Case Study: Orion Lending saves $300,000 annually with Truv

Orion Lending utilizes Truv to automate the mortgage application process and save money per application

Orion Lending, a nationwide wholesale mortgage banker, was looking for a better way to support its mortgage brokers and reduce the cost of verifying income and employment. The company said this manual process was time-consuming and expensive, costing around $100 per applicant, and it wanted a more efficient solution from Truv.

By implementing Truv’s income and employment verification solution, Orion Lending cut the verification process by several days and helped brokers focus more on serving borrowers. Truv also helped Orion Lending achieve a 32% end-to-end conversion rate increase, save about $100 per application, and generate more than $300,000 in annual savings, while reducing loan manufacturing and approval time by several days.

Orion Lending

Richard Plummer

EVP of Operations