TransUnion and Truework Align to Provide Mortgage Lenders Expanded Access to Verification of Income and Employment
TransUnion (NYSE: TRU) has expanded its partnership with Truework to enhance mortgage lending services through their TruVision™ Income and Employment Verification solution. The system provides comprehensive verification of income and employment (VOI/E) information via TransUnion API, featuring:
- Access to 48M+ active employee records for instant data verification
- Consumer-permissioned payroll covering 90% of US employers
- Automated HR department outreach
- 75% average completion rate
This expansion follows similar implementations in rental screening and auto lending. TransUnion is implementing a phased rollout including integrations with loan origination systems, point-of-sale systems, and GSE certifications, with an early adopter program available for mortgage and home equity lenders.
TransUnion (NYSE: TRU) ha ampliato la sua partnership con Truework per migliorare i servizi di prestito ipotecario attraverso la loro soluzione TruVision™ Income and Employment Verification. Il sistema fornisce una verifica completa delle informazioni su reddito e occupazione (VOI/E) tramite l'API di TransUnion, con:
- Accesso a oltre 48 milioni di registri di dipendenti attivi per una verifica dei dati immediata
- Stipendi autorizzati dai consumatori che coprono il 90% dei datori di lavoro negli Stati Uniti
- Contatto automatizzato con i dipartimenti HR
- Un tasso medio di completamento del 75%
Questa espansione segue implementazioni simili nella valutazione degli affitti e nel prestito auto. TransUnion sta attuando un rollout graduale che include integrazioni con sistemi di origine prestiti, sistemi di punto vendita e certificazioni GSE, con un programma per early adopter disponibile per i prestatori di mutui e di equity domestica.
TransUnion (NYSE: TRU) ha ampliado su asociación con Truework para mejorar los servicios de préstamos hipotecarios a través de su solución TruVision™ Income and Employment Verification. El sistema proporciona una verificación integral de la información de ingresos y empleo (VOI/E) a través de la API de TransUnion, que incluye:
- Acceso a más de 48 millones de registros de empleados activos para verificación de datos instantánea
- Nómina autorizada por el consumidor que cubre el 90% de los empleadores en EE. UU.
- Contacto automatizado con los departamentos de RRHH
- Tasa media de finalización del 75%
Esta expansión sigue implementaciones similares en la evaluación de alquileres y préstamos de automóviles. TransUnion está llevando a cabo un lanzamiento por fases que incluye integraciones con sistemas de originación de préstamos, sistemas de punto de venta y certificaciones GSE, con un programa para adoptantes tempranos disponible para prestamistas de hipotecas y de capital en el hogar.
TransUnion (NYSE: TRU)은 Truework와의 파트너십을 확대하여 TruVision™ 소득 및 고용 확인 솔루션을 통해 모기지 대출 서비스를 개선하고 있습니다. 이 시스템은 TransUnion API를 통해 소득 및 고용 정보(VOI/E)의 포괄적인 확인을 제공합니다:
- 즉각적인 데이터 확인을 위한 4,800만 개 이상의 활성 직원 기록에 대한 접근
- 미국 고용주의 90%를 커버하는 소비자 승인 급여
- 자동화된 HR 부서 연락
- 75%의 평균 완료율
이 확장은 임대 screening 및 자동차 대출에서 유사한 구현에 이어 진행됩니다. TransUnion은 대출 원천 시스템, 판매 시점 시스템 및 GSE 인증과의 통합을 포함하는 단계적 롤아웃을 시행하고 있으며, 모기지 및 주택 자본 대출자를 위한 얼리 어답터 프로그램이 제공됩니다.
TransUnion (NYSE: TRU) a élargi son partenariat avec Truework pour améliorer les services de prêt hypothécaire grâce à leur solution TruVision™ Vérification des revenus et de l'emploi. Le système fournit une vérification complète des informations sur les revenus et l'emploi (VOI/E) via l'API de TransUnion, comprenant :
- Accès à plus de 48 millions de dossiers d'employés actifs pour une vérification des données instantanée
- Paie autorisée par le consommateur couvrant 90 % des employeurs aux États-Unis
- Prise de contact automatisée avec les départements RH
- Taux de complétion moyen de 75 %
Cette expansion fait suite à des mises en œuvre similaires dans le domaine de la sélection locative et du prêt automobile. TransUnion met en œuvre un déploiement par étapes, y compris des intégrations avec des systèmes d'origine de prêt, des systèmes de point de vente et des certifications GSE, avec un programme pour les premiers utilisateurs disponible pour les prêteurs hypothécaires et de capital immobilier.
TransUnion (NYSE: TRU) hat seine Partnerschaft mit Truework erweitert, um die Hypothekarkreditdienste durch ihre Lösung TruVision™ Einkommens- und Beschäftigungsüberprüfung zu verbessern. Das System bietet eine umfassende Überprüfung von Einkommens- und Beschäftigungsinformationen (VOI/E) über die TransUnion API, einschließlich:
- Zugriff auf über 48 Millionen aktive Mitarbeiterdaten für eine sofortige Datenverifizierung
- Von Verbrauchern genehmigte Löhne, die 90% der Arbeitgeber in den USA abdecken
- Automatisierte Kontaktaufnahme mit den HR-Abteilungen
- Durchschnittliche Abschlussquote von 75%
Diese Erweiterung folgt ähnlichen Implementierungen im Bereich der Mietprüfung und der Autofinanzierung. TransUnion führt eine schrittweise Einführung durch, die Integrationen mit Darlehensursprungssystemen, Point-of-Sale-Systemen und GSE-Zertifizierungen umfasst, wobei ein Frühadopter-Programm für Hypotheken- und Eigenheimkreditgeber verfügbar ist.
