Connect with us

Technology

Truv Announces Integration with Byte Software to Enhance Loan Origination Process

Published

on

NEW YORK, Oct. 16, 2024 /PRNewswire/ — Truv, a market leader in income and employment verification solutions, is excited to announce a strategic integration with Byte Software, a premier loan origination system (LOS) provider. This partnership is transformative for the mortgage origination process, providing significant efficiencies and an enhanced experience for both lenders and borrowers.

Empowering Mortgage Lenders with Cutting-Edge Technology

Truv Announces Integration with Byte Software to Enhance Loan Origination Process

The integration of Truv’s advanced verification technology with Byte’s enterprise-class LOS platform offers mortgage lenders unparalleled access to real-time, direct-source income and employment data. Truv leads the market with 96% coverage of the US workforce and has a proven track record of saving lenders 60-80% on verification costs.

Key Benefits of the Truv and Byte Software Integration:

Real-Time Data Retrieval: Truv provides instant access to accurate income and employment data from payroll providers, eliminating delays caused by manual processes and traditional verification providers.Enhanced Automation: Byte’s advanced automation capabilities delivered through autorun, combined with Truv’s direct-to-source verifications, accelerate loan processing turn times, leading to a more efficient and consistent origination process.Customization Features: The integration leverages Byte’s robust customization options and Truv’s product flexibility, allowing lenders to tailor operational workflows and deliver a personalized experience to their borrowers.Significant Cost Savings: The integration reduces the need for costly verification providers, resulting in lower loan manufacturing costs and higher margins.Optimal Borrower Experience: Borrowers benefit from a simplified and quicker application process, reducing the number of touchpoints and providing a more user-friendly experience.Improved Operational Efficiency: Lenders are positioned to streamline their workflows, reduce administrative tasks, and close loans faster.

Kirill Klokov, CEO of Truv, expressed enthusiasm about the collaboration, stating, “Our integration with Byte Software marks a significant advancement in our mission to revolutionize the mortgage origination process. By combining our strengths, we are providing mortgage lenders with the tools they need to deliver exceptional service to their clients while improving operational efficiency.”

Mark Todd, Byte’s EVP of Sales & Client Services, shared similar sentiments: “We are thrilled to partner with Truv to bring real-time income and employment verification to our platform. This integration aligns with our commitment to providing our clients with innovative technology solutions that enhance the borrower experience and streamline the loan origination process.”

The integration is now available to mortgage lenders using Byte Software, offering a faster, easier, and more cost-effective solution for income and employment verifications. For more information, please visit Truv’s Website or Byte Software’s Website.

About Truv

Truv is a leading provider of innovative solutions for income, employment, and asset verification. Committed to transforming the mortgage industry, Truv’s consumer-permissioned platform offers real-time, direct-source verification technology that enhances accuracy, efficiency, and borrower experience. For more information, visit Truv.com.

About Byte Software

For over 35 years, Byte Software has delivered powerful, enterprise-class LOS solutions that give mortgage lenders total control over their loan process and the freedom to do business the way they want. The BytePro platform is trusted by over 800 mortgage bankers, credit unions, banks, and brokers to efficiently originate and deliver high-quality loans for their retail, wholesale, and correspondent channels. Request a demo at ByteSoftware.com.

Byte Software
P: 800-695-1008

250 E Broad St
18th Floor
Columbus, OH 43215

Media Contacts
Kaytren Bruner
Truv Inc
kaytren.bruner@truv.com
REQUEST A DEMO

Media Contacts
Robert Palmer
Byte Software
robert.palmer@bytesoftware.com
REQUEST A DEMO

View original content to download multimedia:https://www.prnewswire.com/news-releases/truv-announces-integration-with-byte-software-to-enhance-loan-origination-process-302278148.html

SOURCE TRUV

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

TIER IV and Hitachi Astemo join hands on autonomous driving systems: Introducing SOAFEE-compliant SDV architecture

Published

on

By

TOKYO, Oct. 16, 2024 /PRNewswire/ — TIER IV, the pioneering force behind Autoware*, the world’s first open-source software for autonomous driving, is excited to announce the launch of a joint initiative with Hitachi Astemo to advance autonomous driving systems and software-defined vehicles (SDVs). This collaboration, leveraging Autoware’s capabilities, builds on both companies’ engagement with the Autoware Foundation (AWF) and Scalable Open Architecture for Embedded Edge (SOAFEE) initiative. With their sights set on 2030, the companies are intensifying their efforts to deliver innovative solutions for mass production vehicle models.

