Crescent Bank Partners with Informed.IQ To Simplify the Lending Process for its Auto Dealers
Informed.IQ, provider of AI-based software that verifies consumer credit and auto applications, enables Crescent Bank to better serve their dealers with ai-driven automation, making it easier to submit documents, clear stipulations, speed the lending process and ensure timely funding. They’ll receive accurate consumer income calculations and validation of applicant data, faster, more accurate loan processing and reduced fraud risk.
With this new operational enhancement Crescent Bank, continues to offer cost effective solutions for dealers while maintaining exceptional customer service and growing their lending footprint nationwide. Lowering the cost of credit by automating verifications improves their ability to support consumers and dealers.
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“Partnering with Informed.IQ ensures we are keeping up with digital technology while enabling us to focus on personal relationships with our customers and making a better experience for our dealers,” said Geoff Benedict, SVP – Head of Lending, Crescent Bank.
Informed’s AI and modeling perform complex calculations ensuring accuracy, identifying omissions, and combating fraud. With a 99% accuracy rate and guaranteed service rates, dealers can focus less on collecting and validating data and more on developing strong customer relationships.
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“Crescent Bank is a great example of a forward-thinking bank leveraging cutting edge technology to better serve their dealers,” said Justin Wickett, Informed.IQ CEO. “They understand the importance of improving the dealer and customer experience.”
Informed.IQ’s technology goes beyond image recognition and confirmation of the document’s contents. With real-time, no-touch loan processing capabilities, Informed enables lenders to comply with regulatory requirements and be audit-ready.
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