“Our
integration
with
Tidalwave
represents
a
significant
advancement
in
mortgage
application

technology,”
Truv
CEO

Kirill
Klokov
said
in
a
statement.
“By
providing
instant
access
to
real-time
income,
employment,
and
asset
data
at
the
initial
point
of
application,
we’re
helping
lenders
make
faster,
more
confident
pre-approval
decisions
while
dramatically
improving
the
borrower
experience.”

The
integration
claims
to
deliver
several
benefits
to
mortgage
lenders
and
borrowers,
including:

• Increased
  automation:
  Embeds
  Truv
  VOIE
  &
  VOA
  directly
  in
  the
  loan
  application
  to
  improve
  conversion
  and
  alleviate
  manual
  burden
• Accelerated
  preapproval
  process:
  Direct-to-source
  verification
  data
  at
  the
  point
  of
  application
  accelerates
  lending
  decisions
• Enhanced
  borrower
  experience:
  Minimizes
  document
  collection
  and
  paperwork
  friction
  during
  the
  initial
  application
• Reduced
  application
  abandonment:
  Streamlines
  the
  verification
  process
  and
  significantly
  improves
  application
  completion
  rates
• Significant
  cost
  savings:
  Lenders
  using
  Truv
  save
  60%
  to
  80%
  on
  verification
  costs
  compared
  to
  traditional
  solutions

“This

partnership
with
Truv
aligns
perfectly
with
our
mission
to
modernize
the
mortgage
application
process
through
technology,”
Tidalwave
CEO

Diane
Yu
said.
“The
integration
provides
our
lender
clients
with
instant
access
to
critical
verification
data
at
the
earliest
point
of
borrower
engagement,
eliminating
friction
while
ensuring
compliance
and
accuracy.”

Truv’s
verification
solution
is
available
immediately
through
the
integration.