NEW YORK--(BUSINESS WIRE)--Mar 10, 2026--
TRUE, the enterprise AI platform designed to lower cost per loan through end-to-end mortgage automation, today announced continued platform growth, expanded operational leadership, and increasing industry momentum as lenders adopt enterprise AI to modernize mortgage manufacturing.
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Over the past year, TRUE has accelerated adoption of its Mortgage Operations Service (MOS) platform across enterprise lenders. The platform has quickly surpassed more than 1,000 active users, reflecting strong market reception and growing demand for technology that improves productivity and operational consistency across the mortgage lifecycle.
As lenders increasingly focus on reducing cost per loan while maintaining strong governance and compliance, TRUE’s MOS platform is being deployed to streamline operations across loan setup and data quality, underwriting support, and post-close processing.
“Mortgage lenders are no longer experimenting with automation. They are focused on lowering cost per loan and improving operational execution,” said Steve Butler, CEO of TRUE. “For years, lenders lacked a platform that could address those challenges across the entire mortgage manufacturing process. TRUE was built to provide that foundation — delivering productivity, automation, and measurable operational impact within existing lender ecosystems.”
TRUE’s growth reflects a broader industry shift toward end-to-end operational platforms that improve workflow continuity across the mortgage lifecycle. Rather than layering additional tools into already complex technology stacks, lenders are increasingly seeking solutions that reduce friction between stages of loan manufacturing while supporting scalable execution during both rising and declining market volumes.
Strengthening Operational Leadership
To support continued enterprise growth, TRUE has expanded its leadership team with the addition of experienced executives across operations and finance.
The company recently appointed Ed Job to lead Mortgage Operations and Customer Support. Ed brings more than two decades of financial services leadership experience, including 16 years at Citibank, where he led consumer mortgage and correspondent lending operations. He has also held leadership roles within high-growth startups, helping build scalable operational frameworks and disciplined execution models.
At TRUE, Ed oversees the company’s mortgage operations organization, including the customer support team, with a mandate to build a world-class support structure that serves both executive stakeholders and day-to-day platform users.
“Mortgage operations is where strategy meets execution,” Ed explains. “Having spent years running lending operations at scale, I understand where inefficiencies accumulate and how quickly costs can compound. Our focus is working closely with customers to ensure they realize meaningful ROI from TRUE’s platform by applying proven mortgage operational expertise to their workflows.”
TRUE also recently appointed Steve Daignault as Chief Financial Officer, further strengthening the company’s executive bench as it enters its next stage of growth. His experience spans companies at a similar stage to TRUE as well as larger enterprise software firms the company ultimately aspires to become.
The additions of Ed and Steve reflect TRUE’s continued investment in operational excellence and disciplined growth as the company expands its enterprise footprint.
Industry Momentum and Ecosystem Expansion
TRUE continues to strengthen its ecosystem partnerships and industry presence as the mortgage market increasingly focuses on automation that delivers measurable operational impact.
The company has expanded its collaboration with Candor, enabling lenders to connect automated document intelligence with underwriting decisioning capabilities. Together, the platforms support more streamlined workflows between document processing and underwriting analysis, helping lenders reduce manual review while maintaining strong governance and auditability.
TRUE will also join Fairway Independent Mortgage Corporation on the main stage at HousingWire’s “The Gathering” conference this spring for a session around how lenders are approaching enterprise AI adoption and the operational lessons learned along the way.
In addition, TRUE will be participating in next week’s ICE Experience 2026, where the company will meet with lenders to discuss how enterprise AI can improve productivity across mortgage operations and help institutions reduce cost per loan.
As the mortgage industry navigates continued margin pressure and market volatility, TRUE remains focused on delivering technology that supports operational efficiency, workflow transparency, and scalable automation across the entire mortgage manufacturing lifecycle.
For more information, visit www.true.ai.
Ed Job, SVP of Mortgage Operations at TRUE
Iran fired drones and missiles at Israel and Gulf states Tuesday as Israeli Prime Minister Benjamin Netanyahu vowed his country will keep striking the Islamic Republic, saying the aim of the campaign was the popular overthrow of its government.
