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Knowledgeable.IQ’s platform has powered mortgage originations exceeding $350 billion for seven of the highest ten U.S. auto lenders
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Prospects understand double-digit million-dollar ROI powered by Knowledgeable.IQ’s proprietary knowledge edge in fraud detection and streamlined verification processes
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Funding accelerates growth into mortgage, client lending, tenant screening, and authorities profit administration
Knowledgeable.IQ, the chief in AI-powered mortgage verification and fraud prevention, introduced a $63 million development fairness funding from Invictus Progress Companions (“Invictus”). Trusted by the nation’s largest banks, Knowledgeable.IQ delivers category-defining agentic AI that verifies l**** and stops fraud. The corporate has confirmed its platform at scale and serves seven of the highest ten U.S. auto lenders. Knowledgeable.IQ has supported greater than $350 billion in mortgage originations with industry-leading accuracy and velocity, shortening mortgage closing timelines from days to minutes. The brand new funding accelerates Knowledgeable.IQ’s growth in auto finance, and helps its strategic entry into mortgage, client lending, tenant screening, and authorities profit administration.
The funding from Invictus comes as Knowledgeable.IQ continues to unravel one of many lending {industry}’s largest challenges with its distinctive platform. Based on Equifax, client non-mortgage write-offs surged 145% in 2024 in comparison with 2021 ranges, whereas estimated auto lending fraud loss publicity exceeds $7.9 billion.
“Westlake takes fraud very severely,” mentioned Ian Anderson, President of Westlake Monetary Companies, a technology-first diversified client lender which continues to considerably enhance revenue margin utilizing Knowledgeable.IQ’s providers. “Knowledgeable.IQ’s AI helps us determine GenAI-fabricated client purposes and stop losses within the double-digit tens of millions per yr.”
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Knowledgeable.IQ’s distinctive dataset spans over two billion lending knowledge factors from greater than 100 million mortgage paperwork, creating an unmatched intelligence community throughout the nation’s largest monetary establishments. This knowledge benefit allows Knowledgeable.IQ to detect fraud patterns and automate verification processes that no different vendor can match.
“Lenders are capturing extra l**** with their present employees,” mentioned Justin Wickett, CEO and Co-Founding father of Knowledgeable.IQ. “We’ve constructed the {industry}’s most complete lending intelligence platform, enabling quicker, extra correct verification and fraud detection that beforehand was going uncaught, contributing to the rise in losses. This funding from Invictus validates our method and can gasoline our subsequent part of development.”
Knowledgeable.IQ’s development is guided by its mission of bridging intelligence throughout monetary establishments utilizing AI whereas releasing up back-office employees and mitigating fraud losses for mortgage originators. This, mixed with the corporate’s expertise in auto lending, makes Knowledgeable.IQ uniquely positioned to energy AI fraud detection throughout different industries and drive its broader mission ahead: serving to to decrease the price of credit score utilizing AI for real-time transparency, higher monetary inclusivity, and improved compliance.
“The nation’s largest lenders belief Knowledgeable.IQ’s AI-first platform,” mentioned John DeLoche, Co-Founder and Managing Associate at Invictus. “Their dataset is a real differentiator. We’re honored to work with Justin and the crew to speed up product innovation for his or her clients and increase these advantages into new markets.”
Knowledgeable.IQ’s complete end-to-end lending suite delivers outcomes at enterprise scale and reliability throughout the whole lending lifecycle from pre-underwriting by servicing. These built-in AI fashions allow multi-source, multi-industry verification with one purpose: detect and stop fraud throughout all lending levels whereas enabling straight-through processing for certified l**** because the addressable marketplace for AI-powered verification providers approaches $6 billion.
“What stood out about Knowledgeable.IQ is that they incorporate years’ price of historic mortgage efficiency knowledge when coaching their fashions,” mentioned William Nettles, Co-Founder and Managing Associate at Invictus. “We backed them to deliver this degree of forensic precision to the mortgage and authorities sectors the place the price of verification errors is the best.”
Invictus will be a part of Knowledgeable.IQ’s sturdy investor group, which incorporates early traders Nyca Companions and US Enterprise Companions.
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