TRAiNED Partners with Innovation Works to Propel Mortgage Technology
In a significant development that aims to reshape the mortgage industry, TRAiNED, an innovative platform powered by artificial intelligence, has garnered a key investment from Innovation Works. This partnership is poised to transform how mortgages are processed, offering tangible financial benefits without necessitating a complete overhaul of existing systems.
TRAiNED operates with a revolutionary perspective, recognizing the inefficiencies that plague traditional mortgage processing. The company's flagship platform, MORi (Mortgage Origination Responsible Intelligence), leverages Actionable Large Language Models (ALLMs) to automate essential tasks, including document indexing, income analysis, and real-time monitoring of loans. This integration allows lenders to maintain their current Loan Origination Systems (LOS) while experiencing measurable reductions in costs and time.
According to Jonathan Freed, President and Founder of TRAiNED, the investment from Innovation Works extends beyond mere financial support. He emphasized, "Innovation Works didn't just write a check—they recognized a real opportunity to lead mortgage tech into a new era." This acknowledgment of the considerable impact TRAiNED is already having reaffirmed the startup's potential for future growth.
With Innovation Works' involvement, TRAiNED can access a rich network of mentors, technologists, and investors. This collaboration is not merely about funding; it represents a strategic partnership that provides crucial support to scale the business effectively. Steven Welles, Managing Director of Software at Innovation Works, expressed enthusiasm about the transformative potential of AI, highlighting that TRAiNED's platform already provides immediate ROI to its users, which has contributed to its growing customer base.
TRAiNED's approach is significant not only for its technological advantages but also for its commitment to accuracy and efficiency. The platform boasts an impressive 99% data accuracy rate, mitigating the risks commonly associated with mortgage origination processes. Moreover, the company's pay-per-closed-loan model is designed to eliminate implementation risks that often deter lenders from embracing new technologies.
As the housing market faces evolving challenges, the timing of this investment is pivotal. With TRAiNED positioned to scale effectively, it stands ready to address the industry's pressing concerns, including rising operational costs and sluggish loan processing speeds. Freed noted, "This moment isn't just about funding—it's about fuel. We're building the next generation of mortgage infrastructure. Innovation Works is helping us get there faster."
Through collaboration with Innovation Works, TRAiNED is set to continue enhancing its solutions, ensuring maximum efficiency for lenders while enabling them to stay focused on growth. This partnership exemplifies how strategic investments in technology can lead to profound enhancements in user experience and operational success.
As the mortgage industry gears up for what many believe is a significant technological evolution, TRAiNED and Innovation Works represent a vibrant new chapter for mortgage processing, combining innovative AI solutions with a clear focus on efficiency and profitability. For more information on TRAiNED and its initiatives, visit
gettrained.ai.
Conclusion
In summary, the partnership between TRAiNED and Innovation Works stands as a promising development within the mortgage sector, addressing inefficiencies and catalyzing a shift towards greater integration of AI technology. With continued investment and support, TRAiNED is poised to lead the way into a more streamlined future for mortgage manufacturing, marking an important milestone in real estate technology.