PROFILE
Truework: Income and Employment Verification
- Operations
- Identity Verification
- Mortgage Lenders
- Residential Property Managers
- Tenant Screening Services
- Consumer Lenders
Pricing
Pay-as-you-go pricing is available: Employment verifications at $59.95, Income & Employment at $64.95, and Reverification at $19.95. Enterprise plans may offer up to 30% off per verification.
At a glance
- Best for
- Mortgage Lenders, Residential Property Managers, Tenant Screening Services, Consumer Lenders
- Key use cases
- Mortgage Loan Processing, Tenant Screening, Employment Re-verification, Background Screening
- Integrations
- Loan Origination System, Point of Sale System, API access
- Official website
- Visit truework official website
How AI is used
Truework is an automated platform for income and employment verifications that connects various data sources into one system. It uses machine learning to route verification requests to a verification method, which may help reduce manual follow-ups and phone calls.
The software is designed for mortgage lenders, consumer lenders, and residential property managers who need to verify borrower or tenant information. By consolidating different verification methods, it is intended to replace manual verification workflows.
The platform provides predictive modeling to give users insights into expected report turnaround times. As a Credit Reporting Agency under the FCRA, it supports compliance requirements for sensitive data handling.
Buyers should confirm how the platform integrates with their specific Loan Origination System (LOS) or Point of Sale (POS) system to ensure the automated data flow fits their existing operations.
Key Features
Automated Routing
Uses machine learning to direct verification requests to a verification method for completion.
Bank Income and Tax Transcript Integration
Connects to bank and tax data to support coverage and completion rates within the platform.
Predictive Turnaround Modeling
Provides estimates and insights into how long a report may take to be completed.
FCRA Compliance
Operates as a Credit Reporting Agency, supporting regulatory requirements for consumer reporting.
Multi-Method Orchestration
Combines various verification paths into a single integration to reduce the number of separate vendor logins.
Use Cases
Mortgage Loan Processing
Verifying borrower income and employment to support loan underwriting and GSE requirements.
Tenant Screening
Confirming potential resident income for residential property management.
Employment Re-verification
Conducting follow-up employment checks for ongoing reporting or compliance needs.
Background Screening
Using automated methods to confirm work history.
Integrations
- Loan Origination System
- Point of Sale System
- API access
FAQ
Who is Truework designed for?
- It is designed for mortgage lenders, consumer lenders, residential property managers, and background check companies.
How does Truework pricing work?
- Truework offers a pay-as-you-go model with costs starting at $19.95 for reverifications up to $64.95 for combined income and employment reports, with discounts available for enterprise customers.
How does Truework handle verification routing?
- It uses a system designed to route requests to the most efficient verification method to help reduce manual document review and phone calls.
Source category: Operations
Source subcategory: Identity Verification
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