{"id":120076,"date":"2024-08-01T07:00:33","date_gmt":"2024-08-01T11:00:33","guid":{"rendered":"https:\/\/www.send2press.com\/wire\/?p=120076"},"modified":"2024-07-31T17:40:29","modified_gmt":"2024-07-31T21:40:29","slug":"lenderlogix-integrates-income-employment-verification-services-from-truv-into-litespeed-mortgage-point-of-sale","status":"publish","type":"post","link":"https:\/\/www.send2press.com\/wire\/lenderlogix-integrates-income-employment-verification-services-from-truv-into-litespeed-mortgage-point-of-sale\/","title":{"rendered":"LenderLogix Integrates Income, Employment Verification Services from Truv into LiteSpeed Mortgage Point-of-Sale"},"content":{"rendered":"

BUFFALO, N.Y., Aug. 1, 2024 (SEND2PRESS NEWSWIRE) — LenderLogix<\/a>, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced its integration with automated employment and income technology provider Truv. Through the integration, lenders can now access Truv\u2019s consumer-permissioned data platform through LenderLogix\u2019s point-of-sale (POS) LiteSpeed to obtain direct-to-source income and employment verification for mortgage applicants.<\/p>\n

\"LenderLogix\"
Image caption: LenderLogix.<\/em><\/p>\n

\u201cWith the integration of Truv\u2019s verification capabilities and LiteSpeed, lenders can now enjoy a streamlined workflow that reduces administrative tasks and frees up resources for improved customer service,\u201d said LenderLogix Co-Founder and CEO Patrick O\u2019Brien. \u201cThis powerful combination eliminates the need for third-party verification services, leading to significant cost savings and lower overall loan processing expenses. Additionally, the automation speeds up loan approvals, allowing lenders to close loans faster and optimize their operational throughput.<\/p>\n

Truv\u2019s technology covers 96% of the U.S. workforce and is proven to save lenders 60-80% compared to legacy verification providers. With immediate access to accurate income and employment data from Truv inside LiteSpeed, lenders can eliminate delays caused by manual document collection and improve review speed by obtaining more complete loan files from the point of application. Borrowers benefit from a simplified and quicker application process, reducing the number of touchpoints and providing a more user-friendly experience.<\/p>\n

\u201cOur integration with LenderLogix marks a significant advancement in our mission to revolutionize the mortgage origination process,\u201d said Kirill Klokov, CEO of Truv. \u201cBy combining our strengths, we are providing mortgage lenders with the tools they need to deliver exceptional service to their clients while improving operational efficiency.\u201d<\/p>\n

About Truv<\/strong><\/p>\n

Truv is a leading provider of innovative solutions for income and employment verification. Committed to transforming the mortgage industry, Truv offers real-time, direct-source verification technology that enhances accuracy, efficiency, and borrower experience. For more information, visit Truv\u2019s Website<\/a>.<\/p>\n

About LenderLogix<\/strong><\/p>\n

LenderLogix\u00a0leverages the four decades of firsthand mortgage origination and real estate experience of its executive team to design customized software to meet the needs of today\u2019s mortgage lenders. The company\u2019s suite of products addresses the speed at which today\u2019s real estate market moves by delivering technology solutions that create agile and informed borrowers, build strong referral partners and ultimately save lenders time and money. For more information, visit https:\/\/www.lenderlogix.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

BUFFALO, N.Y., Aug. 1, 2024 (SEND2PRESS NEWSWIRE) — LenderLogix, a leading provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, today announced its integration with automated employment and income technology provider Truv. Through the integration, lenders can now access Truv’s consumer-permissioned data platform through LenderLogix’s point-of-sale (POS) LiteSpeed to obtain direct-to-source income and employment verification for mortgage applicants.<\/p>\n","protected":false},"author":9529,"featured_media":103304,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[39,12804,19046,38,10711,8,6,5],"tags":[205,12301],"class_list":["post-120076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage-news","category-ap","category-buffalo-business","category-finance-news","category-fintech","category-new-york-news","category-software-news","category-technology-news","tag-depthpr","tag-income-verification-service","has-post-title","has-post-date","no-post-category","no-post-tag","no-post-comment","has-post-author"],"acf":[],"views":3520,"_links":{"self":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/120076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/users\/9529"}],"replies":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/comments?post=120076"}],"version-history":[{"count":0,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/posts\/120076\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media\/103304"}],"wp:attachment":[{"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/media?parent=120076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/categories?post=120076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.send2press.com\/wire\/wp-json\/wp\/v2\/tags?post=120076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}