Truv announced a strategic integration with Tidalwave, embedding its verification capabilities into Tidalwave's mortgage application process. This integration streamlines the verification procedure, reducing preapproval times and improving conversion rates. Lenders benefit from increased automation, as it minimizes document collection, accelerates lending decisions, and reduces application abandonment. Additionally, lenders experience significant cost savings, potentially between 60% to 80% on verification costs. The integration offers lenders instant access to verification data, enhancing the borrower experience and ensuring compliance and accuracy within the mortgage application process.
By embedding Truv's VOIE & VOA into the mortgage application flow, Tidalwave enhances the verification process, reducing preapproval times significantly and improving conversion rates.
The integration minimizes document collection and paperwork friction, accelerating lending decisions and improving the overall borrower experience during the mortgage application process.
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