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Case Study: CMG Home Loans cuts verification costs by over $800K/month with Truv
A Truv Case Study
CMG Home Loans cuts verification costs by over $800K/month with Truv
CMG Home Loans, a top 10 U.S. mortgage lender, faced a costly and inflexible verification of income and employment (VOIE) process. Their previous provider resulted in high monthly costs of $1.1 million and lacked the integration capabilities needed for their strategic goals. They partnered with Truv to find a more cost-efficient and modern VOIE solution.
Truv implemented its API-driven VOIE platform, embedding it directly into CMG's borrower and loan officer portals. This solution provided direct-source payroll connections for enhanced data accuracy. The results for CMG were immediate, including over $800,000 in monthly cost savings, a 70% login conversion rate, and significant uplifts in validation rates for buyback protection.
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