Generative speech enhancement models can produce cleaner and more natural-sounding speech than conventional discriminative approaches, but may hallucinate by changing speech content or speaker identity, even with transcript conditioning. We present AuraSE, a flow-matching framework that addresses hallucination through complementary modality and inference designs. First, a double-stream-to-single-stream multimodal Diffusion Transformer (MMDiT) allows transcript and acoustic representations to interact while preserving a dedicated pathway for the degraded input. Second, we find that the best decoder configuration, governed by guidance scale, sampling temperature, and step count, varies substantially across utterances. This observation motivates Inference Policy Optimization (IPO), an online, on-policy preference optimization method. IPO generates multiple candidates from the current model under different inference configurations, ranks them with a multi-objective reward, and learns from their relative preferences. AuraSE-IPO ranks first on 11 of 12 metrics across the synthetic test sets and obtains the highest DNSMOS and blind-listening scores among the evaluated systems on the real DNS blind test set. At deployment, it uses a fixed $10$-step ODE decoder without classifier-free guidance (CFG) or per-utterance configuration search.

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