Truework Is Now a Freddie Mac AIM Service Provider for Automated Income and Employment Verification
Truework, the all-in-one platform for automated income and employment verification, announces it is a service provider supporting Freddie Mac’s Loan Product Advisor® (LPASM) asset and income modeler (AIM).
What does Truework's Freddie Mac AIM approval mean for mortgage lenders?
Through this collaboration, verifications completed using Truework’s Instant and Credentials verification methods are now eligible for automated income and employment assessment using LPA.
This gives mortgage lenders a faster path to GSE-eligible verifications with representation and warranty relief.
Truework remains committed to offering the most comprehensive income verification solution on the market. Today, lenders are stitching together multiple verification technologies, which are not only time-consuming and expensive but can lead to inconsistent data and the risk of errors. By adding support for AIM to Truework Income, lenders can now have confidence they can close higher-quality loans more quickly.
Ryan Sandler
CEO of Truework
How does Truework help mortgage lenders reduce income verification costs?
By connecting all major verifications into a single platform, Truework allows lenders to minimize time spent on verifications while lowering the overall cost and improving data accuracy.
Mortgage lenders using Truework see an average automated verification completion rate of over 75%.
We're truly excited about our collaboration with Truework and this opportunity to expand access to LPA's capabilities. Truework’s approach to solving industry challenges aligns with Freddie Mac’s efforts to help lenders drive down the cost to originate, elevate loan quality, and make homeownership more achievable for all.
Daniel Miller
Freddie Mac Single-Family Director of Strategic Technology Partnerships
What's next for mortgage lenders using Truework?
Truework's approval as a Freddie Mac AIM service provider is one more step in its mission to deliver the most comprehensive automated income and employment verification platform on the market.
Mortgage lenders looking to reduce origination costs, improve data accuracy, and close higher-quality loans faster can get started with Truework today.
