Halcyon
Halcyon Solutions is a US-based B2B SaaS company that provides AI-assisted income verification, IRS-direct tax transcript retrieval, identity verification, and digital signature tools to mortgage lenders, banks, credit unions, and credit card issuers, with direct integrations into Fannie Mae's Income Calculator and Freddie Mac's AIM platforms.
- Company typePrivate
- Founded-
- Headquarters—
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Halcyon does
Halcyon Solutions is a US-based, founder-led private B2B SaaS company that provides income verification, tax data retrieval, and identity verification infrastructure primarily to US mortgage lenders, banks, credit unions, and credit card issuers. The company was founded by Kirk Donaldson with origins in tax preparation, and has repositioned around a structural problem in mortgage underwriting: industry data indicates roughly six in ten post-close income validations fail under traditional processes. Halcyon addresses this by maintaining a direct integration with the IRS for tax transcript retrieval, reporting a less than 1% failure rate compared to OCR-based approaches, and packaging that data capability inside a broader True Solutions Suite.
The product portfolio spans the full income verification workflow. TrueTax delivers IRS-direct tax transcripts; TrueReport supports lead discovery and enhancement; TrueMark provides electronic signature and identity verification; TrueYou handles data confirmation and certification; TrueCalc calculates self-employed income; and SigSign provides digital signature capabilities. Kingfisher RIA, a sub-brand, supports registered investment advisor program administration. At the platform layer, Halcyon is integrated directly into the two dominant US mortgage technology ecosystems, Fannie Mae's Income Calculator and Freddie Mac's Asset and Income Modeler (AIM), with a March 2026 expansion enabling dual-source tax data combining borrower-supplied returns with IRS transcripts.
Halcyon operates a quote-based enterprise sales motion targeting financial institutions, complemented by API-based distribution through GSE infrastructure partners. Named customers include Rocket Mortgage, First Option, PRMG, and UFCU, with the partner channel reportedly touching over 50 lenders, banks, and credit unions. Pricing is not publicly disclosed; the revenue model combines recurring SaaS subscriptions with per-transaction usage fees, as suggested by a 'Transactions Ordered' metric displayed on the company homepage. The company remains privately held with no disclosed institutional funding rounds and an 11-50 employee headcount.
Halcyon firmographics
Firmographics- Name
- Halcyon
- Legal name
- Halcyon Solutions
- Website
- https://halcyonsw.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Halcyon Solutions is a US-based B2B SaaS company that provides AI-assisted income verification, IRS-direct tax transcript retrieval, identity verification, and digital signature tools to mortgage lenders, banks, credit unions, and credit card issuers, with direct integrations into Fannie Mae's Income Calculator and Freddie Mac's AIM platforms.
- Ownership category
- akta.pro rank
Halcyon industry classification
Industry- Product category
- Mortgage Lending Technology
- NAICS
- Credit Bureaus (561450)
- SIC
- Services-Consumer Credit Reporting, Collection Agencies (7320)
- akta.pro primary industry
- Income & Employment Verification (VOI/VOE, payroll-linked data) (FSAGACAE)
- akta.pro secondary industries
- Underwriting Automation & Income/Employment Verification (FSAGAHAD), Credit & Underwriting Data Services (alt data feeds, affordability, bureau augmentation) (FSAGACAH), Fraud Detection, Identity & KYC/AML for Mortgages (FSALALAH), Income, Employment & Cash-Flow Verification (Consumer) (FSAKAKAE)
Keywords
Halcyon business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- SaaS Platform Subscription: Halcyon operates as a B2B SaaS platform providing tax data and income verification services to financial institutions. Revenue appears to come from subscription or usage-based licensing of the True Solutions Suite to mortgage lenders, banks, and credit unions.
- Transaction-based Services: Per-transaction pricing for tax transcript retrieval and income verification as indicated by 'Transactions Ordered' metric on website homepage showing client count and transaction volume.
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Halcyon product offering
Product offeringCore offering
Halcyon provides the True Solutions Suite, a B2B data intelligence platform for financial services that delivers IRS-direct tax transcript retrieval, income verification, e-signature, identity verification, and self-employed income calculation. The platform integrates directly with the IRS and major mortgage infrastructure (Fannie Mae's Income Calculator and Freddie Mac's AIM) to serve mortgage lenders, banks, credit unions, credit card issuers, and tax preparation firms. It replaces error-prone OCR-based methods with direct data sourcing to reduce post-close income validation failures.
Product overview
Halcyon offers the True Solutions Suite, a unified platform of interconnected products covering financial services workflows from tax data retrieval to income verification and digital signatures. The core products include: TrueTax (IRS direct tax transcript retrieval), TrueReport (lead discovery/enhancement), TrueMark (eSign identity verification), TrueYou (data confirmation and certification), TrueCalc (self-employed income calculation), and SigSign (digital signature platform). These products combine IRS-backed speed and cross-referenced accuracy to streamline end-to-end workflows for mortgage lenders, banks, credit unions, and tax preparation firms. The platform integrates directly with Fannie Mae and Freddie Mac systems for income verification.
Differentiator
Problem solved
Functional benefit
Brands
- TrueTax: IRS-direct tax transcript solution for financial services
- TrueReport
- TrueMark
- TrueYou
- TrueCalc
- Kingfisher RIA
- SigSign
Products and services
- TrueTax IRS Direct Tax Transcripts solution that retrieves tax transcript data directly from the IRS for income verification in financial services workflows, with a less than 1% failure rate.
