Built by practitioners with 35+ years across top-tier investment banks and leading hedge funds — because we spent decades on the other side of that invoice. 100M+ agency loans, MISMO-aligned, AI-native, and in your environment in days. Not weeks. Not a procurement cycle. Days.
Designed by veterans of top-tier investment banks and leading hedge funds — built for the institutional credit workflows they know from the inside.
Be among the first 50 users. Early access includes 3 months free on any paid tier.
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We'll reach out within 2 business days with next steps.Three data providers control structured credit. After a decade of consolidation, pricing has moved in one direction — up. Independent analysts and boutique firms pay enterprise rates for data they can't query without a team of ETL engineers. TrueABS was built for everyone they're ignoring.
Years of M&A have concentrated the structured credit data market into a single dominant franchise. Annual contracts, no self-serve, no sandbox. Budget cycles start at six figures and only go up. The underlying data? Substantially sourced from free public government filings.
Free data. 5-figure invoice. $50K – $200K / yrFlat file FTP drops. Proprietary field names and schemas requiring manual archaeology every vintage. No REST API, no cloud integration, no metadata discovery. Every team rebuilds the same ingestion pipeline from scratch.
Weeks of ETL per analystLegacy platforms were built for loan servicers and originators — not independent credit analysts, mortgage REITs, or boutique hedge funds. You pay for features you don't need and lack the query flexibility you do.
Poor fit for buy-sideTrueABS is built cloud-first on public agency sources, processed through a rigorous pipeline into a clean, MISMO-aligned semantic schema. Every field is consistent across vintages — so agents, models, and analysts can query without manual reconciliation.
Every field is MISMO 3.x aligned and consistent across all vintages — 10+ years of deep history. Our Format Registry tracks agency schema changes as versioned entries, not code patches. Your models query the same field names whether the vintage is 2003 or 2024. Bi-temporal tracking separates when the data changed from when our understanding of the format changed — every ingestion run is replayable and audit-proof, not just current-state.
MISMO 3.x · Bi-Temporal & Replayable · 40+ fields/loanAsk your data anything — in plain English. TrueABS's semantic layer means agents and analysts query the same schema without hallucinating field names or reconciling vintage formats. "90-day delinquency by servicer, GNMA, Florida, 2021 vintages?" — answered in seconds, no SQL required. Surveillance, deal summaries, cohort analysis: all AI-queryable out of the box.
Ask anything in plain English · Agentic · Semantic layerCloud-native delivery via modern open formats, data marketplace listings, and a request-driven REST API. No FTP, no proprietary client, no legacy tooling. Connect any modern analytics stack — including your AI agents and agentic workflows.
Cloud-Native · Marketplace · Request-Driven APIThe complete deal→tranche→pool→loan linkage chain — traversable in a single query. REMIC deal CUSIPs down to individual loan performance, with issuer/servicer/insurer (Party) and underlying collateral (Property) linked at every loan. This is the structural depth legacy platforms charge institutional rates for. TrueABS ships it on every plan.
Deal → Tranche → Pool → Loan · Party & Property linked · REMIC aware35+ years of front-line experience across top-tier investment banks and leading hedge funds went into every schema decision, every field name, every query pattern. We know the workflows, the edge cases, and the questions you're trying to answer — because we spent decades asking them ourselves. On the other side of that invoice.
35+ yrs institutional experience · Built for practitionersAgency releases processed within 48 hours of each monthly publication. Vintage cohort consistency guaranteed through our Format Registry — field definitions stay stable even as agency schemas evolve over decades.
Monthly cadence · <48hr lag · No stale snapshotsBuilt from the same public agency disclosures that underpin every competing product — processed into a single, consistent analytical schema.
Origination characteristics (FICO, LTV, property type, occupancy, purpose, DTI) plus 12 monthly performance fields including delinquency, UPB, modification, and liquidation events.
The deepest single-agency loan-level dataset available. 27 monthly performance fields including zero-balance codes, repurchase flags, and MI recoveries — more granular more granular than what legacy platforms expose to non-enterprise subscribers.
