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Truv and Lodasoft Partnership Boosts Mortgage Process with Real-Time Verification

Author

Slice of Finance Team
08 Nov

Key Highlights:

  • Real-time Verification: Enables rapid loan processing with consumer-permissioned data.

  • Seamless Borrower Experience: Integration offers a smooth, 30-second verification within Lodasoft.

  • Compliance Confidence: Meets industry and Government Sponsored Enterprise (GSE) standards.

  • Market-Leading Coverage: Truv covers 96% of the US workforce, supporting over 2.3 million employers.

Source: PR Newswire

Notable Quotes:

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“Our partnership with Lodasoft represents a significant leap forward in mortgage lending technology."

Kirill Klokov, CEO at Truv
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“This integration reflects our commitment to providing mortgage professionals with the most advanced, user-friendly tools in the industry.”

Adam Batayeh, President at Lodasoft

Our Take:

This strategic integration between Truv and Lodasoft demonstrates a crucial advancement in digital mortgage processing, offering lenders a competitive advantage by eliminating delays associated with manual document verification. By accessing consumer-permissioned data directly from payroll sources, Truv provides a streamlined, compliant solution that aligns with current industry standards, positioning mortgage professionals to enhance borrower satisfaction and accelerate loan processing. This collaboration solidifies both companies’ roles as leaders in transforming the mortgage experience for today’s fast-paced, compliance-driven market.