Case Study: Bravera Bank cuts time to underwriting 67% with Truework

Bravera Bank cuts time to underwriting by 67% with Truework

Bravera Bank, a financial institution serving North Dakota, Montana, and Minnesota, faced a fragmented and inefficient income and employment verification process. Their loan teams were slowed down by using multiple vendors for different verification types, which required logging into various systems and involved significant manual effort. This tedious process delayed their loan closing timelines, leading them to seek a consolidated solution from vendor Truework.

The bank implemented Truework's automated income verification platform to replace all its previous providers. This single solution streamlined their workflow by orchestrating instant, borrower-authorized, and manual verifications in one place. As a result, Bravera Bank cut its time to submit to underwriting by 67%, with 75% of reports completed within one business day. Truework simplified over five separate processes into a single end-to-end system, significantly increasing efficiency.

Bravera Bank