Customer Stories
Learn how our customers use Truework to automate and unify their verifications
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.
As a member-owned credit union since 1938, Wings Financial has long put an emphasis on maximizing the member experience in order to strengthen relationships and grow business. With 333,000 members and counting, Wings has used this approach to position itself as one of the nation’s top 40 credit unions.
With a dedication to improving the borrower experience, NJ Lenders Corp. has grown to service more than 17 states and close over 100,000 mortgage loans. To continue making improvements during a challenging market environment, they needed to maximize automation and efficiency in order to reduce costs and increase pipeline capacity across their mortgage business.
Octane is revolutionizing recreational purchases, like power sports vehicles, outdoor power equipment, and RVs, by delivering a seamless, end-to-end digital buying experience. To provide access to financing as fast as possible, fund more loans, and increase efficiency, they needed to instantly verify income for potential customers
