Using economic indicators, advanced machine learning, and our unique data from our Peer Lender Network to reduce your income verification costs and times.
Accurately predict income overstatement. Spring Lab’s Unique Data Assets + Reinforced Machine Learning = Unrivaled Accuracy & Coverage.
Credit-seeking individuals often apply for multiple loans. Income verification becomes duplicative if a peer lender recently verified the borrower's income.
Using Spring Labs' secure data network allowing institutions to exchange sensitive data through patented tokenization and matching technologies.
Access Previously Unavailable Data
Companies mutually benefit from sharing information without revealing any sensitive data
Ensure customers and users retain control of their PII data
Match rate, data points, and verification methods continuously improve as the network grows
IMI tracks the temporal behavior of income misrepresentation, helping you anticipate upticks.
=> Focus on the applications that impact your bottom line
Traditional income data is backward-looking and misses economic trends that are likely to affect the ability to repay a loan.
ISI has solved key challenges in aggregating previously-siloed employer/business, geographic, and industry data sources in order to forecast employer stability in real-time.