OCR | Informed

OCR

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

Next-level accuracy: The impact of AI on OCR in auto loan underwriting

OCR is the past, AI is the future

OCR has a long way to go, especially in the auto industry where forms change constantly and new document types are added regularly. However, by combining state-of-the-art OCR technology, with applied intelligence “learned” from a purpose-built large language model (LLM) and subject matter experts, solutions like Informed intelligently “read” the document, turn it into actionable

Next-Level Accuracy: The Impact of AI on OCR in Auto Loan Underwriting

Ep 5: OCR: What It Is And What It’s Not

Ep 5: OCR: What It Is And What It's Not

00:00/00:08:21

Ep 3: Demystifying AI

00:00/00:27:29

Leveraging Clustering for Document Layout Analysis in Machine Learning Projects

Image by Matthew Henry Informed uses machine learning and AI to help lenders streamline their lending process, lower the cost of credit, and ensure that applications are fairly evaluated. And, we do this while making loans more accessible. The underpinning technology includes a wide array of AI models. In particular, deep learning models trained on

Informed.IQ Unveils Groundbreaking Product: Non-Documentary Validation for Subprime & Full Spectrum Lenders

San Francisco, CA; July 20, 2023 – Informed.IQ, a leading provider of AI-based software that verifies, streamlines and optimizes loan processing, announced today the launch of an industry-changing product, Skip the Stip™, a non-documentary validation tool for full spectrum and sub-prime auto lenders. Skip the Stip is an AI-powered solution that harnesses the power of

Introducing Skip the Stip: Non-Documentary Validation

We are thrilled to announce the launch of an industry-changing product, Skip the Stip™, a non-documentary validation tool for full spectrum and sub-prime auto lenders. What is Skip the Stip? Skip the Stip is an AI-powered solution harnessing the power of data analytics. By integrating our comprehensive database with advanced machine learning algorithms, we accurately

How to Decide Whether to Build vs. Buy Your Software Solution

The decision to build versus buy needed software functionality is a critical one that has a big business impact. Among the many factors to weigh – cost and time are the biggest. While it is typically more expensive to buy a pre-built application rather than building functionality, the latter adds an order of magnitude in