Private Beta: Limited Early Access Available

Ground-Truth Asset-Backed Securities Data
For Investors Who Need Enterprise-Grade Data, Not an Enterprise Budget.
Rigorous by Design. AI-Native by Default.

Built by practitioners with 35+ years across top-tier investment banks and leading hedge funds. 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. And as your needs grow, you get more coverage and deeper insight. No enterprise contract required.

100M+
Agency Loans
10+ yrs
Deep History
Days
To Integration
5–10x
Less Than Legacy

Designed by veterans of top-tier investment banks and leading hedge funds, built for the institutional credit workflows they know from the inside.

Request Early Access to TrueABS

Be among the first 50 users. Early access includes 3 months free on any paid tier.

No credit card required · Limited spots available

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We'll reach out within 2 business days with next steps.
TrueABS currently covers Fannie Mae Freddie Mac Ginnie Mae MISMO 3.x Aligned Cloud-Native Delivery

The Incumbents Work for the Top 20 Firms. What About Everyone Else?

A small number of legacy 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.

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Consolidated Market, Monopoly Pricing

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 / yr
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Proprietary Formats, Zero Developer Ergonomics

Flat 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 analyst
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Designed for Servicers, Not Analysts

Legacy 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-side
Status Quo
Agency Data Platforms $50K–$200K/yr · Enterprise contract · Proprietary access only
Loan Performance Databases $30K–$150K/yr · Annual lock-in · Proprietary schema, no API
Terminal-Based Analytics $40K+/yr · Proprietary terminal dependency · Per-seat pricing

Rigorous Data. AI-Ready Schema.
A Fraction of the Cost.

TrueABS 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.

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Rigorous, Semantic Data Model

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/loan
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AI-Native by Design

Ask 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 layer
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Cloud-Native Access

Cloud-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 API
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Full Structural Hierarchy

The 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 aware
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Practitioner-Designed, Inside Out

35+ 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 practitioners
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Continuously Updated, Never Stale

Agency 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 snapshots

Coverage That Matters

Built from the same public agency disclosures that underpin every competing product, processed into a single, consistent analytical schema.

FNMA

Fannie Mae Single-Family

28M+ loans
1999 – present · Monthly performance updates · Full origination cohorts

Origination characteristics (FICO, LTV, property type, occupancy, purpose, DTI) plus 12 monthly performance fields including delinquency, UPB, modification, and liquidation events.

FICO / LTV Delinquency Prepayment Modification Loss Severity UPB Property Type Vintage Cohort
FHLMC

Freddie Mac Single-Family

55M+ loans
1999 – present · Monthly performance · Largest agency dataset

The deepest single-agency loan-level dataset available. 27 monthly performance fields including zero-balance codes, repurchase flags, and MI recoveries, more granular than what legacy platforms expose to non-enterprise subscribers.

Credit Score Zero-Balance Codes MI Recovery Repurchase Flags ARM Rate Resets Servicer Name MSA
GNMA

Ginnie Mae (FHA / VA / USDA)

11M+ loans
Monthly loan-level performance · Pool factors · REMIC / MBS disclosure

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.

Delinquency Pool Factors FHA / VA / USDA REMIC Disclosure Issuer / Servicer WAC / WAM
Full Structural Depth REMIC Deal Tranche / Class Pool(s) Loan-Level
Linked At Every Loan Party (Issuer / Servicer / Insurer / Borrower) Property (Collateral)

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.

Query 100M+ Loans. Ask in Plain English.

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.

trueabs — query console

Query Builder

Point-and-click field selection, filters, and grouping. No schema lookup required, with results and the generated SQL rendered instantly.

Agentic Prompt Through Bounded Curated Data Contexts

An AI agent queries the same data, scoped to a curated semantic context. No hallucinated schema, no out-of-bounds tables.

Interactive API Docs (Swagger / OpenAPI)

Every endpoint is documented and callable straight from the browser. No Postman collection required.

"30 seconds. Not 3 weeks of data wrangling." What analysts say when they first query 100M+ loans on TrueABS.

Get Access to TrueABS Before We Launch

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.