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OCR is the past, AI is the future

OCR has a long way to go, especially in the auto industry where forms change constantly and new document types are added regularly. However, by combining state-of-the-art OCR technology, with applied intelligence “learned” from a purpose-built large language model (LLM) and subject matter experts, solutions like Informed intelligently “read” the document, turn it into actionable […]

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Deciphering Aftermarket Products: Leverage AI to better understand your deal jackets

In auto finance, retail installment sales contracts (RISCs) outline the terms and conditions agreed between credit applicant, auto dealer, and lender. A crucial part of this contract is the section, “Itemization of Amount Financed.”  Furthermore, this is where the contract displays the details: sales price, taxes or fees, and any aftermarket products (VPPs) the borrower

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Tracking the Auto Industry’s Response to AB 2311 GAP Waiver Requirements

Industry’s response to California’s new GAP waiver law, AB 2311, offers a textbook case in how to address complex regulations on a rushed timeline – and how Informed.IQ can help. Assembly Bill 2311 For those not familiar, AB 2311 imposes even more restrictions on the sale of Guaranteed Asset Protection (GAP) waivers as part of

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Dallas Auto Week Recap

The Informed Team is just back from an event we dubbed “Dallas Auto Week.” The AFSA Vehicle Finance Conference and the 2023 NADA Show ran back to back, making it easy for the team to hit both events. We were excited by the energy at the events and energized for the year ahead. Below are

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Just Released: Auto Loan Defect Industry Survey Report

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