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Description
Enhance and simplify the loan forgiveness process of the CARES Act Paycheck Protection Program (PPP) to more effectively assist small businesses. ALFA, utilizing the capabilities of Nirveda Cognition’s Document-to-Dashboard platform, harnesses Artificial Intelligence to aid small enterprises in navigating the intricate maze of PPP loan forgiveness. Evidence Collection. Users can easily drag and drop all necessary baseline and evidence documents into our secure system. Document Intelligence. Our platform extracts all pertinent information from the evidence documents, conducts a thorough completeness review, identifies potential risks, and calculates the forgiveness amount. Forgiveness Maximizer. With comprehensive information at hand, users can determine and maximize their forgiveness potential, effectively finding the needle in the haystack of documentation. Data Portability. All relevant data is compiled to facilitate the generation of the SBA Form 3508. Imagine a world where the stress and complexity of compliance are completely removed, allowing small businesses to focus on growth and recovery instead. This innovative approach not only streamlines the process but also empowers small business owners to take control of their financial futures.
Description
As trailblazers in lending AI, TRUE generates precise data that enhances automation and streamlines every phase of the lending journey, enabling financial institutions to swiftly process loans, significantly reduce expenses and risks, and greatly enhance the customer experience. The demand for mortgages and refinancing remains robust; however, traditional technologies and protracted manual procedures can lead to closings extending from 30 to 120 days, imposing an average cost of $9,000 per settlement on consumers. Each phase of the mortgage process demands considerable knowledge work, yet the presence of non-standardized methods complicates the sharing of resulting outputs. Moreover, compliance with security and regulatory requirements makes it challenging to outsource tasks effectively. In order to meet consumer demands for quicker turnaround times, mortgage originators, insurers, servicers, and solution providers are required to minimize process friction, accelerate their workflows, and adapt their workforce as needed to respond to fluctuating workloads. By doing so, they can not only satisfy client expectations but also create a more efficient and responsive lending environment.
API Access
Has API
API Access
Has API
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Integrations
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Integrations
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Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Nirveda Cognition
Founded
2017
Country
United States
Website
www.nirvedacognition.ai
Vendor Details
Company Name
TRUE
Country
United States
Website
true.ai/
Product Features
Mortgage and Loans
Amortization Schedule
Client Database
Closing Documents
Commercial Mortgages
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Government Loans
Loan Origination
Loan Servicing
Pipeline Management
Pre-Qualification
Refinance Management
Residential Mortgages
Product Features
Mortgage and Loans
Amortization Schedule
Client Database
Closing Documents
Commercial Mortgages
Contact Management
Credit Reporting
Customer Statements
Document Management
Electronic Applications
Government Loans
Loan Origination
Loan Servicing
Pipeline Management
Pre-Qualification
Refinance Management
Residential Mortgages