SoftWorks AI goes TRUE and meets the need for loan intelligence –

The new name truly reflects the company’s ability to make decisions faster and reduce lending risk by providing a holistic, 360-degree picture of a borrower

NEW YORK–(BUSINESS WIRE)–#AI–SoftWorks AI, the leader in loan intelligence, today launched an extensive rebrand, including changing its name to true. The new name reflects the company’s unique ability to give lenders a true picture of a borrower by using AI to inspect and audit every data point when verifying a loan and its underlying documentation. . By providing deeper, more complete and more accurate borrower information, TRUE enables lenders to gain market share by enabling faster turnaround times and reducing risk.

TRUE’s new name and logo show how the company is harnessing the power of AI to turn lending – especially in mortgages – into a near real-time experience. While other vendors need humans in the loop to get the data right, TRUE’s platform automatically analyzes every data point in a ready package with precision. TRUE’s technology can reduce manual revisions by up to 85% and has increased underwriter productivity by up to 300%.

The lending industry has long focused on automation, with an end goal of zero-touch automation. This can only be achieved with loan intelligence, which uses AI to ensure that all data entering the automation process is 100% correct and to verify that each extrapolated information is accurate and proven. The TRUE brand focuses on using advanced technology to find what’s true, a process the company calls Lending Intelligence.

“TRUE uses AI to help lenders meet the most important customer expectations: speed, accuracy and reduced risk,” said Ari Gross, CEO of TRUE. “We are an AI lab focused on the lending industry and our AI platform is fully trained to address the challenges and nuances of lending. TRUE optimizes every step of the lending cycle, efficiently delivering critical information so our clients can get a complete picture of their risk exposure. By providing fast, thorough and explainable analysis of every last data point, we reduce errors and improve decision-making, thus promoting reliable loans. »

TRUE transforms both primary and secondary lending markets with technology that reads documents chronologically and holistically, going far beyond generic data classification that lacks important detail and nuance – and leads to poor decisions expensive. By ensuring that loan documents tell a consistent, consistent story and that all documents are validated, TRUE allows lenders to get a holistic view of loan risk while providing greater certainty to clients. The company currently serves major institutions in the lending industry including Rocket Mortgage, Carrington and 50% of the major mortgage insurers. TRUE processes millions of loans and billions of documents each year using its AI-powered lending technology.

About TRUE

TRUE is a software solutions company and artificial intelligence lab that helps lenders harness the power of artificial intelligence to make accurate, informed lending decisions, increasing revenue while reducing operating costs and the risks. Since 2017, it has set the industry standard in smart lending technology, delivering results that deliver a true competitive advantage. Learn more about www.true.ai.

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Liz Adkins

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