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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 52 S P E C I A L S E C T I O N BEST IN TECH BEST IN TECH R E C O G N I Z I N G T H E B E S T I N M O R T G A G E T E C H T ruework is the only all-in-one, automated VOIE platform that fully replaces costly in-house verifica- tion waterfalls by orchestrating all major verification methods within our single platform. We focus on delivering a comprehensive, vetted, and accurate verification report for every request, so customers can stop wasting time and money doing it themselves. The in-house waterfall for the VOIE is inherently broken. The use of subpar data vendors and platforms has led to an acceptance of incomplete and inaccurate data and a reliance on complex in-house systems that result in predominantly manual efforts to complete verifications. The chase for more data has led to a Frankenstein approach of stitching together solutions in hopes of simplifying verifications. This costs mortgage providers way too much time and money, when they could use Truework as the single platform to fulfill their verification needs. Truework delivers a leading 75% completion rate, helping leading mortgage companies achieve up to 50% cost savings on their verifi- cations process. One top home mortgage lender in the U.S. reduced their total cost of ownership by 20% and saved over 14,000 hours for their loan fulfillment teams by working with Truework to automate verifications for their consumer direct loans. V alligent, a Veros Software company, is transforming real estate finance by blending advanced technology with industry expertise. Offering solutions like automated valuation models, virtual valuations, and tra- ditional appraisals, Valligent meets the evolving needs of the market. In 2024, Valligent launched the 1004D Virtual Completion Certificate, speeding up verifica- tion of appraisal report conditions for construction or repairs. This solution became essential for post-disaster inspections during hurricane season. Using mobile video streaming, Valligent's virtual inspection team guides property contacts through the process, com- pleting 1004D orders in hours. Valligent also introduced the Virtual Property Valuation Suite, the first of its kind, which includes ValINSPECT Virtual (inspection), Val- PRAZE (limited-scope appraisal), Virtual eVAL (evaluation), Virtual ValBPO (broker price opinion), and 1004D Virtual. These solutions improve speed, accuracy, and loan decision-making, especially for rural properties. Thousands of 1004D Virtual orders were completed in 2024 with an average turnaround of 1.4 days. Virtual inspections cost less than half of the onsite alternatives and accelerate loan closings. A top wholesale lender adopted 1004D Virtual for post-disaster inspections, ensuring operational continuity. Among surveyed property contacts, 95% had a positive experience with virtual inspections, and 71% believe virtual appraisals should become the industry standard. TRUEWORK VALLIGENT What Sets Truework Apart: • The only full-suite verifica- tion solution that aggre- gates and orchestrates every major method in one place, while leveraging machine learning and au- tomation to parse, simplify, and standardize the data so it is immediately usable by lenders. • Unlike other verification solutions, Truework does not believe in hit rate or coverage rate, because those metrics allow ven- dors to claim high "success" rates yet still deliver incomplete and inaccu- rate reports that require additional manual work to correct. Truework believes in completion rate, which we define as a comprehen- sive, vetted, and accurate verification report that lenders can actually use and doesn't require addi- tional efforts to get right. truework.com valligent.com What Sets Valligent Apart: • Nationwide Coverage: Serving all 50 states and U.S. territories, supported by over 10,000 licensed appraisers and 5,700 real estate professionals. • Innovative Technology: Blending cutting-edge technology with real estate expertise for fast, accurate valuations. • Tailored Solutions: Cus- tomizing services for banks, credit unions, lenders, and more. • Proven Experience: 20+ years of reliable, high-qual- ity results.