Home Lending Implementation Guide | Mortgage & HELOC
Complete guide to implementing Truv's income and employment verification for mortgage lenders and HELOC providers. Use embedded orders to connect multiple employments for 24-month verification history.
Home Lending Implementation Guide
Truv provides comprehensive income and employment verification solutions specifically designed for mortgage lenders and Home Equity Line of Credit (HELOC) providers. This guide covers implementing Truv's verification platform to meet the stringent requirements of home lending, including the ability to connect multiple employments for complete 24-month verification history.
Overview
Home lending requires thorough income and employment verification to assess borrower creditworthiness for mortgages and HELOCs. Truv's platform enables lenders to:
- Verify comprehensive employment history covering the required 24-month period
- Connect multiple employment sources through embedded orders for complete income picture
- Obtain GSE-approved reports for Fannie Mae and Freddie Mac compliance
- Streamline mortgage workflows with automated document collection
- Support HELOC applications with real-time verification capabilities
Why Use Embedded Orders for Home Lending
For mortgage and HELOC applications, borrowers often have multiple employment sources within the required 24-month verification period. Embedded orders allow you to:
Multiple Employment Connections
- Connect current and previous employers in a single workflow
- Capture income from multiple sources (full-time, part-time, contract work)
- Ensure complete 24-month employment history coverage
- Handle employment transitions seamlessly
Comprehensive Verification
- Obtain consolidated reports across all employment sources
- Generate user-level reports approved by GSEs
- Access detailed pay statements, W-2s, and employment records
- Support complex income scenarios common in mortgage lending
Mortgage-Specific Benefits
- GSE Compliance: Reports include specific identifiers accepted by Fannie Mae and Freddie Mac
- 24-Month Coverage: Ensure complete employment history for underwriting requirements
- Automated Documentation: Reduce manual document collection and verification time
- Risk Mitigation: Comprehensive verification reduces loan default risk
Implementation Paths
Choose the implementation path that best fits your existing home lending infrastructure:
1. Pre-Built Point-of-Sale Integration
Perfect for lenders using established POS systems:
- Quick Implementation: Go live in days with minimal setup
- No Custom Development: Leverage existing integrations
- White Label Options: Customize workflow with your branding
- Proven Solutions: Battle-tested with major mortgage POS platforms
Learn about pre-built POS systems →
2. Pre-Built Loan Origination System Integration
Ideal for lenders with integrated LOS workflows:
- Seamless LOS Integration: Direct integration with your loan origination system
- Automated Document Routing: Reports and documents automatically populate loan files
- Underwriting Automation: Trigger verifications based on loan conditions
- Multi-Channel Support: Retail, wholesale, and correspondent lending support
3. Custom Implementation with Embedded Orders
For lenders requiring tailored solutions:
- Maximum Flexibility: Complete control over user experience and workflow
- API-First Approach: Integrate directly with your existing systems
- Custom Business Logic: Implement specific underwriting rules and conditions
- Scalable Architecture: Support high-volume mortgage operations
Get started with embedded orders →
Key Features for Home Lending
Multi-Employment Support
Embedded orders excel at connecting borrowers with multiple employment sources:
- Current full-time employment
- Previous employers within 24 months
- Part-time or seasonal work
- Freelance and contract income
- Self-employment documentation
Mortgage-Compliant Reporting
All reports include mortgage industry requirements:
- GSE-approved report identifiers
- AIM (Asset and Income Modeler) compatible data
- Comprehensive income calculations
- Supporting documentation (pay stubs, W-2s, 1099s)
HELOC-Specific Capabilities
Optimized features for Home Equity Line of Credit applications:
- Current income verification for qualification
- Employment stability assessment
- Real-time verification for faster approvals
Getting Started
Step 1: Choose Your Integration Path
Evaluate your current technology stack and business requirements:
- Using a supported POS? → Pre-built POS Integration
- Have an integrated LOS? → Pre-built LOS Integration
- Need custom solution? → Embedded Orders Implementation
Step 2: Configure for Home Lending
Regardless of your chosen path, configure your Truv implementation for mortgage and HELOC requirements:
- Enable multi-employment connections
- Configure 24-month verification periods
- Set up GSE-compliant reporting
- Establish document routing workflows
Step 3: Test and Launch
Validate your implementation with mortgage-specific test scenarios:
- Multiple employment connections
- Various income types and frequencies
- GSE report generation
- Document accuracy and completeness
Updated about 8 hours ago
Learn about embedded orders for comprehensive verification