Blend and Truework Partner to Expand Income and Employment Verification Solutions Across Home Lending and Consumer Banking
February 26 2025 - 4:00PM
Business Wire
Delivering speed and scale to transform
banking
Blend Labs, Inc., a leading origination platform for digital
banking solutions, and Truework, a leading verification of income
and employment platform, today announced their partnership to bring
intelligent verification of income and employment directly into
Blend’s suite of consumer banking and home lending products.
Through this collaboration, lenders gain a comprehensive, fully
integrated verification solution that enables faster borrower
approvals and significantly broader income and employment
coverage.
This partnership comes at a crucial time for lenders looking to
navigate market uncertainty with smarter, more efficient
origination solutions that reduce costs and streamline operations.
The challenge remains that fragmented systems and disconnected
workflows slow down processes and create friction for both lenders
and borrowers. Blend and Truework’s integrated solution streamlines
the lending experience while providing broad coverage across
borrower and income types—accelerating approvals and improving
efficiency across mortgages, deposits, and consumer loans.
Designed to enhance lender efficiency and elevate the borrower
experience, Blend’s platform leverages automation, data
connectivity, and best-in-class technology partners to simplify
consumer banking and home lending origination for hundreds of
financial institutions. By directly integrating with partners like
Truework, Blend is able to empower lenders to grow, adapt, and
optimize their operations without additional complexity, making it
easier to scale while maintaining efficiency and a great borrower
experience.
Truework is recognized for its ability to consolidate all major
verification methods into one centralized VOIE platform.
Organizations no longer need to distribute their verification
efforts across multiple vendors, which historically leads to
duplicative efforts, increased costs, and incomplete verifications.
Truework optimizes every verification method to provide accurate
and usable reports, with an industry-leading 75% completion
rate.
With this partnership, Truework’s verification service is
embedded directly within Blend’s borrower and loan officer
experience. Based on a few borrower inputs, income and employment
data is automatically pulled from multiple data sources and
populated back to the application. Fully vetted and complete income
reports are provided, removing extraneous or duplicative efforts
that historically weigh down internal teams. Additionally, Blend
customers maintain the ability to submit income and employment
reports to Freddie Mac's Loan Product Advisor® (LPA®) and Fannie
Mae's Desktop Underwriter (DU) to assess eligibility for
representation and warranty relief.
"We share a vision with Blend in wanting to make the mortgage
journey as smooth as possible for both lenders and applicants. I
believe this partnership makes that possible,” said Ryan Sandler,
CEO and co-founder of Truework. “We look forward to providing Blend
customers with an intelligent verification experience that
prioritizes speed, coverage, and transparency."
“Building a best-in-class lending experience means bringing
together the right technology partners to streamline every step of
the process,” said Nima Ghamsari, co-founder and head of Blend.
“Partnering with Truework strengthens this commitment by delivering
more seamless and comprehensive verifications, helping lenders
drive efficiency and provide faster, more reliable approvals for
their customers.”
About Truework
Truework is the leading platform that solves income and
employment verification pain points for mortgage lenders. Powered
by automation and machine learning, Truework removes the
complexities of managing multiple verification vendors in-house by
replacing traditional and manual efforts and delivering
comprehensive, vetted, and accurate verification reports. With
Truework’s industry-leading 75% completion rate, mortgage providers
achieve cost savings of up to 50%. To learn more, visit
truework.com.
About Blend
Blend Labs Inc., (NYSE: BLND) is a leading origination platform
for digital banking solutions. Financial providers—from large
banks, fintechs, and credit unions to community and independent
mortgage banks—use Blend’s platform to transform banking
experiences for their customers. Better banking starts on Blend. To
learn more, visit blend.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20250226753054/en/
Press Contact Chloé Demeunynck Corporate Communications
press@blend.com
Aimee Grove for Truework aimee@smittencomm.com 415.706.1906
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