Informed

Informed provides instant, automatic verifications of consumer credit & auto applications
with 99% accuracy leveraging AI and machine learning. The SaaS solution is used by the nation’s largest financial institutions, partners, mid-size lenders and credit unions to fund in real-time when applicants cannot be verified through traditional data sources. Verifying income, assets, residence, insurance, auto and credit stipulations, enables fast, reliable credit decisions with reduced bias. Informed models process hundreds of document types and consumer-permissioned data sources, automating stipulation clearance.

FIs use Informed in their existing workflow to fund more loans more quickly, reduce costs associated with manually reviewing documents, increase look to book, reduce opex, catch fraud, and reduce errors in loan originations.

Informed analyzes credit applications, verifying all supporting documents in loan jackets, including promissory notes, installment sales contracts, titles and appraisal guides for 125,000+ applicants per month. We regularly back-test performance against 50 million records in the contributory database we maintain for the industry.

Last year, Informed processed ~4 million consumer credit applications, automating $110+ billion in loan originations to date. Originally focused on auto lending, where six of the top ten auto lenders use Informed, the solution is used for mortgages, credit cards, personal and student loans, and automated bank account openings.