Irvine and San Francisco, CA; July 27, 2022 – Informed.IQ, provider of AI-based software to financial institutions and Origence, the nation’s leading lending technology solutions and services provider for credit unions, have announced a new partnership.
Informed.IQ will power Origence’s Document Process Automation functionality for Indirect Lending to automatically identify documents and validate financing policies, creating a better credit union, and dealer experience. Through accurate consumer income calculations and validation of applicant data, loan documents, and documented classification and stacking, loans are processed faster and more accurately, with reduced human errors and fraud risk, and added operational efficiency.
1,130 credit unions serving over 64 million members nationwide utilize Origence’s industry-leading lending technology solutions, for direct and indirect lending, including its consumer LOS arc OS (previously Lending 360), and the CUDL dealer network.
Through Origence’s 15,000+ dealer network, Informed’s technology will complement Origence’s technology to provide credit unions a way to streamline indirect loan processing, enabling faster loan funding, as well as provide dealers with a fast, convenient way to upload missing documents.
Read full release here.