Overview
Informed uses AI and ML to instantly verify income, assets, residence, insurance, auto stipulations, credit stipulations and more, enabling real-time, reliable credit decisions without bias. Informed's ML models are trained to process hundreds of document types and consumer-permissioned data sources, automating stipulation clearance for lenders. In 2022, Informed processed over 4 million consumer credit applications for major US lenders, automating over $110 billion in loan originations to date. Informed.IQ automates verifications with 99% accuracy in seconds with no humans-in-the-loop. Originally focused on auto lending, where six of the top ten auto lenders use the solution, financial institutions now use Informed for mortgages, credit cards, personal and student loans, and automated bank account openings.
Highlights
- Improved efficiency and accuracy in the consumer lending journey, reduced operating expenses, and improved fraud detection capabilities. Informed helps customers classify, extract and verify information using OCR and AI models across hundreds of different document types.
- Allows automotive lenders (both direct and indirect) to straight through process loans in real-time. Taking a process that has historically taken months or weeks into a matter of seconds.
- Informed.IQ offers products that can cover your entire lending ecosystem. From application, decisioning, credit underwriting, and funding, Informed.IQ has a solution that fits your financial institution's unique needs.
Details
Features and programs
Financing for AWS Marketplace purchases
Pricing
Dimension | Description | Cost/12 months |
|---|---|---|
Skip the Stip | Non-documentary income validation product | $0.00 |
Informed Consumer | Automated consumer lending verifications | $0.00 |
Informed Auto | Automated dealer document and ancillary product verifications | $0.00 |
CollectIQ | Consumer facing document collection tooling | $0.00 |
Vendor refund policy
No refunds
Legal
Vendor terms and conditions
Content disclaimer
Delivery details
Software as a Service (SaaS)
SaaS delivers cloud-based software applications directly to customers over the internet. You can access these applications through a subscription model. You will pay recurring monthly usage fees through your AWS bill, while AWS handles deployment and infrastructure management, ensuring scalability, reliability, and seamless integration with other AWS services.
Support
Vendor support
Private Offer negotiation only for this product. Please complete the registration process or please contact us at info@informediq.com .
AWS infrastructure support
AWS Support is a one-on-one, fast-response support channel that is staffed 24x7x365 with experienced and technical support engineers. The service helps customers of all sizes and technical abilities to successfully utilize the products and features provided by Amazon Web Services.
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