Truework: Income and Employment Verification
Truework helps mortgage lenders and property managers automate the verification of applicant income and employment. It is designed for teams looking to reduce manual document review and consolidate verification methods.
At a glance
- Category
- Operations
- Best for
- 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.
- 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
- truework.com
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
Uses machine learning to direct verification requests to a verification method for completion.
Connects to bank and tax data to support coverage and completion rates within the platform.
Provides estimates and insights into how long a report may take to be completed.
Operates as a Credit Reporting Agency, supporting regulatory requirements for consumer reporting.
Combines various verification paths into a single integration to reduce the number of separate vendor logins.
Use Cases
Verifying borrower income and employment to support loan underwriting and GSE requirements.
Confirming potential resident income for residential property management.
Conducting follow-up employment checks for ongoing reporting or compliance needs.
Using automated methods to confirm work history.
Best For
Integrations
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.
FAQ
It is designed for mortgage lenders, consumer lenders, residential property managers, and background check companies.
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.
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