Amid major shifts in the automotive industry, a new class of suppliers dubbed Tier 0.5 is emerging, offering value-added solutions that go beyond conventional Tier 1 models. Positioned as a Tier 0.5 supplier, Hitachi Astemo provides comprehensive system solutions that consider the entire vehicle’s architecture. In line with this goal, the company is developing a reference system (Internet of Vehicles Platform: IoV PF) for system development tailored to the needs of automakers. Hitachi Astemo is also pioneering a cloud-native software architecture that facilitates development and standardizes specifications on the cloud. These innovations will significantly enhance development efficiency, elevate product quality, reduce costs, and enable faster time-to-market. The architecture will integrate Autoware as the core autonomous driving software.

TIER IV has been actively collaborating with key members of AWF and SOAFEE to define industry-standard and expand the reach of the Open AD Kit, a comprehensive referential development kit for autonomous driving systems built on Autoware. Looking forward, TIER IV plans to enhance clound-native environments for the kit and support the development of autonomous driving systems based on the SOAFEE-compliant SDV architecture. This collaboration will leverage Hitachi Astemo’s reference system to accelerate the next-generation Open AD Kit project.

In addition to these efforts, TIER IV is accelerating the development of a large-scale, cooperative machine learning operations (MLOps) infrastructure and embedded edge AI models specifically designed for autonomous driving systems. With the launch of the Co-MLOps project in January 2024, TIER IV will spearhead the creation of a global framework that allows companies worldwide to collaborate and share data, accelerating advancements in machine learning and edge AI development. These capabilities will be integrated into the Open AD Kit and will also be aligned with Hitachi Astemo’s reference system.

Through this joint development with Hitachi Astemo, TIER IV is committed to driving the development of autonomous driving systems that add significant value to automakers’ mass production models, shaping the future landscape of the automotive industry.

*Autoware is a registered trademark of the Autoware Foundation.

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

Media Contact

pr@tier4.jp

View original content to download multimedia:https://www.prnewswire.com/news-releases/tier-iv-and-hitachi-astemo-join-hands-on-autonomous-driving-systems-introducing-soafee-compliant-sdv-architecture-302277866.html

SOURCE TIER IV, Inc.

Continue Reading

Technology

INFINITIX ventures into Japan’s AI market by establishing INFINITIX Japan and attracting significant attention by showcasing its core product AI-Stack at Tokyo CEATEC 2024.

Published

on

By

TOKYO, Oct. 17, 2024 /PRNewswire/ — Taiwan’s AI infrastructure solutions leader, INFINITIX, has officially launched its Japanese subsidiary, INFINITIX Japan, to expand its presence in Japan’s AI market. This move aims to provide cutting-edge AI solutions, helping local businesses drive digital transformation, improve AI ROI, and foster innovation.

INFINITIX’s flagship product, AI-Stack, has seen great success in Taiwan, supporting businesses with AI infrastructure and partnering with top tech firms to launch Taiwan’s leading AI computing center, AICC. AI-Stack has earned NVIDIA’s Solution Advisor – Preferred Level certification as the preferred solution for AI infrastructure and GPU resource scheduling. With INFINITIX Japan, these successes will now extend to the Japanese market, helping businesses meet growing AI demands. As generative AI rises, companies face challenges like high GPU costs and increased hardware investments. INFINITIX addresses these with flexible GPU management, no-code setup, and automated workflows, boosting efficiency and AI ROI. The launch of INFINITIX Japan ensures fast, local support for business needs and system maintenance.

