Consumer Portfolio integrates Informed.IQ’s Dealer Verify into loan origination

Consumer Portfolio Services announced the integration of Informed.IQ’s Dealer Verify tool into its loan origination process. This advanced AI-driven solution enhances the dealer experience by automatically verifying stipulations, improving capture rates, and reducing contracts-in-transit. CPS has consistently focused on leveraging technology to enhance its operations across the subprime auto lending cycle. For years, CPS has utilized AI and machine learning to streamline its underwriting processes, improve risk management, and optimize dealer performance. The Company’s proprietary AI-driven models have enabled the approval of higher-quality loans, resulting in better credit performance, enhanced collections, and stronger portfolio growth. With the integration of Dealer Verify, CPS is further expanding its use of AI to improve dealer efficiency. By automating the collection and real-time verification of key consumer stipulations-such as proof of income, bank account statements, and other necessary documents-Dealer Verify enables CPS dealers to process loans more quickly and accurately, reducing delays, minimizing fraud risk, and enhancing customer satisfaction.