By leveraging Truework to remove manual efforts from the income and employment verification process, VACU has been able to drive increased efficiency in their production operation.

Using multiple vendors for income and employment verifications was the standard process for Bravera’s loan processing team until they realized that one of the platforms they were using could do it all—and that was Truework. By consolidating their verification efforts into one place, they significantly reduced manual work and improved time to submit to underwriting.

Pennymac is a top home mortgage lender in the U.S., with $632+ billion in loans serviced since their inception in 2008. When faced with the increasing costs associated with loan origination in recent years, they looked to solutions like Truework to simplify their operations. By automating income and employment verifications with Truework for their consumer direct loans, Pennymac reduced their total cost of ownership by 20% and saved their teams tens of thousands of hours.

By enforcing high standards for resident screening from the beginning, Magellan Development Group kept delinquency rates low across their 7 multifamily rental properties. However, they recognized that their efforts relied heavily on manual review, which had the possibility of error. With Truework’s multi-method verification platform, they automated the screening process and removed the need for manual document review.