Solutions Verifying Income AI verifications for income and employment with 99% accuracy Stated income is notoriously falsified and unreliable. Paycheck stubs and bank statements are easily forged. Income calculation is complex, and humans make mistakes – the more manual processes in place, the greater compliance and fair lending risk. Our income document intelligence uses AI
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.
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AI-Based Tool Enables Dealers to Verify Income and Clear Consumer Stipulations in Real Time to Streamline Loan Originations San Francisco, CA; October 30, 2023 – Informed.IQ, provider of AI-based software that verifies, streamlines, and optimizes loan processing, today announced Dealer Verify. This new tool enables auto dealers to clear stipulations in real time through digital
Over the years, there’s been a desire to automate underwriting – the ability to return credit decisions in seconds. Many Loan Origination Systems (LOS) providers have invested in capabilities to help their auto lending clients achieve automated decisioning. These include: pulling 3rd-party data, consumer scoring based on lender-specific credit models, and appropriate deal pricing. The
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 »
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
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
