verifications

Consumer Verifications for Lenders

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

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How to get more deals without increasing risk: The Power of a Dealer Portal with Integrated Digital Tools

A dealer portal combining non document verification and document verification in a waterfall with digital collection tools and dealer rewards provides several benefits that contribute to improved JD Power and CSAT (Customer Satisfaction) scores and enhanced capture rates. Documentary and non-documentary validation are two different approaches to applicant validation that are beneficial for auto dealers

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Informed.IQ Launches AI-Powered Copilot and Human-in-the-Loop Services to Streamline Lenders’ Operational Processes

San Francisco, CA; December 14, 2023 – Informed.IQ, leading provider of AI-software that verifies, streamlines, and optimizes loan processing, unveiled today its new suite of Human-in-the-Loop (HITL) offerings. Informed has augmented its best-in-class AI for extractions, verification, and fraud detection with a Human-In-The-Loop copilot. The copilot supercharges loan officers, making them more efficient and ensuring

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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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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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From Hallucination to Validation: Optimizing ChatGPT for Employer Name Matching

In a previous blog post, we discussed leveraging ChatGPT to improve employer name match — a critical task in employment verification.  Now, we are thrilled to share further insights into the intricacies of employer name matching. By leveraging the power of large language models (LLMs) like ChatGPT, we have achieved even greater performance in identifying

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CollectIQ Launch Blog

Introducing CollectIQ: the first-of-its-kind Digital Dealer Tool

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

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New: American Banker - Sharing information = best defense against AI fraud

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