Tagged: income verification

December 3, 2024 @ 1:05 pm By Omar Faridi  |  

Nationwide, which claims to be the UK’s largest building society is the first major lender to reportedly use Experian Work Report in order to verify applicants’ income, removing the need for manual income proofs. Mortgage applications are set to become “speedier” after Nationwide joined forces… Read More

September 16, 2024 @ 2:15 pm By Omar Faridi  |  

TransUnion (NYSE: TRU) announced that it is strengthening its partnership with leading income and employment verification provider, Truework. The new arrangement enables a single-click solution, via TransUnion third-party platform integration, for a deeper resident screening workflow “that adds a powerful income and employment verification waterfall.”… Read More

September 27, 2023 @ 1:07 am By Omar Faridi  |  

Ocrolus, a firm focused on AI-driven financial document automation, announced the launch of an enhanced dashboard for mortgage lenders featuring the ability to automate income calculations for both traditional and self-employed borrowers. The solution combines three trusted Ocrolus capabilities – Classify, Capture and Analyze –… Read More

June 19, 2023 @ 10:51 pm By Omar Faridi  |  

Truework says sit has reached a significant milestone in their journey as they “work towards creating trust in every financial transaction.” Truework has entered into a strategic partnership with TransUnion, one of the largest information and insights companies in the world. In addition, TransUnion has… Read More

August 11, 2022 @ 3:36 pm By Omar Faridi  |  

Truework, a Fintech company that provides income and employment verification for the nation’s largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, recently announced that it raised $50 million in Series C funding. Leading the Series C investment… Read More

January 25, 2022 @ 8:10 am By Omar Faridi  |  

European open banking platform Tink has confirmed the introduction of ‘Income Check’ in the United Kingdom – which is a service that improves the income verification process by leveraging Open Banking tech. Tink’s Income Check product enables banking institutions and lending platforms to quickly verify… Read More

October 31, 2021 @ 8:54 pm By Omar Faridi  |  

Digital lending software provider Blend (NYSE:BLND) notes that the way people work — and earn money — is quite different than it was in the past. However, income verification solutions haven’t been able to catch up with the latest developments, the Fintech firm claims. As… Read More

March 5, 2021 @ 9:30 am By JD Alois  |  

Plaid, a top open banking Fintech, has revealed a new service labeled “Income.” The service enables immediate income verification for firms using the application thus reducing the time to completion in situations that require the ability to confirm how much income an individual makes. Examples… Read More