“Our aim is to bring the Iranian people to cast off the yoke of tyranny, ultimately it depends on them,” Netanyahu said during a meeting with Israel’s hospital and health system leaders. “But there is no doubt that with the actions taken so far, we are breaking their bones."
U.S. President Donald Trump sent contradictory signals about how long the war could last, fueling uncertainty that is causing markets to swing.
Iranian Parliament Speaker Mohammad Bagher Qalibaf dismissed any suggestion Tehran sought a ceasefire in the war and would keep fighting.
Trump late Monday told Republican lawmakers that the war was likely to be a “short excursion,” but hours later threatened in a social media post that the U.S. would dramatically increase attacks if Iran tried to close the Strait of Hormuz.
Here is the latest:
Iranian security official Ali Larijani wrote a message on X after U.S. President Donald Trump threatened to attack Iran “TWENTY TIMES HARDER” if Tehran stopped oil flowing through the Strait of Hormuz.
Larijani wrote: “The sacrificial nation of Iran doesn’t fear your empty threats. Even those bigger than you couldn’t eliminate Iran. Be careful not to get eliminated yourself.”
Iran has been accused of plotting attempts to kill Trump in the past.
A spokesman for Iran’s paramilitary Revolutionary Guard has threatened to not allow “a single liter of oil” to leave the Persian Gulf.
Ali Mohamad Naeini has made the comment in a statement.
He says Iran “will not allow the export of even a single liter of oil from the region to the hostile side and its partners until further notice.”
“Their attempts to reduce and control oil and gas prices will be temporary and ineffective,” he said. “Trade in wartime conditions is subject to security considerations.”
A ship likely came under attack in the Persian Gulf off the coast of the United Arab Emirates’ capital, a center run by the British military says.
The possible attack on the bulk carrier would expand the radius of ongoing assaults against shipping by Iran during the war.
The United Kingdom Maritime Trade Operations center reported the incident, saying a captain aboard the vessel reported seeing “a splash and heard a loud bang in close proximity of a bulk carrier.”
Kremlin spokesman Dmitry Peskov says Russia remains ready to help broker an end to the war in the Middle East.
Following Russian President Vladimir Putin’s call on Monday with U.S. President Donald Trump, Peskov said that Russia’s mediation offers “are still on the table.”
He told reporters that “Russia is ready to provide assistance to the best of its ability and will be happy to do so.”
Israel’s military says it has launched new airstrikes targeting Iran’s capital, Tehran.
Witnesses reported hearing several explosions in the city as the Israelis began their airstrikes.
The Persian Gulf country was attacked with three missiles and a drone as Iran keeps up its strikes in the Middle East, authorities said.
One strike hit a residential building in Bahrain’s capital, Manama, killing a 29-year-old woman and wounding eight others, the Interior Ministry said.
Iran has repeatedly hit Bahrain, which hosts the U.S. 5th Fleet.
The group of industrial nations on Monday held off releasing oil stocks to bring down prices but are picking up the issue again with more discussions between their energy ministers on Tuesday, according to France.
France, which currently holds the G7’s rotating presidency, wants “to advance on that question, with one objective, which is to bring down prices,” government spokeswoman Maud Bregeon told broadcaster France Televisions.
“France is working on that for a very simple reason: If you put volume back into the market, you can have an impact on the lowering of prices,” Bregeon said.
French Finance Minister Roland Lescure said the G7 ministers will meet Tuesday afternoon by video call.
“It’s a process, we are working on it,” Lescure said. “All options are on the table.”
German Foreign Minister Johann Wadephul says there is no need now to send his country’s warships or other military hardware to Cyprus or the eastern Mediterranean.
An Iranian Shahed drone struck a British air base on Cyprus’ southern coast last week.
Wadephul lauded Greece, France and Italy for dispatching warships to the region as a “pragmatic step,” adding that Germany would augment a European force presence if needed.
