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What is the pricing model for the VOA service?

The pricing structure for the LenderLogix/Truv verification ecosystem, which includes VOA, is based on a Success-Aligned Pricing model.

The Pricing Model

This model means that the lender only incurs a charge for verifications that are successfully used in a closed loan.

  • You Only Pay For Success: Charges are applied only when the loan closes.
  • This model applies to both the Verification of Income and Employment (VOIE) and the Verification of Assets (VOA) completed through the integrated platform.

Initial Setup and Enablement

There is an initial setup process required to enable the service:

  1. Contact CSM: To enable the VOA capability, the lender must contact their LenderLogix Customer Success Manager to activate the Truv LiteSpeed integration.
  2. Configuration: The setup involves configuring the necessary credentials:
    • Copying the Truv Client ID and API keys.
    • Configuring the relevant Truv Template IDs.
    • Adding these details to the LenderLogix LiteSpeed account.