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Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$118.9M
Headquarters
San Francisco, California
Founded
2017
Truework operates in the employment and income verification sector, providing a platform for businesses to verify applicants' income and employment status. The platform is customizable, allowing businesses to tailor the verification process to their specific needs. Truework's system intelligently routes verifications to the most efficient methods, ensuring quick and comprehensive results. Clients include companies that need to verify potential employees or loan applicants, where accurate information is essential for decision-making. Truework uses a pay-per-result model, meaning clients only pay for successful verifications, which promotes efficiency and value. A strategic partnership with TransUnion enhances Truework's credibility and resources. The platform aims to streamline loan approvals, reduce costs through automation, prevent income fraud, and minimize manual work, ultimately helping businesses select the right applicants while managing risk.
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Total Funding
$118.9M
Above
Industry Average
Funded Over
5 Rounds
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Flexible Work Hours
401(k) Retirement Plan
Family Planning Benefits
Truework adds data methods, report predictions and more to accelerate financial workflows with machine learningSAN FRANCISCO, March 20, 2025 /PRNewswire/ -- Truework, a leading provider of income and employment verification technology, today announced it is expanding its intelligent orchestration with new data methods, predictive modeling and more to create Truework Intelligence , the first fully automated and comprehensive verification platform for mortgage lenders and property managers.The Truework Intelligence platform covers the end-to-end verification experience by delivering automatic orchestration, data standardization and insights—replacing homegrown vendor "waterfalls" and associated internal processes, eliminating guesswork and handing customers a plug-and-play solution."We started Truework to reinvent the way consumer data was collected and processed for maximum security and accuracy," explained Truework CEO and Co-Founder, Ryan Sandler. "From the early days, machine learning was a core part of our product. It has continued to evolve over time, both through internal modeling efforts and the latest external technologies. The Intelligence Platform is the result of this evolution to truly serve as a single solution for customers."New product features rolling out include:The addition of bank income and tax transcripts to its existing data methods (instant database, payroll connection, automated outreach and documents) to extend coverage to any U.S. employee. Truework automatically engages with one or multiple methods simultaneously and identifies the optimal method until the request is complete
Blend and Truework partner to expand income and employment verification solutions across home lending and consumer banking.
SAN FRANCISCO, June 3, 2024 /PRNewswire/ -- Truework, the one-stop platform for income and employment verification, announced today its new integration with the Exchange network of mortgage-specific service providers available to customers of the Empower® loan origination system (LOS) by Dark Matter Technologies. With this integration, mortgage lenders can access the Truework platform and verify U.S. employees' income and employment directly within the Empower LOS.Dark Matter TechnologiesLenders have been migrating to Truework for its industry leading 75% completion rates and use of multi-method verifications to seamlessly orchestrate income requests for any borrower. Now, Empower® customers can access this advantage directly within their Empower® LOS.Lenders like Ross Mortgage and Lake Michigan Credit Union have already started the enablement process for Truework inside their Dark Matter instance. This new approach lets Empower LOS users take advantage of more efficient underwriting processes, cost savings, and transparency. Processors can view real-time updates on every verification request directly within the Empower LOS, enabling faster processing times and improving the borrower experience.With this integration, mortgage lenders using Empower can make the income verification process more predictable and deliver a seamless mortgage journey to more borrowers."Customers of the Empower LOS can now deliver a better experience for borrowers while taking advantage of maximum time-saving and cost-reduction benefits with Truework's all-in-one platform," said Ryan Sandler, CEO and co-founder of Truework
SAN FRANCISCO, Jan. 10, 2024 /PRNewswire/ -- Truework, the one-stop platform for income and employment verification, announced today it has grown its instant data network to 48 million active employees. This milestone marks more than a 30% increase in network size since last year. Driving this growth has been the addition of multiple new partnerships with payroll providers, human capital management (HCM) platforms as well as other verification providers.In July of last year, Truework announced the launch of Truework Guardian , the first solution to help payroll providers, HCMs and other data providers securely automate verifications for every employee by applying a unique risk score. Similar to modern credit card systems where consumers are alerted about potential fraudulent transactions, Guardian notifies employees whenever a verification request is deemed suspicious, requiring additional authorization before sensitive data is shared.As a part of its growth to 48 million instant employee records, Truework is also announcing a new partnership with Vault Verify , the innovative HR platform transforming internal verifications into a revenue-generating business for employers."Our partnership with Vault Verify and other data platforms showcases the importance of protecting employee data without incurring harmful delays that can derail high-stakes transactions like buying a home," said Ryan Sandler, Truework CEO. "More employees can now rely on Truework to make sure accurate data is shared instantly and only with authorized parties."Protecting employee data is a shared focus for Truework and Vault Verify
Digital lending platform Revvin joined forces with Truework, an income and employment verification platform, to provide comprehensive income verification coverage.
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Industries
Data & Analytics
Enterprise Software
Financial Services
Company Size
51-200
Company Stage
Late Stage VC
Total Funding
$118.9M
Headquarters
San Francisco, California
Founded
2017
Find jobs on Simplify and start your career today