Verifying Self-Employment Income with Truv
Problem:
Verifying self-employment income can be complex due to varied income sources and the need for detailed financial institution data.
Solution:
Truv offers a comprehensive solution for verifying self-employment income by connecting directly to financial institutions, providing secure and customizable data for agencies.
How it Works:
- Client Login: The client logs into their financial institution (e.g., Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, Navy Federal Credit Union).
- Secure Connection: Truv utilizes 71%+ OAuth connections to ensure secure and fast logins for borrowers.
- Customizable Data: Agencies can request specific data points, including:
- Asset summary (e.g., 30, 60, 90-day average balances, available balance).
- Large deposits.
- Specific date ranges for requested data.
- Extended account history and transaction flagging.
Key Features:
- Coverage of 12,500+ financial institutions.
- Ensures secure and fast logins.
- Provides detailed and customizable financial data directly from the source.