Truv, a provider of consumer-permissioned income, employment, and asset verification services, announced it is powering real-time income and employment verification within Pylon's autonomous mortgage origination platform.
The integration is designed to replace one of the mortgage process's most persistent friction points: collecting borrower income documentation. Instead of uploading pay stubs, W-2s, and other employment records, borrowers can connect their payroll accounts through Truv, allowing income and employment data to flow directly into Pylon's automated underwriting system.
According to the companies, the process can support instant conditional approvals while reducing the back-and-forth documentation requests that often slow mortgage originations.
"Verifying income and employment has historically required borrowers to manually upload W-2s and paystubs, a process prone to errors and delays," the companies said in announcing the integration.
"Lenders and technology companies have spent years automating pieces of the mortgage origination process, which often amounted to digitizing a series of manual steps," said Kirill Klokov, CEO of Truv. "Pylon is the first to build an origination experience that's fully autonomous end-to-end. We're proud that Truv's verification is a key part of making this experience seamless."
Because Truv is approved by Fannie Mae for Day 1 Certainty (D1C) and Freddie Mac for Asset and Income Modeler (AIM), income and employment verification results may be accepted without requiring additional documentation conditions, potentially reducing underwriting friction for lenders and borrowers.
For LOs, the integration addresses a longstanding operational challenge. Even in highly digital lending environments, LOs, processors, and fulfillment teams often spend significant time requesting updated pay stubs, W-2s, and employment records. Direct payroll verification can reduce those touchpoints and help move files through underwriting more efficiently.
"The alternative to Truv is manual document upload," said Evan Roman, vice president of product at Pylon. "Borrowers frequently don't upload the right things, and one document triggers the need for another. Truv cuts that loop entirely. Ultimately, borrowers need to provide that information for a credit decision either way, but with Truv flowing directly into Pylon's automated underwriting, that instant credit decision comes with a significantly more streamlined experience."
The announcement marks another step in Pylon's effort to automate more of the mortgage manufacturing process. The company describes its platform as an end-to-end mortgage infrastructure system that combines application intake, underwriting, fulfillment, capital markets functions, and settlement into a single technology stack.
Pylon has gained visibility across the mortgage industry as it expands adoption of its automated lending platform. Earlier this year, the company announced a partnership with Loan Factory aimed at integrating its mortgage infrastructure and capital markets capabilities into the brokerage's technology ecosystem.
Founded in 2022, Pylon is backed by investors including Peter Thiel, Conversion Capital, QED, Citi, and Fifth Wall. Truv currently works with more than 150 lenders, providing income, employment, and asset verification solutions designed to support mortgage underwriting and GSE eligibility requirements.
