National MI Partners with TRUE to Advance Digital Mortgage Ecosystem
The partnership combines National MI’s private mortgage insurance platform that facilitates homeownership opportunities for borrowers who need down payment support with TRUE's Data Intelligence product and unique AI-powered document and data processing capabilities. By integrating TRUE’s AI technology into its digital mortgage ecosystem, National MI expects to reduce its document and data processing times while dramatically accelerating loan decision timelines.
The collaboration comes at a time when higher interest rates and low inventories have pushed many would-by homebuyers out of the housing market. At the same time, lenders are experiencing a surge in operational costs and mortgage insurers are under pressure to provide loan decisions in near real-time. By working together, National MI and TRUE will provide critical relief to all three groups by delivering seamless, faster loan responses while reducing the burden and cost of manual reviews and increasing data quality.
“Our partnership with TRUE marks yet another step forward in our technological innovation journey,” said
“We have been on a mission from day one to help more people experience the stability and security of homeownership,” said
About National MI
TRUE is a software solutions company and AI lab that helps lenders harness the power of artificial intelligence 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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Source: NMI Holdings, Inc.