Informed.IQ Announces Hiring of Senior Executive Focused on Increasing Auto Lending Automation

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Jessica Gonzalez

“As a seasoned automotive industry professional, Jessica understands the needs and pain points of automotive lenders and dealerships.” CEO Justin Wicket

Informed.IQ, a technology company used by financial institutions to instantly and accurately verify loan origination data and documentation, announced the arrival of veteran auto finance executive, Jessica Gonzalez. Ms. Gonzalez was most recently senior vice president of digital transformation at Santander Consumer and joined as director of automotive at Informed.IQ. Informed.IQ has become the fastest growing automation software provider for the auto finance industry and now counts the majority of the nation’s major auto lenders among its customers.

With more than 15 years of experience in the financial services industry, including tenures at Santander Consumer USA and Visa, Gonzalez will be responsible for expanding Informed.IQ’s automotive market share. It will be instrumental in increasing productivity for auto lenders using Informed.IQ’s proprietary machine learning and artificial intelligence technology.

“We couldn’t be more excited to have Jessica join our Informed.IQ team,” said Justin Wickett, CEO of Informed.IQ. “As a seasoned automotive industry professional, Jessica understands the needs and pain points of automotive lenders and dealerships. Her most recent success working on digital transformation for a respected automotive lender makes her an ideal fit for our senior team of technologists.”

The company processes 100,000 inquiries each month and works with companies like Ally and Westlake Financial as well as major national retailers and dealer groups. More recently, Informed.IQ added unsecured personal lenders, student loan providers and mortgage lenders to its list of clients. The solution has historically been used by lenders who want to make faster, more accurate decisions and increase origination volume without adding significant headcount.

“I believe Informed.IQ’s technology delivers what auto finance needed and has been striving for over the past decade: an AI-powered solution to help minimize time and efforts required for a car buyer to obtain a loan. I’ve had the opportunity to meet many companies in this space, and Informed.IQ brings the ability to truly transform the way auto finance does business,” said Jessica Gonzalez.

Informed.IQ’s technology goes beyond image recognition and confirmation of information contained in the document. The software can compare buyer data against a database of 25 million records, allowing Informed.IQ to verify many data points. Some of this data may include comparing pay stubs with a database of fraudulent patterns, verifying that the buyer’s income is comparable to others in their occupation and geography, and interpreting deductions 401K or overtime earned, which indicates the borrower will be a responsible lender. . All of these analyzes and more are done in seconds. In addition to providing real-time straight-through processing capabilities, Informed.IQ enables lenders to comply with regulatory requirements and be audit-ready, since all loan processing is performed accurately and consistently through the AI software.

About Jessica González:

Jessica Gonzalez is an award-winning business leader and change agent with over 15 years of experience driving digital transformation and continuously improving financial and operational systems through a blend of process innovation, cutting-edge fintech solutions and targeted training and performance management initiatives. . Throughout her career in sales, operations, risk management and program management at Fortune 100 finance leaders (Santander Consumer and Visa), Jessica has leveraged the best technologies as well as best practices to create digital roadmaps focused on operational excellence, customer engagement and risk management.

About Informed.IQ:

San Francisco-based Informed.IQ uses machine learning and artificial intelligence technologies to instantly verify income, assets, residency, insurance and other consumer data points, enabling decisions real-time and more reliable credit, better compliant with fair lending laws. Informed.IQ’s machine learning models are trained to process hundreds of different document types and data sources authorized by consumers, thereby automating the authorization of stipulations for lenders. In 2020, Informed.IQ processed nearly one million consumer credit applications for several major U.S. lenders, automating over $91 billion in loans to date. Informed.IQ’s AI automates verifications with 99% accuracy in seconds without human intervention in the loop. Originally focused on auto loans, where five of the top ten auto lenders use Informed.IQ, financial institutions are now using Informed.IQ’s technology to help offer mortgages, credit cards, and automated bank account openings to their customers. Informed.IQ was founded in 2016 and raised $20 million in the spring of 2021 from notable investors including Nyca Partners and US Venture Partners, among others.

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