Following talks with his Cypriot counterpart, Constantinos Kombos, Wadephul said he doesn’t have intelligence indicating “a real current threat” to Cyprus or another European country from the Iran war.
But he added “you can never predict what will happen the next day” with groups like Hezbollah.
Saudi oil company Aramco says it will reach capacity of its East-West pipeline “in a couple of days” to get its product out to the global market.
Amin Nasser, Aramco’s CEO and president, said the East-West pipeline has a daily capacity of 7 million barrels.
“We should be reaching capacity, in a couple of days. It’s all been going on the repositioning of tankers from the East to West,” Nasser said. “You know, this crisis happened all of a sudden, and tankers need to reposition to the West coast for loading.”
He added: “The situation at the Strait of Hormuz is blocking sizable volumes of oil from the whole region.”
The East-West pipeline sends oil to the Red Sea for transport. Saudi Aramco operates the pipeline from the Aqaiq oil processing center near the Persian Gulf to the Yanbu port on the Red Sea, avoiding the chokepoint of the Strait of Hormuz.
Amin Nasser, the president and CEO of Aramco, said the firm remained “focused on safety and meeting our commitments.”
“That situation continues to evolve, and the safety of our people and our operations remain our highest priorities,” Nasser said.
He did not immediately elaborate on any effects from the war on the company’s output.
Nasser hinted at global oil markets being squeezed the longer the Iran war goes on and shipments from the Mideast being affected.
“Given the current geopolitical situation, we may see inventories eroding and being drawn down faster as shipments are being curtailed from the region,” he said. “This is at a time when current global spare capacity remains extremely low.”
That likely could push the price per barrel globally even higher, translating to higher costs for gasoline and jet fuel.
Prime Minister Benjamin Netanyahu vowed Tuesday that Israel will continue striking Iran.
“Our aim is to bring the Iranian people to cast off the yoke of tyranny, ultimately it depends on them,” Netanyahu said during a meeting with Israel’s hospital and health system leaders.
“But there is no doubt that with the actions taken so far, we are breaking their bones,” he said.
Thailand’s Prime Minister Anutin Charnvirakul told government agencies and state companies to begin having staff not in public facing roles to work from home.
The government said Tuesday that Thailand was also suspending overseas training and study trips.
The announcement comes as countries in Southeast Asia move to counter disruptions to oil and gas supplies from the war in the Middle East.
The Vietnamese government ordered similar measures, but also urged people to limit private use of their vehicles.
Fuel prices have climbed and long lines have formed outside filling stations as drivers and motorcycle riders rush to ensure they can fill their tanks.
Iran’s parliament speaker on Tuesday dismissed any suggestion Tehran sought a ceasefire in the war.
“We are definitely not looking for a ceasefire; we believe that the aggressor should be punched in the mouth so that he learns a lesson so that he will never think of attacking our beloved Iran again,” Mohammad Bagher Qalibaf wrote on X.
“The Zionist regime sees its shameful existence in the continuation of the cycle of ‘war-negotiation-ceasefire and then war again’ to consolidate its dominance. We will break this cycle,” he wrote.
The Israeli military said Tuesday it killed three Palestinians in Gaza late Monday.
The Palestinians approached Israeli troops near the temporary line that Israel withdrew to at the start of the October 2025 ceasefire. The Yellow Line marks the Israel-controlled area in eastern Gaza.
Since the start of the ceasefire, at least 80 Palestinians have been killed near the Yellow Line after the Israeli military accused them of approaching and endangering soldiers.
Israel’s military said it detected an Iranian missile launch targeting the country Tuesday morning.
Sirens were heard in Jerusalem and explosions could be heard in Tel Aviv as Israel’s military worked to intercept the fire.
India’s oil ministry has set up a committee to review supplies of commercial cooking gas as the hospitality sector experiences a shortage of liquefied petroleum gas cylinders.
India relies heavily on oil and gas shipped through the Strait of Hormuz. Iran has attacked several ships in the strait and threatened any ships that try to pass through, effectively closing it.
