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.

Press Contact for TRUE Liz Adkins (888) 575-9299 ladkins@true.ai