Indecomm Global Services has announced the integration of its IncomeGenius automated solution for income calculations, with
Lendsnap, a POS solution that collects borrower income and asset documents directly and securely from their source. The integration with Lendsnap provides IncomeGenius clients direct access to a borrower’s income documents and data needed for accurate income calculations. With IncomeGenius, Lendsnap clients have access to an integrated solution for calculating a borrower’s qualifying income.
“Indecomm is again raising the bar for accuracy in income calculation. The integration of IncomeGenius with Lendsnap moves the automation of income calculation to the point of sale and avoids intermediary and error-prone input,” said Rajan Nair, Chief Executive Officer, Financial Services for Indecomm Global Services. “This is especially timely given Fannie Mae’s Day One Certainty focus on data from the source of truth. Lenders can expect a reduction in fraud, enhanced origination throughput and efficiency, as well as an improved borrower experience.”
Lendsnap is integrated with major payroll and tax filing companies who provide access to borrower paystubs, W-2s, tax returns and 1099s. The integration delivers a seamless data stream, automatically pushing authoritative and secure original income documents and their underlying data to IncomeGenius. This process is more secure than email or scanned documents. It is also faster and offers a more accurate path through underwriting.
“The integration of Lendsnap and IncomeGenius extends the value of our POS solution and offers our customers greater confidence in income calculations,” said Orion Parrott, Founder of Lendsnap. “Income calculations are tedious and occasionally uncertain but IncomeGenius’ automated solution will remove these constraints for our customers.”
