loan processing
Circular Bank Statement Fraud: The New Synthetic Income Scam
Fraud in auto lending is constantly evolving — and circular bank statement fraud is the latest tactic lenders must watch for. For years, lenders have battled synthetic identities, falsified paystubs, and fake employers. Now, a more sophisticated tactic is taking hold: circular income transactions hidden within digital bank statements. This isn’t just fraud repackaged —
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defi SOLUTIONS Announces New Partnership with Informed.IQ to Automate Funding Process and Reduce Risk
defi LOS Integrates Informed.IQ’s Proprietary AI, ML Models Westlake, TX, Sept 13, 2025 — defi SOLUTIONS, a leading provider of end-to-end, SaaS loan originations, servicing, and managed servicing solutions, is pleased to announce the addition of Informed.IQ to the defi ecosystem of integration partners and lenders. Lenders will be able to seamlessly integrate Informed.IQ’s vertical
Faster Funding, Fewer Errors: Rethinking Document Verification in Lending
Loan decisioning is getting faster, smarter—and increasingly automated. Yet, for many credit unions and lenders, modernizing the funding process still comes with friction. Whether it’s the cost of integrating new technology, the burden on lean DevOps teams, or the risk of compliance and fraud exposure, traditional verification methods continue to be a bottleneck. That’s why
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Informed.IQ and Suncoast Credit Union Partner to Accelerate Funding and Dealer Satisfaction Through Low-Lift AI Integration
San Francisco, CA; May 13, 2025 – Informed.IQ, a leader in AI automation for auto finance, announces a partnership with Suncoast Credit Union, Florida’s largest credit union, to enhance funding efficiency and dealer satisfaction—without the need for heavy tech implementation. This collaboration leverages Informed’s VerifyIQ funding analyst platform to support Suncoast’s operational goals while aligning
How AI-Powered Chatbots and Intelligent Verification Are Transforming Auto Finance
Artificial intelligence (AI) is reshaping customer engagement in auto finance, but its effectiveness hinges on the quality and depth of data fueling its algorithms. By leveraging machine learning on alternative data—both structured and unstructured—AI-powered chatbots can deliver more personalized and insightful interactions. For instance, rather than offering a generic response to a borrower inquiring about
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Fraud Losses Soared to $12.5 Billion in 2024—Here’s What Auto Lenders Should Know
Consumer fraud losses surged to $12.5 billion in 2024, marking a 25% increase over the previous year, according to a new report by the FTC released this week. While the number of fraud reports has remained steady, the FTC found that the percentage of consumers who said they lost money skyrocketed—from 27% in 2023 to
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Integration-Free Automation
Solutions Integration-Free Automation Auto loan funding is complex, manual, and prone to inconsistencies—slowing down contract processing and increasing risk for lenders.Informed.IQ’s Integration-Free Automation transforms this process by bringing the power of AI-driven verification to funders without requiring IT integration. Through a simple drag-and-drop interface, lenders can instantly automate document classification, data extraction, and compliance checks,
Accelerating Loan Funding with AI: The Future of Auto Finance
Image created with AI-image generator, Midjourney The Challenge of Loan Funding Auto lenders face significant hurdles when funding loans, as they must meticulously verify applicants’ financial and personal information. This includes income verification, residence, employment, and proof of insurance—tasks that traditionally require extensive manual labor. In auto lending and leasing, lenders must also analyze deal
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