Industry Briefs, March 27, 2025
(Image courtesy of Markus Winkler via pexels.com)
Truework Unveils Truework Intelligence Platform
Truework, San Francisco, launched Truework Intelligence, a fully automated and comprehensive verification platform.
It can cover the end-to-end verification experience by delivering automatic orchestration, data standardization and insights, replacing homegrown vendor waterfalls and associated internal processes.
New features include the addition of bank income and tax transcripts to its existing data methods, predictive modeling for report turnaround times and the likelihood of report completion and strategic integrations to bring Truework to wherever teams work.
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BSI Financial Services Launches HELOC Subservicing Solution
BSI Financial Services, Irving, Texas, launched a specialized Home Equity Line of Credit subservicing solution.
It includes frictionless borrower access, risk mitigation at scale, investor-grade reporting and fintech-powered compliance.
BSI Financial’s proprietary technology stack includes Libretto, which automates daily quality insurance, and BSI ASSET360, which provides lenders and investors with real-time visibility into asset status and performance.
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Covius Partners with FoxyAI
Covius, Denver, announced it has partnered with FoxyAI, Syosset, N.Y., through the Covius online auction platform, RealtyBid, to provide users with advanced valuations analytics, including a condition score and accurate after-renovation values based on neighborhood property assessments.
It offers investors and potential owner-occupants a complete picture of a property, including an AVM with property characteristics, market information and analytics and hyper-local comparables from Weiss Analytics; an evaluation that includes a report from FoxyAI that leverages advanced AI models to provided unbiased, condition-adjusted property valuations; and an ROI assessment from Blue Book International coupled with a valuation from FoxyAI.
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Cornerstone Capital Bank Forms New Joint Ventures
Cornerstone Capital Bank, Houston, announced it has formed joint venture companies with homebuilders Twin Tree Mortgage, Waxahachie, Texas, and Liberty Ridge, Fayetteville, N.C.
With the addition of these two firms, Cornerstone now has formed joint venture mortgage companies for 15 homebuilders nationwide.
The companies are able to deliver faster loan approvals and seamless mortgage experiences for homebuyers, and give homebuilders greater certainty in closing homes on time, better control of their backlog and a dedicated home financing and bank partner.
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