- Expanded market reach into mortgage lending sector
- High 75% completion rate for verification process
- Large database coverage with 48M+ active employee records
- 90% coverage of US employers through payroll system
- None.
Insights
TransUnion's expanded partnership with Truework represents a strategic expansion in the mortgage services segment amid expectations for increased origination activity. The collaboration enhances TRU's verification capabilities through an integrated solution that streamlines the previously fragmented income/employment verification process.
The technology integration combines multiple verification methods through a single API call, featuring an impressive 75% average completion rate and coverage of 90% of US employers. This positions TransUnion to capture additional revenue streams within the mortgage origination value chain, a key growth sector in their financial services portfolio.
This partnership advances TransUnion's broader strategy of creating integrated data solutions that simplify complex verification processes. By adding verified income and employment data alongside credit information and undisclosed debt monitoring, TransUnion strengthens its competitive positioning against rivals like Equifax and Experian in the mortgage services sector.
The phased rollout approach with loan origination systems and GSE certifications demonstrates disciplined implementation. With mortgage originations projected to increase, this timing allows TransUnion to scale its mortgage services when lenders most need efficiency improvements, potentially driving both adoption rates and profit margins in a segment that typically delivers higher-than-average returns.
TransUnion's expanded Truework integration represents a significant technical advancement in mortgage lending automation. By consolidating fragmented verification methods into a unified API solution, TransUnion addresses a critical pain point in mortgage underwriting workflows.
The technical architecture employs a sophisticated verification waterfall that intelligently routes verification requests through multiple channels: instant database verification (covering 48M+ employee records), consumer-permissioned payroll integration (90% employer coverage), and automated HR department outreach. This multi-channel approach delivers an impressive 75% completion rate, substantially higher than industry averages.
From an implementation perspective, TransUnion's phased rollout strategy through loan origination systems and point-of-sale platforms indicates thoughtful technical integration planning. This approach prioritizes seamless workflow adoption over immediate market penetration, which typically yields better long-term results in the mortgage technology ecosystem.
The combined income/employment verification alongside TransUnion's existing credit and undisclosed debt monitoring creates a powerful unified data platform that can significantly reduce origination cycle times. With mortgage lenders facing cost pressures and efficiency demands, solutions that eliminate verification bottlenecks while maintaining compliance with GSE requirements represent substantial operational value that will likely drive strong adoption rates among mortgage originators.
TruVision™ Income and Employment Verification (Powered by Truework) provides mortgage lenders a robust and efficient verification solution
CHICAGO, March 04, 2025 (GLOBE NEWSWIRE) -- TransUnion (NYSE: TRU) announced today an advancement of its partnership with Truework, a leading income and employment verification provider. The collaboration will now allow mortgage lenders more encompassing and reliable access to the verification of income and employment (VOI/E) information they need to accelerate underwriting while minimizing costs.
TruVision™ Income and Employment Verification (Powered by Truework) enables a comprehensive income and employment verification waterfall now available via the TransUnion API. This follows the recent launch of a similar TransUnion solution, also powered by Truework, for purposes of rental screening and builds upon the existing availability of the solution for auto lending.
“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, senior vice president and mortgage business leader at TransUnion. “TruVision Income and Employment Verification provides lenders with access to these major verification methods in one single solution.”
With TruVision Income and Employment Verification, lenders have access to major verification methods — orchestrated together in a single solution with an industry-leading
“We are excited to provide mortgage and home equity lenders with access to this new income and employment verification solution that can save them time and money while reducing errors along the way,” said Liz Pagel, senior vice president and global head of alternative data at TransUnion. “Through the integration of Truework’s best-in-class solution, we are getting closer to our vision that through one API call, mortgage lenders can receive credit, verified income and employment, and other critical solutions like undisclosed debt monitoring, which can help streamline the underwriting process.”
Ethan Winchell, president and co-founder at Truework, added, "We are excited to power the end-to-end verification experience for TransUnion's TruVision™ Income and Employment Verification product, and to bring speed, transparency, and high report completion to TransUnion customers. For Truework, this integration opens the doors for many new exciting markets where customers need income and employment data."
TransUnion is conducting a phased rollout of the new solution including integrations with loan origination systems, point-of-sale systems and GSE certifications. Mortgage and home equity lenders interested in piloting the solution are encouraged to contact tu_mortgage@transunion.com or their TransUnion representative to join its early adopter program.
About Truework
Truework is the leading platform that solves income and employment verification pain points for mortgage lenders. Powered by automation and machine learning, Truework removes the complexities of managing multiple verification vendors in-house by replacing traditional and manual efforts and delivering comprehensive, vetted, and accurate verification reports. With Truework’s industry-leading
About TransUnion (NYSE: TRU)
TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world. http://www.transunion.com/business
| Contact | Dave Blumberg |
| TransUnion | |
| dblumberg@transunion.com | |
| Telephone | 312-972-6646 |
FAQ
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