Truv Is Now an Authorized Asset Report Supplier for Fannie Mae's Desktop Underwriter (DU) Validation Service

Truv's consumer-permissioned asset verification solution helps lenders save time and money on each loan

NEW YORK, June 16, 2025 /PRNewswire/ -- Truv, a leading provider of consumer-permissioned income, employment and asset verifications for mortgage lenders, banks, and credit unions, announced it is now an authorized asset verification report supplier for mortgage lenders using Fannie Mae's Desktop Underwriter^® (DU^®) validation service. When asset data is validated through the DU validation service using data from Truv, Fannie Mae will provide Day 1 Certainty^®. This comes nearly one year after Truv's announcement about income and employment verification reports in April 2024.

A Major Leap Forward for Efficiency

Verifying a borrower's assets is a critical part of the loan approval process—but traditionally, it's also been one of the most challenging steps for lenders. By digitally validating secure third-party income, employment, and asset data through DU, lenders can help eliminate the paper chase and help get borrowers approved quickly.

Truv's all-in-one direct-to-source verification platform is currently used by more than 120 mortgage lenders. With coverage of over 13,000 financial institutions and 75%+ of connections using secure OAuth technology, Truv's asset verification solution reduces verification costs and increases operational efficiency by reducing manual, error-prone methods of verifying borrower data.

"By bringing our comprehensive asset verification capabilities to Desktop Underwriter^® (DU^®), we're completing the trifecta of income, employment, and asset verification that lenders need. This isn't just about adding another data source—it's about fundamentally transforming how lenders approach the verification process," said Kirill Klokov, CEO & Co-Founder of Truv. "Our all-in-one platform eliminates the traditional paper chase while providing lenders with the confidence that comes from Day 1 Certainty."

All-In-One Verification Solution

Lenders may receive Day 1 Certainty on validated loan components when using income, employment and asset data from Truv. With Fannie Mae's DU validation service, lenders can submit a single asset report to DU, with at least 12 months of data, for validation of income, employment, and assets.

Benefits for Lenders

1. Increase loan quality and reduce repurchase risk: Achieve Day 1 Certainty through representation and warranties when income, employment, and/or asset information is validated with Truv data
2. Streamline large deposit verification: Reduce documentation requirements
3. Save 60-80% on verification costs: Reduce dependence on costly providers
4. Enhance the borrower experience: Minimize the paperchase and accelerate processing time for faster approvals
5. Improve operational efficiency: Streamline approvals with direct-to-source data

"With Desktop Underwriter^® (DU^®), lenders can now get even more benefits from using a single 12-month asset report," said Peter Skarnulis, Fannie Mae Vice President, Business Account Management Solutions. "We continue to look for ways to help lenders streamline their validation processes and improve the borrower experience, and this latest enhancement helps them do just that."

Getting Started with Truv's Asset Verifications

Built to enhance existing workflows, Truv's asset verification solution is currently available out-of-the-box with Truv Dashboard or via Truv's integrations with the nCino point-of-sale platform and Encompass^® by ICE loan origination system.

By automatically extracting asset data directly from a borrower's financial account(s), the Truv platform is proven to reduce both origination expenses and risk for lenders, all in a single step.

Contact the Truv team today to discover how our complete verification solution can transform your mortgage process.

About Truv

Truv is a leading provider of borrower verification technology for the mortgage industry. The company's enterprise open finance platform takes borrower-submitted information and enables lenders to verify the borrower's income, assets, and employment through a single, streamlined process. Truv currently serves over 120 mortgage lenders and is integrated with multiple leading providers of point-of-sale and loan origination technology. Visit https://truv.com for more information.

MEDIA CONTACT:

Kaytren Bruner

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SOURCE TRUV