TruVision Income and Employment Verification is a comprehensive solution for lenders, offering access to instant data from over 48 million employee records and automated verification processes. Anticipating a rise in mortgage originations from 4.6 million in 2024 to 5.7 million in 2025, the platform integrates with Truework to enhance efficiency and adaptability to regulatory changes. With an average completion rate of 75%, the system supports a broad range of lending sectors, preparing for phased rollout that includes various integrations with loan origination systems and point-of-sale platforms.
The integration with Truework aims to enhance lending efficiency, offering dynamic and flexible income verification solutions essential for the evolving regulatory landscape in lending.
TransUnion reports mortgage originations expected to rise from 4.6 million in 2024 to 5.7 million in 2025 due to improved verification methods.
This solution is timeless; verifying income is a fundamental need for many credit products. The tools can adapt and pivot to meet lender requirements.
The rollout of the new enhanced platform will occur in phases, incorporating integrations with loan origination systems and various lending sectors.
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