TRUE Announces General Availability of its Latest Enterprise-Class Lending AI Capabilities
17 Julio 2024 - 6:00AM
Business Wire
TRUE Data Intelligence 5.1 sets the mortgage
industry standard for intelligent document processing and delivers
significant workflow velocity improvements to the mortgage lending
market
TRUE, the leader in lending intelligence, today announced the
general availability of TRUE Data Intelligence 5.1. This new
release dramatically decreases the time, cost, and human touch it
takes to process mortgage related documents, while delivering
enterprise-class capabilities previously not available in any other
products of its type.
TRUE Data Intelligence 5.1 now includes industry leading
coverage with its AI pre-trained on 845+ document types, providing
greater than 99% accuracy on critical mortgage documents, 10,000+
data fields, with accuracy above 97.5%, and automated
cross-validation to assure the highest level of data correctness of
any vendor within the mortgage lending market.
Numbers are important, but so is the depth of data analysis.
With 5.1, TRUE advances the capability of automatically and
intelligently analyzing bank statements by delivering
transaction-based data extraction and analysis. This is essential
for efficiently processing borrower information for non-qualified
(Non-QM) mortgages and for borrowers who do not meet traditional
lending requirements.
Although 5.1 sets new benchmarks in accuracy and coverage,
equally as important, it also sets new reliability, security,
observability, and scalability standards with its enterprise-class
capabilities. TRUE Data Intelligence 5.1 includes the following
enterprise-critical capabilities:
- Observability, with support for log file management,
location, and retention. Advanced control over analytics and data
retention, and API support for process “health checks”.
- Scalability, allowing large and distributed workforces
to be able to process mortgages, enable decisioning, and access
information in real-time, this includes advanced user experience
features such as customized dashboards, classification review mode,
and multiple document views.
- Versioning, delivering UI support for efficient and
definitive versioning of all borrower documents, related loan
information, and critical lending documents.
- Security & Resiliency, providing full encryption of
all project-related files, and support for automated process reset
based on operational conditions, and advanced API capabilities that
provide new endpoints to monitor system health and control
system/user activity.
- Dashboards, featuring advanced configurability, support
for metatags, and flexible UX capabilities.
“TRUE Data Intelligence 5.1 absolutely sets a new industry
benchmark and continues our commitment at TRUE to deliver
transformative technology to the mortgage lending market,” said Dr.
Ari Gross, CEO of TRUE. “This release and its capabilities allow
lenders of all sizes to experience previously unimaginable velocity
in their document processing and decision-making workflows. This is
the power of artificial intelligence, trained in the lending
lifecycle, which is fundamentally improving the way lenders
automate their operation, and how borrowers experience the mortgage
process.”
To learn more about TRUE, visit us at: https://true.ai or try
TRUE in action at https://trydocs.true.ai
About TRUE
TRUE is a software solutions company and AI lab that helps
lenders harness the power of artificial intelligence to rapidly
process lending data and accelerate the time it takes to make
accurately informed lending decisions. Since 2017, our technology
has set the industry standard for intelligent lending technology,
delivering results that provide a true competitive advantage. Every
day, lenders across the industry use TRUE to increase their
revenue, reduce risk, and deliver a truly exceptional experience to
their customers.
Learn more at www.true.ai.
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Press Contact for TRUE Liz Adkins (888) 575-9299
ladkins@true.ai