Tax Guard and Lama AI Partner to Automate IRS Tax Verification in Commercial Lending
Tax Guard, a Cogency Global company, has announced a partnership with Lama AI to integrate verified IRS tax transcripts directly into automated lending workflows. The collaboration aims to streamline the loan origination process for commercial lenders by using AI agents to initiate, retrieve, and reconcile tax data. The integration is designed to address common friction points in lending, such as manual reconciliation errors and delays caused by incomplete borrower information. By automating these tasks, the partnership claims it can reduce manual workloads by 95% and cut end-to-end processing times by 80%, while ensuring human oversight remains central to credit decisioning.
Topics: AI in lending Fintech partnership Small business lending Tax data automation