Truv specializes in VOIE (Verification of Income and Employment), leveraging the power of over 12,800 unique integrations with payroll providers, employers, and gig platforms. This integration not only makes Truv's data extensive but also incredibly accurate and fast. Our platform gives employees the power to control what gets shared and when, ensuring security and transparency.
How Truv Serves the U.S. Market
- Employer Partnerships: Many employers across the U.S. utilize Truv to handle income and employment verifications on their behalf. The seamless integration between employers and Truv ensures streamlined processes without the need for extensive HR involvement.
- HRIS System Integration: Truv integrates with various HRIS systems to automate and simplify the verification processes, making onboarding and continuous verification as easy as possible.
- Truv Direct Access: We offer a direct login capability for employees to connect their payroll data, allowing authorized parties such as lenders to verify income and employment swiftly.
- Proactive Engagement: In cases where additional verification is required, Truv proactively contacts the employer’s HR team to verify the employee's information accurately and securely.
What is a Verification of Income (VOI) and Employment (VOE)?
- A VOI and VOE are essential, particularly when major financial decisions are involved:
Applying for a mortgage - Securing a personal or auto loan
- Undergoing credit applications
- Completing background checks for new employment
Our verifications play a pivotal role in ensuring that all parties have accurate and timely information, thus streamlining the application processes in myriad scenarios, including for first-time homebuyers or those securing substantial loans.
How Truv Automates VOEs and VOIs
Imagine you’re purchasing your first home and need a mortgage. Here’s what you would typically expect:
1. Contact the Bank: You reach out to your bank and provide details about your financial situation.
2. VOIE Request: The assigned mortgage lender submits a request to Truv for your income and employment verification.
3. Verification Process: Truv verifies the authenticity of the request and informs you, giving you a chance to review what information will be shared.
4. Secure Sharing: Once confirmed, Truv securely shares your verified data with the mortgage lender, ensuring they have all needed documentation to proceed.
Revolutionizing Financial Equality
At Truv, we are driven by a vision to offer more than just data verification; we strive to improve the foundations of financial decision-making. Truv is dedicated to offering a fair, fast, and transparent platform that equates financial freedom with financial equality.
For mortgage lenders, banks, and other financial entities, Truv promises an opportunity to overhaul their verification processes, reduce overhead costs, and deliver an experience that aligns with the modern consumer’s expectations for efficiency and security.