news and events
Indecomm Releases DecisionGenius™, An Automated Decision-Making Software for Mortgage Underwriting
Read More >Edison, NJ – Monday, March 8, 2021 – Indecomm Global Services, a leading provider of automation, outsourcing, compliance services and technology for the U.S. mortgage industry, today announced the release of DecisionGenius™, a mortgage automation solution that assesses income, credit, assets, and collateral of a borrower to deliver comprehensive decision-making for mortgage loan applications.
DecisionGenius™ is the latest release in Indecomm’s mortgage automation product suite, which includes two predecessors: AuditGenius™, a quality control and risk management software, and IncomeGenius®, an automated income calculation software. These successful platforms, already in use by leading mortgage bankers processing over one million mortgage transactions provide the foundation and intelligence for the holistic DecisionGenius™ automation approach for the mortgage middle office. Users will see all the information needed to make an underwriting decision in one place, comparing application data to sourced data to investor guidelines.
For example, a loan application file is submitted to DecisionGenius™ as it is submitted to Processing. As a result, the Processor has a clear idea of which items will meet underwriting guidelines and where the focus remains. Underwriting then has a clear roadmap into what will be needed to close the loan quickly and efficiently while providing a consistent risk reducing approach. This automated triangulation delivers the following benefits:
- Average reduction of over 60% of the time spent by underwriters in reviewing conditions, validating data and documents provided by borrowers, and/or third parties backed up by digitized data and system-driven validations.
- Average reduction of over 50% of time spent by processors preparing the file for underwriting in verifying and validating information from 1003 against documents provided by the borrower and information sourced from third parties.
- Average reduction of 50% of the number of times an underwriter touches a file.
“The development of DecisionGenius™ represents the natural progression of Indecomm’s mortgage automation maturity,” says Rajan Nair, CEO of Indecomm Global Services. “We combine income calculation and risk management information with data from the loan origination system and underwriting guidelines into the larger automated decision management framework. It is then triangulated to make the data easier to consume for decision-making. It is intelligent automation that is closer to human intelligence, improving our client’s middle-office processes and ultimately enhancing the borrower’s mortgage banking experience.”
With DecisionGenius™, mortgage lenders will be able to reduce risk with consistency in underwriting decisions; reduce cycle-time and underwriter touches; increase pull-through rates; and improve processor productivity. To learn more about DecisionGenius™ and how you can benefit from the automated combination of income, credit, assets, and collateral for cohesive, comprehensive decision-making, visit https://mortgage.indecomm.net/decisiongenius/ to schedule a demo.
About Indecomm
Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide. Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, servicers, mortgage insurers, and title companies to achieve one specific goal-to help them grow. Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates. Indecomm is a 2021 HousingWire HW Tech100 Mortgage Award Winner.
Visit us at mortgage.indecomm.net.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
Edison, NJ – Monday, March 1, 2021 – Indecomm Global Services, a leading provider of automation, outsourcing, compliance services and technology for the U.S. mortgage industry, has been named to the prestigious HousingWire 2021 Tech100 listing of the most innovative mortgage technology companies in the U.S. housing industry. The Tech100 program provides housing professionals with a comprehensive list of the most innovative and impactful companies that can be leveraged to identify partners and solutions to the challenges that mortgage lenders and real estate professionals face every day.
“We are elated to be recognized on the HW 2021 Tech100 list as one of the most innovative technology companies providing business services to the U.S. mortgage industry,” said Rajan Nair, CEO, Indecomm Global Services. “By listening to the needs of our clients, we continue to evolve our mortgage automation solutions to lower their costs while increasing their process efficiencies, staff productivity, and ROI. By continuing to seek ways to improve the mortgage loan life cycle, particularly in middle office operations of processing and underwriting, we ultimately enhance the borrower’s experience in the mortgage loan process.”
Indecomm blends mortgage expertise with technology ingenuity to carefully design solutions with the “Automation Continuum” in mind across the entire mortgage lifecycle, with pragmatic applications to mitigate inefficient processes, increase return on investment, and enhance the overall borrower experience. Spanning across the entire mortgage lifecycle with pragmatic applications, Indecomm’s mortgage automation solutions include robotic process automation (RPA), intelligent and supervised automation, and machine learning. These solutions include IncomeGenius®, AuditGenius™ and BotGenius™.
