BUFFALO, N.Y., Aug. 1, 2024 (SEND2PRESS NEWSWIRE) - LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced its integration with automated employment and income technology provider Truv.

Leading consumer-permissioned platform syncs with powerful POS to deliver fast, affordable borrower verifications for mortgage lendersNEW YORK, April 24, 2024 /PRNewswire/ -- Truv, a GSE-approved direct-to-source income, employment and asset verification provider is thrilled to announce its pivotal partnership with BeSmartee, provider of an award-winning Point-of-Sale (POS) platform for mortgage lenders.Truv has seamlessly integrated with BeSmartee's mortgage POS platform, Bright POS, to automate manual verification processes and transform the mortgage experience for lenders and borrowers with easier mortgage approvals, heightened data transparency and faster closings. Through their aligned missions to streamline the mortgage process and reduce costs for lenders, Bright POS is unlocking the power of Truv's consumer-permissioned data to deliver lenders a cost-effective, all-in-one platform."Our partnership with Truv elevates BeSmartee's mission of transforming borrowers into data verifiers vs. data providers," says BeSmartee Co-Founder & CEO Tim Nyguen. "Truv and Bright POS also put the power in originators' hands." He added, "Loan officers can capture a borrower in seconds, verify income and employment in seconds, and zoom to the closing table with more confidence and less legwork for all players in the process."Truv's industry-leading coverage of 92+% of the U.S. workforce, coupled with its success rates surpassing competitors in verification accuracy, empowers lenders using right POS to replace costly third-party verification services and unreliable methods. Through this powerful integration, lenders are positioned for expedited closing times, more efficient operational workflows, and significant reduction in costs, with proven savings of 60-80% compared to traditional verification methods."Truv's integration with Bright POS is paving the way for mortgage lenders to tap into unparalleled cost savings and enhanced profitability," said Kirill Klokov, Co-Founder & CEO of Truv

Direct integration with Truv enables lenders to support an enhanced borrower application/verification experience at a lower cost-point per loanBOULDER, Colo. /Massachusetts Newswire – National News/ — Floify, the mortgage industry’s leading point-of-sale (POS) solution, today announced an integration with Truv, a consumer-permissioned data platform. The integration enables borrowers to electronically verify their income and employment as they apply for a mortgage loan.Manual verification of income (VOI) and verification of employment (VOE) is a frustrating and time-consuming process for borrowers and a major source of production friction for mortgage lenders. Truv’s ability to electronically verify income and employment for 95% of the U.S. workforce supports a better borrower experience while helping lenders make faster and more cost-effective underwriting decisions.Floify allows lenders to create customizable borrower journeys without costly development work and automated task workflows that promote lending efficiency. When borrowers opt to electronically verify income and employment through Floify’s borrower portal, Truv automatically retrieves two years of W-2s, paystubs, bank statements and 1099s, providing lenders with information needed to pre-approve borrowers