Skip to main content

Indecomm Integrates IncomeGenius With Advanced Data

NationalMortgageProfessional.com
Jun 01, 2017
Indecomm Global Services has announced that it has released a new three-way technology integration for its IncomeGenius automated solution

Indecomm Global Services and Advanced Data have announced a technology integration alliance, enabling mutual clients to digitally use tax return transcripts through IncomeGenius, Indecomm’s Web-based income analysis platform using Advanced Data’s Income Tax Verification (ITV) service. That data is then combined with other borrower income data from the OCR capabilities in IncomeGenius to create a complete income analysis.
 
“At its core, Indecomm is working to apply advanced technologies and data from sources of truth in the most critical phases of the mortgage business, especially underwriting,” said Rajan Nair, CEO of Financial Services for Indecomm Global Services. “These are bottlenecks in the mortgage origination process and overcoming these constraints can enhance the efficiency of the entire system.”
 
IncomeGenius enhances the loan origination process, reducing tax return review time by as much as 50 percent. It simplifies the task of calculating income by using OCR-enabled technology, and now offers digital transcripts to provide a complete picture of a borrower’s income. The system can read and analyze borrower income documents and calculate qualifying income associated with the mortgage loan in a consistent manner. IncomeGenius alerts users of possible red flags to allow preemptive intervention.
 
“We highly value partnerships with companies like Indecomm Global Services and recognize that providing lenders a cost-effective, automated product that verifies a borrower’s ability to afford a mortgage is critical, or lenders might be exposed to unnecessary risks and compliance headaches,” said Allen Johnson, CEO of Advanced Data Corporation. “Proprietary technology and our unparalleled level of customer service in our ITV division makes this integration with IncomeGenius one that eliminates a pain point that has undermined productivity and is an important advancement for our industry.”

 
Published
Jun 01, 2017
More from
Tech
SimpleNexus Unveils Nexus Pay With In-App Payment Capabilities

SimpleNexus announced its upcoming Nexus Pay feature for mortgage loan applicants. The company is planning to do a full unveiling at the Mortgage Bankers Association's Annual Convention and Expo.

Tech
Oct 13, 2021
Redwood Trust Invests In Flock Homes Rental Ownership Platform

Redwood Trust Inc. announced its investment in Flock Homes, a rental ownership platform that converts owners into passive investors.

Tech
Oct 07, 2021
DocMagic Updates eSign Platform With Version 3.0

DocMagic Inc. launched its eSign 3.0 platform featuring enhancements to its remote notary and eClosing capabilities.

Tech
Oct 06, 2021
New CoreLogic Listing Platform Streamlines Navigation In NYC Real Estate Market

New York City has a notoriously hard-to-navigate housing market, but a better property listing platform from CoreLogic can simplify the process for new homebuyers.

Tech
Oct 04, 2021
Knock GO Aims To Make First-Time Homebuyers Cash Buyers

Knock launch of Knock GO (Guaranteed Offer), a cash-backed home loan solution for first-time homebuyers looking to compete in the housing market.

Tech
Oct 04, 2021
DataVerify And Nexsys Technologies Join Forces For Automated HOI For Lenders

New integration between DataVerify and Nexsys Technologies is looking to automate homeowners insurance (HOI) verification for lenders.

Tech
Oct 04, 2021