Truv Offering Freddie Mac Loan Product Advisor as AIM Provider
Employment and income verification provider Truv now supports Freddie Mac’s Loan Product Advisor asset and income modeler.
The new integration allows lenders to use Truv’s platform to obtain and transmit the information required by Freddie Mac’s LPA for the AIM assessment, cutting out the need for third-party borrower verification.
LPA is Freddie Mac’s automated underwriting system, while AIM is a capability within LPA that automates the assessment of borrower assets, income, and employment.
As an AIM service provider, Truv’s open finance platform instantly verifies more than 100 unique borrower income and employment data points in real-time.
“We are proud to collaborate with Freddie Mac to help lenders streamline their origination processes. More than ever, lenders need robust, safe technology to…