COLUMBUS, Ohio–Navatros, a unit of the Ohio Credit Union League, said it has entered into a partnership with Verify4 as part of an initiative to make housing more affordable by improving income verification processes and cut costs as housing prices continue to rise.
Through the partnership, Navatros said it and Verify4 aim to reduce red tape and overhead costs for organizations such as metropolitan housing authorities and credit unions, “which will allow more funds to be invested in affordable housing programs and help more people achieve homeownership.”
“Credit unions are committed to the financial empowerment and well-being of every community. Our partnership with Verify4 will offer credit unions the opportunity to streamline key processes that often get in the way of families and individuals accessing the housing they need at a price they can afford,” Kyle Alford of Navatros said in a statement. “We look forward to working with Verify4 and credit unions to help make sure more people can secure the housing they need to achieve their financial dreams.”
Income & Employment Verification
According to the organizations, Verify4 offers income and employment verification services to speed up the verification process, reduce fraud, and cut down on administrative costs.
“Taken together, these services will help organizations like credit unions increase efficiency and confidence in lending decisions and enable housing providers to cut costs, allowing them to direct funding to programs that reduce housing costs and increase affordability,: the organization said.
Added Dr. Michael Turner, CEO and co-founder of Verify4, in a statement, “We are thrilled to partner with Navatros and the Ohio Credit Union League to deliver real-time verifications to credit union members and residents across Ohio. This collaboration highlights the power of community-focused organizations working together to drive meaningful economic growth and strengthen communities statewide.”