“After the uncertainty and unpredictability of last year, we expected a greater adoption of technology. However, these 100 real estate and mortgage companies took digital disruption to a whole new level and propelled a complete digital revolution, leaving a digital legacy that will impact borrowers, clients, and companies for years to come,” said Brena Nath, HousingWire’s HW+ Managing Editor. “Knowing what these companies were able to navigate and overcome, we’re excited to announce this year’s list of the most innovative technology companies serving the mortgage and real estate industries.”
“I’ve been involved in choosing Tech100 winners since we started the program in 2014, and every year it manages to get more competitive,” HousingWire Editor and Chief Sarah Wheeler said. “These companies are truly leading the way to a more innovative housing market!”
To learn more about Indecomm’s mortgage automation solutions and how you can automate your middle office mortgage workflows, visit the corporate website at https://mortgage.indecomm.net/automation-solution/.
About Indecomm
Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide. Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, servicers, mortgage insurers, and title companies to achieve one specific goal-to help them grow. Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates.
Visit us at mortgage.indecomm.net.
About HousingWire
HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0 million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
Indecomm Client UCBI Implements BotGenius™ to Automate Middle Office Mortgage Operations
Read More >Edison, NJ – Tuesday, January 12, 2021 – United Community Bank, Inc. (NASDAQ:UCBI) and Indecomm Global Services announced the successful implementation of Indecomm’s BotGenius™ suite of middle office automation solutions, a critical tool to help ensure a positive and holistic borrower experience for United Community Bank customers. BotGenius™ is a collection of software robots pre-built to emulate human computer interaction for specific, standardized middle office tasks, processes, and workflows in the mortgage industry.
Over the past several years, the mortgage industry has made substantial progress on the automation of the front and back ends of the origination process – specifically focused on borrower online experience and loan closing. However, the bulk of the time and expense in the mortgage loan origination process is in the “middle office”, or processing and underwriting. The processing and underwriting stages of the mortgage process have the greatest impact on the borrower experience and have seen the least amount of impactful automation options.
The “middle office” also provides mortgage lenders with the biggest opportunity for gaining efficiencies, yet it is the hardest part of the mortgage loan lifecycle to automate. Indecomm’s automation solutions have been carefully designed with the entire mortgage lifecycle in mind. By employing robots, or “digital workers”, BotGenius™ mitigates inefficient processes, enhances the overall borrower experience, and increases return on investment, with an estimated 40 to 60 percent cost-savings for the processes available for automation.
“In this cyclical market, Indecomm’s mortgage automation solutions have allowed mortgage lenders to align their costs with the rise and fall of mortgage loan production volumes,” said Rajan Nair, CEO, Indecomm Global Services. “Cost-efficiencies are realized by process automation through products like BotGenius™ that allow the bots to do the repetitive and high-volume work, while employees are free to review more loans. With the high demand for processors and underwriters, lenders are constantly looking for ways to automate tasks that are currently being performed by their highly compensated employees. BotGenius™ allows mortgage lenders to effectively overcome capacity, efficiency and cost challenges in a market where volumes are expected to rise further over the next year.”
“United Community Bank is laser-focused on keeping the customer at the center of everything we do and constantly looking for ways to improve the borrower experience,” said Mike Davies, President – Mortgage Services, United Community Bank. “With an immediate improvement of 25 percent in productivity time per loan, we are excited about the successful implementation of BotGenius™ and the positive impact it can deliver to our customers and employees.”
Indecomm’s collection of out-of-the-box bots are configured for a variety of mortgage workflows, including loan set-up, processing, communications, and other middle office tasks. By automating repeatable and high volume tasks like ordering 3rd party services, combined with reviews of reports (e.g., flood, fraud, credit, appraisal, etc.), validation, and generation of disclosures and adverse action communication, BotGenius™ has the potential to automate over 70% of the tasks in the loan production process. This out-of-the-box, mortgage-industry specific robotic process automation (RPA) solution dramatically reduces implementation efforts, helps lenders realize their return on investment quickly, and enables them to scale rapidly in a capacity constrained market.
