Truv is thrilled to announce its new collaboration with Freddie Mac to simplify mortgage lending processes through its automated asset verification solution. Collaboration centers on Loan Product Advisor® (LPA®) asset and income modeler (AIM), which automates the assessment of borrower assets, income, and employment for lenders.

Truv's new integration with AIM enables lenders to use its Verification of Assets solution to transmit required borrower data to LPA for an automated asset assessment.

"Our expanded integration with Freddie Mac demonstrates the power of Truv's all-in-one verification platform," said Kirill Klokov, CEO of Truv. "Lenders can now verify income, employment, and assets through a single platform, eliminating the complexity and cost of managing multiple verification providers while streamlining the experience for borrowers."

Truv is transforming the lending industry with the market's leading verification of assets solution. Trusted by more than 150 mortgage lenders, Truv's full suite of verifications is replacing what has traditionally been one of the industry's most time-consuming and costly processes with automation. Truv's asset verification solution connects to more than 13,000 financial institutions. With 75% of connections utilizing secure OAuth technology, borrowers securely connect their bank accounts and provide lenders with immediate access to verified financial data.

"We're truly excited about our collaboration with Truv and this opportunity to expand access to LPA's capabilities," shared Daniel Miller, Freddie Mac Single-Family Senior Director of Strategic Technology Partnerships. "Truv's approach to solving industry challenges aligns with Freddie Mac's efforts to help lenders drive down the cost to originate, reduce the documentation burden and make homeownership more achievable."