SAN FRANCISCO, June 30, 2021 / PRNewswire / – Truework, The automated income verification platform, announced today that it is a fully integrated partner with Encompass® by ICE Mortgage Technology, the leading loan origination platform for mortgage lenders. Loan processing teams can now automatically verify any U.S. employee through Truework without leaving the Encompass® environment. With nearly half of all US mortgages issued through Encompass®, more lenders than ever will be able to use Truework to process income verifications faster.
The verification process is often long and tedious. The Truework platform is designed to reduce friction for lenders by providing better coverage and faster verifications. Lenders can further automate the underwriting process by verifying any employee through Truework. Truework has an instant network of employment and income data for more than 35 million U.S. employees, making it the second largest and fastest growing instant network in the United States. possibility of integration in a few clicks.
Encompass® integration makes submitting audits easier than ever, helping loan processors save time by centralizing audit submissions and reports in one system. By using Truework on Encompass®, processors no longer have to switch between different verification providers when processing mortgage applications, reducing the need to juggle multiple usernames and passwords. Prioritizing privacy and security, only one login is required to complete any verification through Truework.
“Encompass® users will now be able to combine the industry’s most recognized loan origination system with the industry’s best verification coverage on Truework,” said Ryan sandler, CEO and co-founder of Truework. “We bring Encompass® an automated one-stop-shop for all income and employment verifications. Best of all, our API-based integration gives Encompass® administrators plug-and-play functionality, making Truework one of the simplest integrations in the Encompass® ecosystem. ”
This partnership gives Encompass® users direct access to Truework’s all-in-one service as well as their dedicated customer support team.
The news comes just after Truework’s announcement of a partnership with Gusto in April, making Truework the largest verification provider for small businesses. Additionally, the company recently announced that its the network has grown to deliver instant data to over 35 million employees across United States.
To learn more about the integration of Truework with Encompass®, visit Real Work Blog.
Truework is an API platform for employment and income verification that allows banks, lenders and background check providers to verify any U.S. employee. Through partnerships with payroll service providers such as Gusto, Zenefits, UKG and Paylocity, Truework has the second largest instant verification network with over 35 million employees. Founded by Ryan sandler, Ethan Winchell and Victor Kabdebon in 2017, the company is backed by Activant Capital, Sequoia Capital, Khosla Ventures and others. To learn more, visit www.truework.com.
About the 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 in major asset classes that provide our clients with access to essential workflow tools that increase transparency and operational efficiency. We operate Trades, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our global fixed income data services and execution capabilities provide insights, analytics, and platforms that help our clients capitalize on opportunities and operate more efficiently. AT ICE mortgage technology, We’re transforming and digitizing the US residential mortgage process, from consumer engagement to loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunities.
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