Truework offers automated income and employment assessment through Freddie Mac’s Loan Product Advisor® as an AIM Service Provider

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).

Through this collaboration, verifications completed using Truework’s Instant and Credentials verification methods are now eligible for automated income and employment assessment using LPA.

“Truework remains committed to offering the most comprehensive income verification solution on the market,” said Ryan Sandler, CEO of Truework. “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."

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," shared Daniel Miller, Freddie Mac Single-Family Director of Strategic Technology Partnerships. "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."