Truv Announces Integration with Leading Digital Lending Software ICE Mortgage Technology™
Mortgage Lenders Can Now Verify US Workforce Income and Employment Through Truv’s Integration with ICE Mortgage Technology ™
MIAMI–(BUSINESS WIRE)–#buildtruv–Truv – a one-stop income and employment solution – announces integration based on the latest Encompass Partner Connect™ API platform and available through Encompass® by ICE Mortgage Technology™, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of marketplace data, technology and infrastructure to automate consumer income and employment verification for the American workforce.
Verifications are often time-consuming and expensive steps in the mortgage process. Truv is a one-stop solution for income and employment verification that enables financial institutions to make decisions with confidence, faster. Truv’s consumer-authorized instant verification infrastructure connects financial institutions to more than 120 million US employees. Combined with its document upload capabilities and upcoming partnerships, Truv verifies over 90% of the US workforce.
“Truv is pleased to provide ICE Mortgage Technology and Encompass customers with direct access to our one-stop-shop verification solution,” said Kirill Klokov, CEO of Truv. “By using Truv with ICE Mortgage Technology, our joint clients can experience much greater efficiency and profitability with verification of income and employment during the loan process.”
The partnership offers ICE Mortgage Technology and Encompass customers expedited income and employment verification that is automated, accurate, and cost-effective directly within the leading loan origination platform. Consumers also benefit from faster loan approvals and a better overall experience.
For more information, visit Truv.com.
ICE Mortgage Technology
ICE Mortgage Technology combines technology, data, and expertise to automate the entire mortgage process, from consumer engagement to loan registration, and every step and task in between. ICE Mortgage Technology is the leading provider of cloud-based loan origination platforms for the mortgage industry with solutions that enable lenders to originate more loans, reduce origination costs and reduce time to close, while ensuring the highest levels of compliance, quality and efficiency. Visit icemortgagetechnology.com or call (877) 355-4362 to learn more.
True (truv.com), formerly known as the Citadel API, enables financial institutions to make decisions with confidence. Truv is a unique solution that provides businesses with fast, accurate, and cost-effective data on consumer earnings and employment, while consumers benefit from faster approvals and a better overall experience. Truv’s consumer-authorized instant verification covers 120 million people. Combined with its next document download and partnerships, Truv covers more than 90% of the US workforce.
About intercontinental exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that provide our clients with access to critical workflow tools that increase transparency and operational efficiency. We operate Exchangesincluding the New York Stock Exchangeand clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income securities data services and execution capabilities provide insights, analytics and platforms that help our clients take advantage of opportunities and operate more effectively. To ICE Mortgage Technology, we are transforming and digitizing the residential mortgage process in the United States, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 — Statements in this press release regarding ICE’s business that are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ materially from those contained in the forward-looking statements, see ICE’s filings with the Securities and Exchange Commission (SEC), including, but not limited thereto, the risk factors in the Annual Report on Form 10-K for the fiscal year ended December 31, 2020, as filed with the SEC on February 4, 2021.