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What is TRUE?

As pioneers in the lending AI sector, TRUE produces accurate data that improves automation and simplifies every step of the lending process, allowing financial organizations to quickly handle loans, cut costs and risks substantially, and significantly enhance the customer experience. The ongoing strong demand for mortgages and refinancing persists, yet outdated technologies and lengthy manual processes can result in closing times ranging from 30 to 120 days, with consumers facing an average expense of $9,000 per transaction. Each step of the mortgage process requires significant knowledge work, but the existence of inconsistent methods hampers effective output sharing. Additionally, adhering to security and regulatory standards complicates the outsourcing of tasks. To satisfy consumer demands for faster processing times, mortgage originators, insurers, servicers, and solution providers must work to minimize friction in their processes, speed up their workflows, and adjust their workforce as necessary to cope with varying workloads. In doing so, they can not only meet client expectations more effectively but also foster a lending environment that is both more efficient and adaptable to changing market dynamics. This approach is essential for maintaining competitiveness in a rapidly evolving industry landscape.

What is Novopay?

Revolutionize your banking journey with Novopay's state-of-the-art Banking Platform, meticulously crafted to be cloud-native, mobile-centric, API-driven, and infused with AI capabilities. Novopay presents an array of offerings, such as digital lending, prepaid card options, wallets, and various payment solutions, all of which can be licensed, tailored, and managed in the cloud with 24/7 support services. Through Novopay's advanced prepaid card and wallet offerings, financial institutions, retailers, telecom providers, and businesses can adeptly tackle complex payment challenges, ensuring a fluid payment experience for employees, customers, and partners alike. By enhancing customer engagement through a streamlined and straightforward payment process, consumers gain full autonomy over their payment choices. Furthermore, Novopay offers a groundbreaking solution specifically designed for microfinance and community banking, featuring applications for loan officers that enhance both online and offline field operations, thus simplifying the lending process for every party involved. This all-encompassing strategy not only boosts operational productivity but also fosters more robust relationships within the financial landscape, creating a win-win situation for all stakeholders. Embracing Novopay means embracing a future where banking is efficient, accessible, and tailored to meet the diverse needs of its users.

Media

No images available

Media

Integrations Supported

Integrations Supported

Flipkart
SchoolMint Hero
Zest

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Windows

Supported Platforms

SaaS
Android
iPhone
iPad

Customer Service / Support

Standard Support

Customer Service / Support

Web-Based Support

Training Options

Documentation Hub
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

TRUE

Company Location

United States

Company Website

true.ai/

Company Facts

Organization Name

Novopay Solutions

Date Founded

2013

Company Location

India

Company Website

novopaybanking.com

Categories and Features

AI Lending

Not specified

Mortgage and Loans

Closing Documents
Commercial Mortgages
Loan Origination
Loan Servicing
Residential Mortgages

Categories and Features

AI Lending

Not specified

Banking

Compliance Tracking
Credit Card Management
Multi-Branch
Online Banking
Retail Banking
Transaction Monitoring

Debt Collection

Agency Management
Auto Dialer
Automated Notices
Callback Scheduling
Client Management
Commission Management
Compliance Management
Contact Management
Credit Bureau Reporting
In-House Collections
Payment Plans
Transaction Management

Loan Origination

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Loan Processing

Loan Servicing

Accounting Management
Amortization Schedule
Auto Loans
Collections Management
Compliance Management
Customer Database
Loan Processing

Mobile Banking

Bill Payment
Biometric
Cash Management
Cross Selling Functionality
P2P Payments
Remote Deposit
SMS Banking
Transaction Monitoring
Voice Banking

Mortgage and Loans

Amortization Schedule
Closing Documents
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Loan Origination
Loan Servicing
Pre-Qualification

Online Banking

Cash Management
Credit Card Management
Electronic Statements
Loan Management
Retail Banking
Single Sign On
Transaction Monitoring

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