The Role of Digital Document Collection in Fraud Prevention
The Role of Digital Document Collection in Fraud Prevention Read More »
Last week, NADA 2024 in Las Vegas, drew over 23,000 attendees. Auto dealers explored new technology and engaged with lenders and vendors. A standout session focused on the combined power of AI and human capital, particularly featuring female leaders. On Friday, NADA experts and industry leaders engaged in rapid 20-minute sessions, while Steve Greenfield, CEO
PRODUCTS Human-in-the-Loop (HITL) 100% Extraction Rates What is Human in the Loop? Informed has augmented its best-in-class AI for extractions, verification, and fraud detection with Human-In-The-Loop (HITL). HITL enables operations staff, at Informed or the lender, to verify and correct AI-extracted data. This ensures the highest possible accuracy and completeness so lenders can automate more
PRODUCTS Informed Fights Fraud Reduce friction, win more deals and reduce fraud risk What is Fraud? Informed primarily focuses on fake or altered paystubs and bank statements, and over-stated income as key indicators or red flags for fraud. Lenders must defend against a growing list of fake paystub sites while ensuring their borrowers aren’t inconvenienced.
Informed Fights Fraud: Here is How To Protect Your Lending Business Read More »
Auto Lenders dream of the perfect deal jacket – clear proof of consumer income (paystub, bank statements), residence and insurance. And, all the right forms and notices, and required dealer documents. Unfortunately, in reality loan documentation is not so pristine. Thirty-seven percent of deal jackets have missing documents or other critical defects. When curing these
We are thrilled to announce that we are launching CollectIQ, an AI-powered tool enabling auto lenders to digitally obtain consumer documents for verifying financing requirements. What is CollectIQ? CollectIQ empowers auto dealers to instantly verify consumer data and calculate income, providing a transparent and accurate financing experience. It allows car buyers to securely provide documents
Introducing CollectIQ: the first-of-its-kind Digital Dealer Tool Read More »
First-Of-Its-Kind Analytic Tool, CollectIQ Enables Lenders to Digitally Obtain Consumer Documents to Verify Financing Requirements San Francisco, CA; August 8, 2023 – Informed.IQ, a leading provider of AI software that verifies and streamlines loan processing, announced CollectIQ, a first-of-its-kind AI-powered tool enabling auto lenders to digitally obtain consumer documents to verify financing requirements. Through accurate
PRODUCTS CollectIQ A simple, intuitive tool to collect consumer documents What is CollectIQ? CollectIQ is an AI-powered tool enabling lenders to digitally obtain consumer documents and verify data. Lenders collect the documents and data required to clear stipulations and re-hash credit decisions as needed. Through accurate income calculations and validation of applicant data, loans are
This explainer video shows you CollectIQ, Informed’s white labelled consumer-facing tool designed for auto dealers and lenders. CollectIQ enables fast, secure and compliant document collection leading to fewer delays, faster funding and a quicker path to driving that new (or new to you) vehicle. With CollectIQ, over 90% of applicants engage with the SMS and
CollectIQ – Automation Platform for Auto Dealers and Lenders Read More »