Truework bolstered its mortgage technology platform by creating a new tool, Truework Intelligence, the company announced on Thursday. The platform will give property managers and mortgage lenders access to a comprehensive, end-to-end verification tool.
Truework calls the new and improved platform the first automated and comprehensive income verification tool. The company said that Truework Intelligence includes new data methodology, predictive analytics modeling and other features.
With this new platform, Truework seeks to eliminate common vendor “waterfalls” with income verification. Truework co-founder and CEO Ryan Sandler said that the platform’s new tools will establish Truework as a go-to income verification solution.
“From the early days, machine learning was a core part of our platform. It has continued to evolve over time both through internal modeling efforts and the latest external technologies. Truework Intelligence is the result of this evolution to truly serve as a single solution for customers,” Sandler said in a statement.
“It’s not about returning the first data set we find,” Sandler added. “That’s what everyone else does. And it doesn’t work. It makes organizations leverage subpar vendors to fill data gaps. We are looking at the bigger picture by providing an accurate and complete picture of every consumer, using technology to handle data with trust and attention to detail.”
The features of Truework Intelligence are centered around automation, predictive modeling, strategic integrations and other technology-driven features.
The company added bank income and tax transcripts to its existing data methods, which include an instantly available database, payroll connectivity, automatic communications and document management.
Truework Intelligence includes predictive modeling for determining income report turnaround times. Teams can integrate Truework and have the flexibility to access its features anywhere.
This isn’t the first of Truework’s moves to bolster its technology offerings in early 2025.
Earlier this month, the company expanded its partnership with TransUnion by integrating its verification system into TransUnion’s advanced programming interface (API). TransUnion’s leadership expects mortgage origination volume to grow this year, which prompted them to pursue a streamlined income verification process.
“With mortgage originations expected to rise this year, lenders more than ever will need efficient tools and resources for streamlined income and employment verification,” said Satyan Merchant, TransUnion’s mortgage business leader.
Truework’s technology is now integrated with with eight of the country’s top 10 lenders by origination volume. One of these integrations is with Dark Matter Technologies and its widely used Empower loan origination system (LOS).
Truework said it has a 75% completion rate, alongside a reported cost savings of up to 50% among mortgage providers.
