income verification

Verifying Income

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 software uses AI and machine […]

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Verifying Bank Statements and Self-Employed Income in Realtime: A Game Changer for Dealer Portals

AI-generated image from Midjourney representing an auto dealer doing manual paperwork Calculating income from bank statements and self-employed applicant’s income has traditionally been a time-consuming, manual process often leading to errors and delays in decision-making. Lenders are now adopting new technology allowing dealers to access instantaneous validation, ensuring accuracy and efficiency in their financial assessments

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Human-in-the-Loop

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

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Informed Fights Fraud

PRODUCTS Informed Fights Fraud Reduce friction, win more deals and reduce fraud risk What is Fraud? Informed primarily focuses on fake paystubs 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. The last thing a lender

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Informed.IQ Launches Dealer Verify, a new tool leveraging AI to Enhance the Auto Dealer Experience and reduce Contracts in Transit

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

Informed.IQ Launches Dealer Verify, a new tool leveraging AI to Enhance the Auto Dealer Experience and reduce Contracts in Transit Read More »

Dealer Verify

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,

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Fake Paystubs, Overstating Income, Bank Pullouts Plague Auto Financing

The Informed team was thrilled to be featured in the recent Forbes article, “Fake Paystubs, Overstating Income, Bank Pullouts Plague Auto Financing” by Ed Garsten. Ed interviewed executives from Informed.IQ and Tenet.com for their views on how these issues are impacting indirect auto lenders. The story started: Auto shoppers looking to finance their next vehicles

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Master the automation of document verifications

Master the automation of document verifications

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

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Informed.IQ unveils CollectIQ: Digital Dealer tool using Comprehensive AI to Electronically Collect and Verify Car Buyer Data

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

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Informed named to the Software Report's Top 25 AI Companies for 2024

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