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What is the difference Between Employer-Level vs. Borrower-Level Reports in Truv?

Truv has been continuously enhancing its platform to make income, employment, and asset verifications simpler, faster, and more precise for lenders. Among the most significant improvements are the updates to Truv Orders and the ability to generate both employer-level reports and borrower-level reports. Understanding the differences between these reports is essential for loan officers (LOs), loan originator assistants (LOAs), and processors who rely on Truv data to make informed decisions and meet Fannie Mae and Freddie Mac submission requirements.

 

Employer-Level Reports

Employer-level reports focus on a single employer’s information for a borrower. They provide:

  • A detailed view of income and employment verification per employer.

  • Ability to validate whether information retrieved from the employer is sufficient to move the loan file forward.

  • Utility for LOs and processors who need to assess individual employment data, such as multiple part-time jobs or side income.

These reports are particularly helpful when a borrower has multiple sources of income or when loan files include primary and co-borrowers with separate employers. They allow lenders to review granular details from each employer independently before consolidation.

 

Borrower-Level Reports

Borrower-level reports consolidate all employment and income data for a single borrower, aggregating information from multiple employer-level reports. Key benefits include:

  • Comprehensive view: Combines all verified income sources and employment data in one report.

  • GSE-ready: Approved for submission to Fannie Mae and Freddie Mac (D1C and AIM).

  • Simplified submission process: Use the report ID to meet GSE representation and warranty relief requirements.

  • Efficiency: Enables LOs to make informed underwriting decisions without manually combining data from multiple employers.

In short, borrower-level reports streamline workflow by consolidating multiple employer reports into one GSE-compliant document.

 

Why Both Report Types Matter

  • Employer-level reports are critical for evaluating the accuracy of individual income sources.

  • Borrower-level reports provide a consolidated view for submission to Fannie Mae and Freddie Mac.

  • Together, they help lenders reduce fraud risk, minimize manual work, accelerate processing, and ensure compliance with GSE requirements.

With these updates, Truv empowers lenders to make confident underwriting decisions while providing a seamless experience for borrowers and loan teams.