At Tokyo CEATEC from 2024 October 15 to 18, INFINITIX debuted its next-generation AI-Stack solution, drawing considerable attention from attendees. Through this event, INFINITIX aims to enhance its visibility in Japan, leveraging its strong AI capabilities to provide groundbreaking solutions for Japanese businesses, helping them gain a competitive edge in digital transformation.

The establishment of INFINITIX Japan marks another significant milestone in the company’s international expansion. This strategic move allows Infinitix to further penetrate the Asian market and continue its commitment to leading the AI industry, collaborating with Japanese businesses to create an intelligent future.

INFINITIX Inc.
Beyond AI, to infinity

INFINITIX specializes in AI GPU resource scheduling and management, helping businesses maximize GPU efficiency. As a global NVIDIA Inception Program partner since 2019 and Taiwan’s only AI software provider with NVIDIA Solution Advisor – Preferred Level certification, INFINITIX delivers top-tier AI infrastructure solutions with its AI-Stack platform, driving AI industry innovation.

For more information, please visit our official website: https://infinitix.co/

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/infinitix-ventures-into-japans-ai-market-by-establishing-infinitix-japan-and-attracting-significant-attention-by-showcasing-its-core-product-ai-stack-at-tokyo-ceatec-2024-302278195.html

SOURCE Infinitix Inc.

Continue Reading

Technology

Trip.com Obtains IATA GoGlobal Accreditation

Published

on

By

Trip.com’s IATA GoGlobal accreditation strengthens its recognition across the airline industry. Helps Trip.com access support services provided by IATA.

SINGAPORE, Oct. 17, 2024 /PRNewswire/ — Trip.com has received the International Air Transport Association’s (IATA) GoGlobal accreditation, the gold standard for travel agency validation and a milestone that recognises Trip.com’s ability to operate and work with global airlines across multiple markets. 

IATA GoGlobal Certification

IATA’s multi-country accreditation (also known as GoGlobal) is highly regarded and well-recognised as an accreditation model within the Passenger Sales Agency Rules. It recognises that the company has met rigorous global standards for handling international travel services within aviation, including ticketing and sales. Achieving IATA GoGlobal accreditation brings greater credibility and recognition to Trip.com, and helps simplify interaction with global airlines.

Building on a Strategic Partnership

This achievement follows Trip.com’s recent entry into IATA’s Strategic Partnership Program, strengthening relationships with key industry stakeholders. The decision to join was driven by Trip.com’s commitment to enhancing customer experience and staying at the forefront of product development and new technologies in the travel industry.

Looking ahead, Trip.com is excited to deepen cooperation with IATA to support industry innovation and shape the future of travel, creating a more connected and convenient journey for all.

“We welcome Trip.com on converting to the GoGlobal accreditation level. IATA accreditation allows travel agents to connect more conveniently with a wide range of travel industry partners, simplify their business relationship with airlines, and enhances their credibility with airlines and their customers. Given the scale of their operations around the world, we are delighted that Trip.com recognised the value in converting from multiple GoStandard accreditations to one at the GoGlobal level. We look forward to working with Trip.com and supporting them as they grow their business,” said Juan Antonio Rodriguez, IATA’s Director for Financial Settlement Operations.

Chee Teong Ooi, Trip.com Group’s VP of Global Flights Business and CEO of Travix said, “We are thrilled to have obtained IATA’s GoGlobal Accreditation as it affirms our capability to comply with multi-country financial criteria. As we continue to innovate and collaborate with IATA, we aim to enhance connectivity and convenience, providing an exceptional travel experience for everyone.” 

About Trip.com

Trip.com is an international one-stop travel service provider, available in 24 languages across 39 countries and regions in 35 local currencies. Trip.com has an extensive hotel and flight network consisting of more than 1.7 million hotels and flights from over 600 airlines covering 3,400 airports in 220 countries and regions around the globe. Trip.com‘s world-class 24/7 multilingual customer service, as well as additional centres in Edinburgh, Tokyo and Seoul, help to ‘create the best travel experience’ for its millions of customers worldwide. To book your next trip, visit Trip.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/tripcom-obtains-iata-goglobal-accreditation-302277237.html

SOURCE Trip.com

Continue Reading

Trending