Skip to main content

Indecomm’s IncomeGenius Releases New Multi-Partner Integration

Mar 23, 2018
Indecomm Global Services has announced that it has released a new three-way technology integration for its IncomeGenius automated solution

Indecomm Global Services has announced that it has released a new three-way technology integration for its IncomeGenius automated solution for income calculations with partners LendingQB, a provider of Web-based, end-to-end loan origination software (LOS), and Advanced Data, a provider of fraud prevention and enhanced verifications. With this new three-way product integration, mortgage lenders who are mutual clients of LendingQB, Advanced Data, and IncomeGenius now benefit from seamless access to tax transcript data obtained from the source.
 
“Accessing data at the source to review assets and income is an important step to minimizing the risk of fraud or gaps in documentation-based calculation,” said Rajan Nair, Chief Executive Officer, Financial Services, Indecomm Global Services. “Mortgage lenders utilizing LendingQB, Advanced Data, and IncomeGenius will have the vital ability to obtain the tax transcript directly from the source, delivering an even more reliable and accurate income calculation, with a simplified process.”
 
IncomeGenius’ automation-driven platform adds certainty and simplicity to the challenge of self-employed borrower calculations. Prior to this, IncomeGenius was integrated with LendingQB and Advanced Data independently. The Web-based integration of documents and data from LendingQB to IncomeGenius provides an effective way for clients to improve their underwriting process. It simplifies the task of calculating income for self-employed borrowers and highlights problem areas requiring the underwriter’s attention. Mutual clients of Advanced Data and IncomeGenius digitally use tax return transcripts through IncomeGenius, using Advanced Data’s Income Tax Verification (ITV) service. That data is then combined with other borrower income data within IncomeGenius, to create a complete income analysis. The integration between the three systems benefits mutual clients with loan origination in LendingQB, income tax verification with Advanced Data, and income calculation with IncomeGenius.
 
“Indecomm and Advanced Data provide unique technology that further a lender’s goal to automate and adopt a digital mortgage lending process,” said David Colwell, VP of Strategy at LendingQB. “Our three-way integration connects their innovative products and services directly to the mortgage workflow, delivering a real impact to productivity and efficiency. It is the very definition of a synergistic partnership.”
 
Allen Johnson, CEO of Advanced Data Corporation, said, “As an Approved Report Supplier for Day 1 Certainty (from Fannie Mae), providing income data for IncomeGenius through LendingQB reflects our reputation for delivering innovative, high-quality products to the mortgage industry. This integration helps us deliver on our ongoing commitment to provide our clients with competitive advantages and great customer service.”


 
 
About the author
Published
Mar 23, 2018
More from
Tech
Automation Attracts Investors Who Love Homogenous Loan Pools

Human-free underwriting promises to expand primary and secondary, non-agency markets

May 02, 2024
Raising An Ai Brainchild In The Mortgage Industry

Angel Ai takes on the next five years with a new ‘do and functions to boot

May 02, 2024
NAR Partners With SoFi

NAR members and their clients can receive exclusive rates and discounts on mortgages, student loan refinancing and personal loans.

Apr 09, 2024
Floify President and GM Advising Broker Action Coalition

Sofia Rossato appointed as a vendor advisor to new non-profit

Apr 03, 2024
When, Where, And How To Incorporate AI Into Your Mortgage Business

The impacts and future implications of artificial intelligence and generative AI

Mar 28, 2024
How InstaAI Transforms Loan Officers' Efficiency And Performance

By building a first-of-its-kind GenAI solution, InstaMortgage continues to redefine industry standards

May 07, 2024