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US-based Blend partners with Truework to embed I&E verification across consumer banking
OpenBankingExpo | News
27 Feb 2025
US-based origination platform for digital banking solutions Blend Labs will introduce verification of income and employment (VOIE) directly into its suite of consumer banking and home lending products, as a result of a new partnership with Truework.
The collaboration means that lenders will have access to a fully-integrated verification solution to enable faster borrower approvals across mortgages, deposits and consumer loans, and broader income and employment coverage.
According to Blend and Truework, it remains the case that “fragmented systems” and “disconnected workflows” slow down processes and create friction for both lenders and borrowers.
Blend’s platform draws on automation, data connectivity, and its technology partners to simplify consumer banking and home lending origination for hundreds of US financial institutions.
Truework is a verification of income and employment platform with the ability to consolidate all major verification methods into one centralised VOIE platform, which in turn means that organisations do not need to distribute their verification efforts across multiple vendors, reducing the likelihood of duplicative efforts, increased costs, and incomplete verifications.
Truework’s verification service will be embedded directly within Blend’s borrower and loan officer “experience”, with income and employment data automatically pulled from multiple data sources and populated back to the application based on a few borrower inputs.
Blend confirmed that its customers will retain the ability to submit income and employment reports to Freddie Mac’s ‘Loan Product Advisor’ and Fannie Mae’s ‘Desktop Underwriter’ 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, co-founder and chief executive officer of Truework.
“We look forward to providing Blend customers with an intelligent verification experience that prioritizes speed, coverage, and transparency.”
Nima Ghamsari, co-founder and head of Blend, added: “Building a best-in-class lending experience means bringing together the right technology partners to streamline every step of the process.
“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.”
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