AutomatIQ

AutomatIQ

Cotality
+
+

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About

It’s time to remove the bottlenecks and human error associated with essential mortgage origination processes like employment and income verification. Eliminate disruptions and contract lengthy processes with our AutomatIQ borrower Verification of Employment and Income (VOE/I) solution that reimagines the rigid administration requirements of loan verification and conveniently allows for frictionless integration with existing mortgage origination software. Gone are the days of relying on borrowers to submit pay stubs or individually contacting employers for verification. Instead, seamless integrations with credit bureaus and other trusted data sources provide lenders with quick access to reliable data. And to fill in the final pieces, borrowers can connect you directly to their assets.

About

Industry leading coverage and conversion with support for 90% of the US workforce. Drive direct deposit growth and acquire new customers for your institution. Instant access to employment data to accelerate turnaround times. Verify employment history in seconds while reducing costs by up to 80%. Truv enables you with access to accurate and real time employment history data to reduce costs and increase efficiency. Transparent and consistent pricing that empowers our customers to save up to 80% on their verification costs. Empower your customers with faster turnaround times by reducing the amount of manual verifications. Lead the industry by providing a differentiated verification offering that attracts new employers. Provide employment history verifications with confidence knowing that Truv’s data is real-time directly from the source.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Lenders looking for a platform to automatically modernize mortgage lending

Audience

Businesses wanting a platform for their customers wanting to verify income and employment

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

No information available.
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

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Reviews/Ratings

Overall 1.0 / 5
ease 1.0 / 5
features 1.3 / 5
design 1.7 / 5
support 1.0 / 5

Pros & Cons from Real Users

Pros

  • Quick and far cheaper than TWN. Interface is easy to use if you can actually get the results you have requested.
  • They verify income. I'm buying a house. Loan 1. Income verified by TRUV. Huntington bank account and Charles Schwab account verification went through without issue. House inspected and found a $20k foundation issue. Had to pass. Loan 2. Pulled info from loan 1. Go to close. Seller took out a second mortgage, was financially incompetent and didn't what they did and closing fell through. Loan 3. Up against the rocks. We are military. Have orders in like 3 weeks. We need stuff working. The loan people say to verify again. Now the TRUV API in starts kicking back errors for Huntington and Charles Schwab. Won't connect. Can't get tech support... Speediness to close is now gone. Jesus... Please. Just work
  • Truly one of the worst customer experiences I have had buying and using software in my life. I can honestly say that there weren't any pros to my experience with Truv ...it was a total waste of my time.

Cons

  • Ordered employment and an income verification for a state employee with 29 years of experience in the same job. Got 15 months of income back on what is a useless report. ZERO response from customer service. $39 down the drain.
  • It worked once and now it doesn't work which is frustrating and tech support doesn't answer the phone.
  • The first problem is actually the people, not the product. Buyer beware: the leadership at this company completely lacks integrity and professionalism. The sales team massively over-promises on the product's feature set and value prop. When things don't work, Truv will play the blame game and shirk responsibility. Which brings me to the second problem..the product. Several end-users have found the Truv experience to be "wildly intrusive" and untrustworthy (which seems to be a common sentiment, just search "Truv" "intrusive" on Google to see similar threads on Reddit & forums) Truv promises "instant verifications" by integrating directly with payroll providers. What actually happens is that many (if not most) prospects get frustrated or concerned about their data privacy & security while using Truv. Ultimately, this end up creating more manual work for us when people request manual verification or a letter from HR instead of using Truv.

Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Cotality
Founded: 2010
United States
www.cotality.com/products/verification-of-employment-and-income

Company Information

Truv
Founded: 2020
United States
truv.com

Alternatives

Alternatives

The Work Number

The Work Number

TotalVerify
AutomatIQ

AutomatIQ

Cotality

Categories

Categories

Integrations

No info available.

Integrations

No info available.
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