Truework Unveils Truework Intelligence Platform to Uplevel Its Comprehensive Income and Employment Verification Solution
Truework adds data methods, report predictions and more to accelerate financial workflows with machine learning
Truework, a leading provider of income and employment verification technology, announced it is expanding its intelligent orchestration with new data methods, predictive modeling and more to create Truework Intelligence, the first fully automated and comprehensive verification platform for mortgage lenders and property managers.
The Truework Intelligence platform covers the end-to-end verification experience by delivering automatic orchestration, data standardization and insights—replacing homegrown vendor “waterfalls” and associated internal processes, eliminating guesswork and handing customers a plug-and-play solution.
“We started Truework to reinvent the way consumer data was collected and processed for maximum security and accuracy,” explained Truework CEO and Co-Founder, Ryan Sandler. “From the early days, machine learning was a core part of our product. It has continued to evolve over time, both through internal modeling efforts and the latest external technologies. The Intelligence Platform is the result of this evolution to truly serve as a single solution for customers.”
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New product features rolling out include:
- The addition of bank income and tax transcripts to its existing data methods (instant database, payroll connection, automated outreach and documents) to extend coverage to any U.S. employee. Truework automatically engages with one or multiple methods simultaneously and identifies the optimal method until the request is complete.
- Predictive modeling for report turnaround times and likelihood of report completion to provide further transparency and deeper insights into the verification process. This is in addition to existing machine learning models that match data points across real-world entities, extract and parse data for accuracy and estimate the accuracy of income according to employment details.
- Strategic integrations to bring Truework to wherever teams work. The platform is built with the flexibility to bring intelligent verifications to anywhere in an organization’s existing processes, either through custom configurations, custom-built integrations, or system integrations.
Truework Focuses on Successful Business Outcomes vs. Hit Rates
Today’s consumer data space is overcrowded with point solutions or resellers who mishandle or provide inaccurate data and ultimately do not solve for holistic business outcomes, making it a lose-lose situation for organizations and consumers. Truework is the only verification solution to focus on solving for business outcomes.
“It’s not about returning the first data set we find,” said Ryan Sandler, CEO and Co-Founder of Truework. “That’s what everyone else does. And it doesn’t work. It makes organizations leverage subpar vendors to fill data gaps. We are looking at the bigger picture by providing an accurate and complete picture of every consumer, using technology to handle data with trust and attention to detail.”
Working with eight of the country’s top 10 lenders by origination volume, Truework’s technology has already helped mortgage lenders across the U.S. cut costs by 50% with speed, accuracy, and average completion rates of 75%.
Truework is the leading platform that solves income and employment verification pain points for mortgage lenders and property management companies. 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.
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