Verification provider Xactus and income and employment data solution firm Truv teamed up to court more mortgage lenders that will speed up the mortgage approval process.
Xacuts’ current verification capabilities will be augmented with Truv’s income and employment data, Truv, formerly known as Citadel API, said. The firm expects the partnership to allow mortgage lenders verify income and employment for more than 146 million U.S. employees, covering 85% of the country’s workforce.
The collaboration aims to help mortgage lenders have access to income and employment data to assess risk for applicants, a process that is time-consuming and expensive.
“This partnership will enable mortgage details ⇒
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