Case Study: HMA Mortgage saves $477,000 annually on verifications with Truv

HMA Mortgage saves $477,000 annually with Truv

HMA Mortgage, a division of Affordable Mortgage Advisors, LLC, faced rising costs and operational inefficiencies in verifying borrower income, employment, and assets. Their challenge included increasing fees from legacy providers, slow manual document collection, and inconsistent workflows across their nCino and Encompass systems. They partnered with Truv to implement its all-in-one verification platform to modernize this process.

Truv provided a single platform for income, employment, and asset verification, integrating seamlessly into HMA's existing systems. The solution delivered dramatic results, including $477,000 in annual cost savings. HMA also saw conversion rates of 87% for asset verifications and 57% for income and employment verifications, significantly accelerating loan processing.

HMA Mortgage