Jacksonville, FL: Today, LAUNCHER.SOLUTIONS (“Launcher”), a technology provider specializing in loan originations, announced their integration of Launcher’s appTRAKER Loan Origination System (“LOS”) with Truework, which provides immediate access to income and employment data for over 35 million employees.
Jacksonville, FL: Today, LAUNCHER.SOLUTIONS (“Launcher”), a technology provider specializing in loan originations, announced their integration of Launcher’s appTRAKER Loan Origination System (“LOS”) with Truework, which provides immediate access to income and employment data for over 35 million employees.
With appTRAKER LOS, the Launcher team created a more efficient way for lenders to consume data. Ultimately the quality of data used during the loan origination process helps those lenders to build more profitable portfolios. The integration with Truework helps accelerate borrowers through the conversion funnel, giving fast and accurate income and employment results, effectively speeding up the underwriting process.
For lenders, increasing competition paired with market uncertainty has driven demand for more robust and accurate data sets to build more resilient underwriting models, especially in this time of market slowdown. More lenders are seeing the value that Truework brings in reducing costs, automating the process, and converting more borrowers. When used within appTRAKER LOS, lenders can automatically access employment and income information, helping to reduce time and errors that incur risk in a manual process. Structured workflows and automated processes can be built around this data, ensuring lenders can consistently meet their requirements.
“Adding Truework to our list of integration partners has been invaluable for our clients who are looking for a good source of income and employment verifications,” said Nikh Nath, President of LAUNCHER.SOLUTIONS. “We take pride in our team’s and system’s ability to be agile enough to integrate with almost any vendor for data consumption. Our lenders utilize the automated processes offered by this integration during originations to take advantage of the quality and flexibility provided to book loans quickly and efficiently.”
“We’re excited to be partnering with Launcher to bring innovation to income and employment verification in the auto lending space,” said Ryan Sandler, CEO of Truework. “Lenders are increasingly looking for more cost-effective and technology-driven solutions and we’re looking forward to working with Launcher to educate their customers on the many advantages of Truework’s VOIE product.”
Truework is on track to power more than 12 million income and employment verifications in 2022, servicing more than 20,000 small businesses and 100 enterprises. Truework provides accurate information that lenders utilizing appTRAKER LOS need to help build a more efficient, secure, and stable credit system.
About LAUNCHER.SOLUTIONS
LAUNCHER.SOLUTIONS is a technology products and services company built on the foundation of care, understanding, innovation, and speed. It specializes in loan origination for subprime/nearprime automotive lending institutions, regional banks, and credit unions. Its product offerings include appTRAKER LOS for indirect automotive lending as well as consumer direct lending and leasing, myDEALER.CARE dealer relationship management system, and myACCOUNT.CARE customer self-service and communication solution. LAUNCHER.SOLUTIONS has service offerings aimed at helping its clients with projects related to data analytics, data integration, telephony, and custom web development. Learn more at http://www.launcher.solutions or call 877.5LNCHER. Follow LAUNCHER.SOLUTIONS on LinkedIn at https://www.linkedin.com/company/launcher.solutions.
About Truework
Truework is redesigning the credit system with consumers at the core. On a mission to empower individuals to own and control their personal data, Truework provides an API-enabled platform for income and employment verification that is more efficient, accurate and secure. Using Truework as a Consumer Reporting Agency operating in compliance with FCRA, banks, lenders and background check providers can verify any U.S. employee. Through partnerships with payroll providers such as Gusto, Zenefits, and BambooHR, Truework has the second-largest instant verification network with over 35 million employees. To learn more, visit www.truework.com.
Read it on PRWeb.
Previously in the news:
Creative Business Decisions Partners with LAUNCHER.SOLUTIONS to Provide Scorecards and Credit Risk Management Solutions to Lenders (PRWeb Release)
LAUNCHER.SOLUTIONS Expands Integration with The Work Number by Equifax (PRWeb Release)
LAUNCHER.SOLUTIONS Introduces appTRAKER CONNECT: A Fully-Integrated Communication Solution Built Into appTRAKER Loan Origination System(PRWeb Release)