Vesta, a next-generation loan-origination system, on Wednesday announced an integration with Truework, an income verification platform.
Built directly into the lender workflow, the Truework API allows for instant access to millions of income and employment records, the company said. Lenders of all sizes can now take advantage of Truework’s verifications for any applicant directly from the Vesta LOS, without disrupting their workflow, it said.
The company said that, as lenders pursue true end-to-end digital automation, the need for streamlining the time to close, converting borrowers faster, and reducing operational costs becomes more critical. With Vesta’s no-code workflow and decisioning engine, lenders can configure their business logic directly within the web-based application, without needing to use developer resources, the company said. The system’s open, cloud-native APIs unlock easy integrations to platforms like Truework, giving lenders the ability to integrate all their verification needs into one single solution.
“As we speak with today’s financial institutions about their challenges and opportunities, we continue to hear that income verification is one of the biggest pain points in origination,” said Mike Yu, Vesta CEO. "Our partnership with Truework is bringing a mission critical step of the process to the digital age, allowing for end-to-end streamlined verifications directly from the LOS."
“We’re excited to partner with Vesta, who shares our passion for innovation and commitment to the customer, to bring first-class income and employment verification to their next-generation LOS,” said Ryan Sandler, Truework Founder & CEO. "We want Truework to be a frictionless option for all of our mortgage customers, and this partnership brings us one step closer to that goal."
