Equifax

Integrations helped the income and employment data provider grow its mortgage customer base and attract backing from Rockefeller Asset Management’s Fintech Innovation Fund

More lenders can access Truv's income and employment verification services following recent integrations with Dark Matter Technologies' Empower platform, Freddie Mac and nCino

New integrations with The Work Number and Informative Research are aimed at helping lenders using Smart Underwrite to speed underwriting approvals and reduce human error, company says

Company puts heat on regulators to stick to 2025 timetable for requiring lenders working with Fannie and Freddie to use VantageScore 4.0; delays would impact 'creditworthy people of color'

The plan to move to a bi-merge process allowing lenders to use 2, instead of 3, credit reports was announced last October by FHFA, Fannie Mae and Freddie Mac's federal regulator

Most borrowers who have granted their mortgage lenders permission to verify their income and employment won't have to confirm the request a second time with payroll provider

Founded in 2020 by Blend veterans Mike Yu and Devon Yang in San Francisco, loan origination system has rolled out a series of product upgrades since $30M Series A

Despite lobbying by mortgage trade groups, 2 previous bills failed to attract cosponsors and died in the House Committee on Financial Services without a second reading

Mortgage lenders can instantly pull income and employment information tailored to meet specific needs within the loan origination process

Credit bureaus have 'little incentive to treat consumers fairly when their credit reports have errors,' according to Consumer Financial Protection Bureau, which analyzed 700K complaints

The payments are a response to the largest-ever data hack of its kind, which was discovered in 2017 and impacted nearly 150M consumers

Lead Accelerator will use Equifax's proprietary data to help agents prioritize the leads most likely to result in sales