Overview
Access and verify income and employment information with Floify's Truv integration of Verification of Income and Employment (VOI/E), which allows users to access all borrowers' employment and income information from authenticated accounts.
This integration helps you verify anyone's employment and income in seconds, improving the decision-making process. The integration gathers data from a trusted source providing the employment and income history that allows our users to have the ability to give users an exceptional experience, allowing borrowers to instantly complete verification instead of waiting for a few days.
How to Setup
Company Dashboard
Navigate to Company Settings:
Select the Integrations tab:
Navigate to the Truv Integration and select the option to Edit Truv Integration:
Check the box to Enable Verification of Employment and Income (VOE/I) through Truv:
Enter the Client ID and Production Key provided by Truv:
Team Dashboard
On the Team Dashboard, navigate into the Team Settings:
Navigate to Apply Now > Edit Apply Now General Settings:
Check the box to Enable verification of employment and income (VOE/I):
Select Truv from the drop down and press Save:
Using Truv
Borrower Workflow
Your borrowers will enter their employment and income information and then use the Verify Income section of the application to connect their accounts and/or upload documents. All information that is connected, including manually upload documents and any tax documents imported from their payroll system will flow into the loan flow for usage. Watch the below video for a basic overview of the borrower workflow.
FAQ
- Any Tax Documents found in the payroll system (such as pay-stubs, W-2s, 1099s) will automatically flow into the Docs Pending Review section when the loan is converted to a live loan flow
- Truv is available in both the borrower and co-borrower section
- Truv is currently available directly in the loan application during the Prospect stage only
- To enable Truv in Floify, you need to have 2 templates created in your Truv's account. Truv will assist with this. Those documents are named:
- floify_template_employers_without_benefit
- floify_template_with_payroll_only
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