TRUE is a software solutions company and AI lab that helps lenders harness the power of artificial intelligence to make accurately informed underwriting decisions – increasing revenue while reducing operating costs and risk.
Lenders today are looking to achieve a holistic view of the borrowing public. Every piece of documentation that underlies a loan, from a paystub, to a W2, to a bank statement, is a critical piece of the puzzle. To make effective underwriting decisions, lenders must ensure no stone is left unturned and that each document is cross validated to ensure accuracy and prevent fraud. The goal is a full and true picture of each borrower that enables underwriters to proceed faster, with greater precision and less risk.
That truth is central to what we do. Over the past five years, we’ve been consistently modernizing our technology, capturing and analyzing more data so lenders can meet customers’ most important expectations – speed, accuracy, and reduced risk. With deeper, more comprehensive, and extremely accurate insights on borrowers, TRUE allows lenders to gain market share and brings lending closer to becoming a real-time experience.
Our technology reads documents chronologically and holistically rather than just sampling – understanding and analyzing each document within the context of the larger loan package rather than as isolated documents. This automation enables thorough decisions and takes humans out of the loop – while at the same time providing transparency and explainability that builds confidence. This powers more trustworthy lending.
It all starts and ends with the data. True, verifiable data is a competitive advantage when analyzed efficiently and accurately. We’re excited to keep delivering this advantage to our growing client base as we enter the next phase of our journey. Visit www.true.ai to learn more and schedule a demo.