- TrueReport Lead discovery and enhancement tool that identifies or improves business leads using cross-referenced tax and income data for financial institutions.
- TrueMark eSign and identity verification solution that enables electronic signature and identity confirmation for digital document workflows in lending.
- TrueYou Data confirmation and certification tool that verifies and certifies consumer identity and income data for lenders and financial institutions.
- TrueCalc Self-employed income calculation tool that analyzes and calculates income for self-employed borrowers in mortgage lending scenarios.
- SigSign Digital signature platform enabling electronic signatures for income verification and loan document workflows.
- Kingfisher RIA Registered Investment Advisor program administration platform for managing RIA compliance and operations.
Quantifiable outcome
- Less than 1% failure rate for IRS transcript retrieval vs. traditional OCR methods
- +2 more outcomes
Companies that use Halcyon
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
Halcyon technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability4 records
Feature7 records
Halcyon partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Freddie MaccoreHalcyon expanded its integration with Freddie Mac's Asset and Income Modeler (AIM) to deliver dual-source tax data capability. This enables combining borrower-provided tax returns with IRS tax transcripts for improved income verification for self-employed mortgage borrowers. This is a flagship integration positioning Halcyon as a key data provider within the Freddie Mac ecosystem.
- Fannie MaecoreHalcyon integrated Fannie Mae's new Income Calculator using IRS transcripts directly into its platform. This integration enables data to be sourced directly from the IRS with less than 1% failure rate, replacing error-prone OCR-based methods.
Scale indicators4 records
Recent moves5 records
Expansion highlights5 records
Halcyon competitors and assessment
Company assessmentBroad incumbents
- Plaid: Plaid powers open banking data connectivity for income, employment, and asset verification at scale. While much broader than Halcyon, it competes for lender verification workloads and represents an alternative data-source pathway for VOI/VOE.
- Experian: Experian provides consumer credit reporting, income, and identity verification services to lenders. It is a broad incumbent whose verification offerings compete for the same lender budget as Halcyon.
- Finicity (Mastercard): Finicity, a Mastercard company, provides open banking and financial data aggregation used for income, asset, and identity verification in lending. It competes with Halcyon in the lender data-verification stack as a much larger, well-capitalized incumbent.
- Equifax: Equifax is a major credit bureau and verification data provider (including The Work Number). It is a broad incumbent that competes in income and employment verification for mortgage and consumer lending at scale.
- Yodlee (Envestnet): Yodlee provides financial data aggregation and verification services used by lenders and fintechs for income and asset checks. It is a broader incumbent competing in the lender verification data layer.
Direct peers
- LoanLogics: LoanLogics provides mortgage loan quality, income, and data verification technology to lenders and investors. It directly overlaps with Halcyon's verification and loan-manufacturing improvement value proposition.
- DataVerify: DataVerify offers mortgage fraud, income, and asset verification tools used by lenders and servicers. It is a direct competitor in mortgage data verification and is often evaluated alongside Halcyon in lender tech stacks.
- The Work Number (Equifax): Equifax's The Work Number is the dominant employer-driven income and employment verification database used across mortgage and consumer lending. It competes head-to-head with Halcyon in lender-side verification workflows.
- FormFree: FormFree provides digital asset, income, and identity verification solutions specifically for the mortgage industry, including self-employed income analytics. It competes in the same lender-facing verification niche, with comparable focus on GSE-aligned workflows.
- Truework: Truework provides income and employment verification APIs to mortgage lenders, banks, and other financial institutions. It is the closest direct competitor in VOI/VOE for mortgage underwriting, addressing the same core workflow Halcyon targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights5 records
Customer concentration
Halcyon social profiles
Digital presenceHalcyon financial estimates
Financial estimateRevenue estimate
Valuation estimate
Halcyon leadership team
Management profileNumber of profiles
Profiles1 record
Halcyon funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Halcyon M&A and investment
M&A and investmentM&A
Investments1 record
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Halcyon
What does Halcyon do?
Halcyon provides the True Solutions Suite, a B2B data intelligence platform for financial services that delivers IRS-direct tax transcript retrieval, income verification, e-signature, identity verification, and self-employed income calculation. The platform integrates directly with the IRS and major mortgage infrastructure (Fannie Mae's Income Calculator and Freddie Mac's AIM) to serve mortgage lenders, banks, credit unions, credit card issuers, and tax preparation firms. It replaces error-prone OCR-based methods with direct data sourcing to reduce post-close income validation failures.
Is Halcyon a public or private company?
Halcyon is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Halcyon founded?
Halcyon was founded in -1. It employs 11 to 50 people.
How does Halcyon make money?
Two revenue lines are on record. SaaS Platform Subscription is the primary driver. The others are transaction-based Services.
Who are Halcyon's main competitors?
Broad incumbents on record are Plaid, Experian, Finicity (Mastercard), Equifax and Yodlee (Envestnet). Direct peers are LoanLogics, DataVerify, The Work Number (Equifax), FormFree and Truework.
Does Halcyon have an API?
No public API is recorded for Halcyon.
What industry is Halcyon in?
Halcyon's product category is Mortgage Lending Technology. Its primary akta.pro industry code is FSAGACAE, Income & Employment Verification (VOI/VOE, payroll-linked data), with a secondary code of FSAGAHAD, Underwriting Automation & Income/Employment Verification. Its NAICS code is 561450 and its SIC code is 7320.