Truv and Lodasoft Announce Strategic Integration to Streamline Mortgage Verifications | PR Newswire [Video]

, /PRNewswire/ — Truv, a leading provider of income, employment, asset and home insurance verification solutions, and Lodasoft, an innovative digital workflow platform designed by mortgage experts to automate the lending process, announced a strategic integration that will empower mortgage lenders with seamless, real-time verification capabilities directly within the loan application.

Partnership Highlights

• Real-time Verification: Eliminate manual document gathering and reduce processing times with consumer-permissioned data retrieved directly from payroll providers.
• Seamless Integration: Enhance the borrower journey with a smooth, native experience within the Lodasoft platform, taking borrowers 30 seconds to complete on average.
• Compliance Confidence: Trust robust data retrieval that meets industry standards and Government Sponsored Enterprise (GSE) requirements.

Truv’s direct-to-source income and employment solution leads the market with 96% coverage of the US workforce and more than 2.3 million employers. With comprehensive coverage, reliable conversion, and competitive pricing, lenders can now leverage the integration to transform the lending process end-to-end.

“Our …