Loan-level performance and payment history for FHA, VA, and USDA programs, plus pool-level factor updates, REMIC tranche allocations, and servicer/issuer attributes. Government mortgage analytics without a proprietary terminal or platform dependency.
SEC-mandated ABS-EE XML loan-level data for non-agency RMBS issuances post-2015, linked to deal and tranche CUSIPs extracted from 424B5 prospectuses via an LLM extraction pipeline. Deal structure, waterfall triggers, and collateral stratifications — in active development.
Pair FIO's ZIP-level homeowners insurance nonrenewal data with agency loan performance — joined at state level directly, MSA level at the pool, and statistically inferred at the loan level. Estimate current LTV via FHFA HPI, overlay FEMA hazard scores, benchmark against HMDA originations. No other platform at this price combines these layers.
Resolve any tranche — nested across sub-tranches and platinum pools to any depth — into a flat leaf-pool weight table that always sums to 1.0, then join straight into loan-level FICO, CPR, and geographic concentration. One call, no incumbent exposes this depth of structure today.
Complete deal-to-loan traversal, queryable in a single call — with issuer/servicer and underlying collateral attached at the loan level. This is the structural depth legacy platforms charge institutional rates for — TrueABS ships it on every plan.
Even the modern cloud-native alternatives stop at the pool level — no REMIC structure, no tranche→pool→loan linkage, no non-agency coverage. That ceiling is exactly where TrueABS starts.
SQL, Python, or natural language — TrueABS is built so analysts and AI agents can query without schema archaeology. A request-driven, metadata-discovery architecture means no batch jobs, no waiting, no data wrangling.
Full platform walkthrough — SQL, natural language queries, and API access in under 5 minutes.
Every path runs on the same Format Registry — 10+ years of agency format history no competitor has reconstructed, bi-temporal and audit-proof by design. Pick the deployment model that fits your team, then the coverage tier that fits your book.
| Deployment Model | Starter | Core | Full Agency + Enrichment | Enterprise |
|---|---|---|---|---|
| Recommended Managed Snowflake Delivery We push MISMO-aligned data into your own Snowflake account, Dagster keeps it current on a maintained cadence — no devops on your side. | $8K/yrGNMA only | $20K/yrGNMA + FNMA | $35K/yrAll 3 agencies + FHFA HPI / FIO enrichment | CustomBackfill, custom schema, dedicated delivery SLA |
| Managed Cloud Delivery Same operating model as Managed Snowflake Delivery — we run the Dagster pipelines, nothing runs on your infrastructure. We land Parquet in your own S3 / ADLS / GCS, then materialize staging and semantic tables on your chosen warehouse (Redshift, Synapse, BigQuery, Databricks). Unlike Snowflake's single COPY INTO target, that's a bespoke load process per platform — the reason this tier costs more. | $15K+/yrGNMA only | $35K+/yrGNMA + FNMA | $50K+/yrAll 3 agencies + FHFA HPI / FIO enrichment | $75K+/yrCustom agency coverage + semantic layer |
| Future Hosted TrueABS Query via REST API — we'd operate the pipeline, the data, the uptime SLA, and the hosting compute ourselves, same cost burden as Managed Cloud Delivery rather than Managed Snowflake Delivery (where the customer's own Snowflake compute covers it). Priced the same as Managed Cloud Delivery as a result. Floors, not final. Planned, not yet available. | $15K+/yrGNMA only | $35K+/yrGNMA + FNMA | $50K+/yrAll 3 agencies + FHFA HPI / FIO enrichment | $75K+/yrCustom agency coverage + semantic layer |
Managed Snowflake Delivery and Managed Cloud Delivery are available now. Hosted TrueABS is a planned future offering — a hosted query layer with an uptime SLA is the heaviest lift of the three, and it's not where we're starting. Talk to us about which fits →
We're onboarding a limited cohort of private beta users. Rigorous data, AI-native queries, and institutional coverage — waitlist subscribers receive 3 months free on any paid tier.
Early access includes 3 months free on any paid tier.
You're on the list!
We'll be in touch within 2 business days.