Solutions Consumer Verifications Verifying an applicant’s information is a difficult and time consuming task. Making important decisions in loan underwriting and understanding an individual’s ability to pay, requires an accurate picture of that applicant’s total income. Best in class solutions run complex ML/AI models to classify and extract information off documents in a matter of seconds. This […]
This is the first in a series of Informed blogs about motor vehicle/voluntary protection products (VPPs). When consumers go to a car dealership, they often buy supplemental services and protections for their cars commonly called voluntary protection products (VPPs). Cars are expensive and these services appeal to consumers wishing to protect their investment. To better
I had the opportunity to attend the Consumer Lending Roundtable at the recent CUNA Lending Council Conference in Denver. There was a goldmine of insights and strategies. Here are some key takeaways: Consumer Lending Roundtable Centralizing Lending: Many credit unions are shifting towards centralized lending to minimize branch-level friction. A notable strategy includes enabling branch
AI-generated image from Midjourney representing Informed’s compliance We help many of the nation’s largest lenders automate the review and processing of loan applications. And a big part of what we do is assure Informed’s compliance solutions are up to date with federal and state regulations. Informed’s compliance verifications use advanced machine-learning techniques to read deal
PRODUCTS Dealer Verify Dealers Collect Documents and Clear Stipulations in Real Time What is Dealer Verify? Dealer Verify is an AI-powered tool that enables auto dealers to clear stipulations in real time via digital document collection and instant, automated verifications. Dealer Verify enables up front, accurate income calculations and validation of consumer data at underwriting,
Solutions Tenant Income Screening What does Informed do for Tenant Income Screening? Informed speeds up income verifications for property managers and landlords using Artificial Intelligence (AI) and Machine Learning. With Informed, they can verify income from applicant documents in real time, eliminating the manual work needed to confirm an applicant can actually afford their unit.
What’s the issue? The volume of document-centric processes rises and falls throughout the year as the workload modulates from season to season. Lenders have high volumes of documents to process towards the end of the month, quarter, year and during tax season. But, certain months have low volumes making it almost impossible to scale/calibrate human