Industry groups in India say restaurants in some major cities including Mumbai and Bengaluru are struggling to secure cooking gas cylinders. They warn some eateries could shut within days if supplies are not restored.
Indian authorities have prioritized LPG supplies for household use, tightening availability for commercial users such as hotels and restaurants.
Azerbaijan has sent humanitarian aid to Iran, Azerbaijani officials said Monday.
The aid includes 10 tons of flour, six tons of rice, more than two tons of sugar, over four tons of water, about 600 kilograms of tea and about two tons of medicines and medical supplies, according to officials.
Iran’s judiciary is warning its local media about what and how it reports as the war with Israel and the United States goes on.
That was a comment made by judiciary spokesman Asghar Jahangir as reported by the state-run IRNA news agency.
It said Jahangir said local outlets “that did not comply with security issues and had taken videos and photos of certain places solely for the purpose of informing were given the necessary warnings.”
“If this happens again, the necessary legal measures will be taken,” he said, without elaborating.
Iran has shut off the internet during the war and may be restricting reporting to hide what has been struck so far.
Turkey’s Defense Ministry said Tuesday the Patriot missile defense system is being deployed in Malatya province, which hosts a NATO radar base.
The move follows NATO defenses intercepting a second ballistic missile fired from Iran that entered Turkish airspace Monday.
The Israeli military on Tuesday reiterated the call for all residents of southern Lebanon to evacuate their homes as it planned to “operate forcefully” in the southern area against Hezbollah.
Israel issued similar warnings during its war with Hezbollah in 2003-2024, displacing hundreds of thousands of people.
The Israeli military said Tuesday it had completed a series of strikes targeting Hezbollah’s financial arm, al-Qard Al-Hasan.
Israel says Hezbollah uses al-Qard al-Hasan to finance its military activities.
Israel targeted several of the group’s branches in southern and eastern Lebanon last week.
Saudi Arabian oil company Aramco reported 2025 profits of $104 billion, down from the year before as the Iran war has seen its fields and facilities targeted.
Aramco released its annual results Tuesday. It planned to brief investors later in the day as the war that began Feb. 28 has seen Iranian drones and missiles target its facilities.
Aramco, formally known as the Saudi Arabian Oil Co., reported profits of $110 billion in 2024.
Aramco said its 2025 revenues were $445 billion, down from $480 billion in 2024.
The United Arab Emirates will lower the volume of missile alerts sent to mobile phones in the overnight hours.
The UAE’s National Emergency Crisis and Disasters Management Authority made the announcement late Monday night, saying that the loud blaring alarm would sound on phones from 9 a.m. until 10:30 p.m.
A standard text message chime would sound from 10:30 p.m. until 9 a.m., it said.
Egypt hiked fuel prices by up to 17% on Tuesday as the war in the Middle East sent prices of oil soaring.
According to the Petroleum Ministry the cost of a liter of diesel, which is heavily relied on for public transport, increased by more than 17%. The price of the 92-octane gasoline rose by 15% and 95-octane gasoline increased by 14%.
Flames rise from an oil storage facility south of the capital Tehran as strikes hit the city during the U.S.–Israel military campaign, Iran, Saturday, March 7, 2026. (AP Photo/Vahid Salemi)
Iraqis hold a portrait of the new successor to Supreme Leader, Ayatollah Mojtaba Khamenei at a bridge leading to the fortified Green Zone where the U.S. embassy is located in Baghdad, Iraq, Monday, March 9, 2026. (AP Photo/Hadi Mizban)
A coffin is carried during the funeral of mostly children killed in a strike Feb. 28 at a girls' elementary school in Minab, Iran, Tuesday, March 3, 2026. (Abbas Zakeri/Mehr News Agency via AP)
This image taken from video provided by Iran state TV shows Mojtaba Khamenei, a son of Iran's slain supreme leader, who has been named as the Islamic Republic's next ruler, authorities announced Monday, March 9, 2026. (Iran state TV via AP)