To learn more about Indecomm’s BotGenius™ solutions and how you can automate your middle office mortgage workflows, visit: https://botgenius.net/.
About Indecomm
Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide. Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, servicers, mortgage insurers, and title companies to achieve one specific goal-to help them grow. Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates.
Visit us at mortgage.indecomm.net.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
Indecomm Partners With FormFree to Introduce Business Health Check, a New Way to Qualify Self-Employed Mortgage Loan Applicants
Read More >EDISON, N.J., November 10, 2020 – Indecomm Global Services, a leading provider of automation, outsourcing and compliance services and technology for the U.S. mortgage industry, has partnered with ability-to-pay fintech FormFree® to introduce Business Health Check, an automated analysis of self-employed loan applicants’ current business income and expense streams that helps mortgage lenders make better-informed loan qualification and underwriting decisions.
When assessing the creditworthiness of self-employed loan applicants, lenders must ascertain whether borrowers’ income is stable. The financial impacts of COVID-19 on small businesses and households in the United States only underscores the importance of this assessment, which has traditionally been a manual and subjective process. With the newly released Business Health Check solution, mortgage lenders gain access to intuitive analytics, trends, inferences and red flags on self-employed borrowers’ income. Calculated using Indecomm’s IncomeGenius® and validated against business bank account information via FormFree’s AccountChek®, Business Health Check provides mortgage lenders with a uniform, document-free approach that encourages consistency while reducing risk and delivering key insights.
“Mortgage lenders must review business bank account information for self-employed borrowers who provide unaudited profit-and-loss statements,” said Rajan Nair, CEO, Indecomm Global Services. “Our new Business Health Check, powered by IncomeGenius and FormFree’s AccountChek, gives lenders confidence in their underwriting decisions by adding an up-to-date view of these borrowers’ business cash flows.”
“In these uncertain times, both borrowers and lenders are looking for assurance. Borrowers want to know what they can really afford, and lenders want a rock-solid understanding of the true risk profile of every loan they originate. Business Health Check — a powerful combination of Indecomm’s IncomeGenius and FormFree’s AccountChek — delivers that assurance,” said FormFree Founder and CEO Brent Chandler.
IncomeGenius enhances the loan origination process, reducing tax return review time by as much as 50%. It simplifies the task of calculating income by using advanced data extraction technology and 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 pre-emptive intervention.
FormFree’s AccountChek provides real-time insight into borrowers’ asset, income, and employment to enable better credit decisioning and promote financial inclusion. By using augmented intelligence and over 1,000 proprietary algorithms to analyze borrower ATP, AccountChek helps lenders and borrowers skip the paper chase and reduces time to close by up to 20 days.
To learn more about Indecomm’s Business Health Check, visit the corporate website at mortgage.indecomm.net.
About Indecomm Global Services
Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide.
Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, services, mortgage insurers, and title companies to achieve one specific goal-to help them grow.
Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates.
Visit us at mortgage.indecomm.net.
About FormFree
FormFree is a market-leading fintech company whose revolutionary products AccountChek and Passport are building a more inclusive credit decisioning landscape by encouraging lenders to view borrower ability to pay (ATP) more holistically. To date, thousands of U.S. lenders and brokers have ordered millions of FormFree’s patented verification reports representing over a trillion dollars in loan verifications. FormFree delights borrowers and lenders with a paperless experience, reduces origination timelines by up to 20 days and offers automated analysis and standardized delivery to lenders and investors using a secure ReIssueKey™. For more information, visit https://www.formfree.com/ or follow FormFree on LinkedIn.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
Leslie W. Colley
DepthPR for FormFree
leslie@depthpr.com or (404) 390-3830
Edison, NJ – Monday, July 27, 2020 – Indecomm Global Services, a leading provider of automation, outsourcing, and compliance services and technology for the US mortgage industry, announced the release of BotGenius™, a collection of software robots that are pre-programmed to emulate human computer interaction functions for specific standardized processes, tasks, and workflows in the mortgage industry.
BotGenius™ robots are a part of Indecomm’s Automation Continuum framework for the mortgage industry, which helps lenders of all sizes automate the middle-office functions. Through years of handling the mortgage middle-office functions for hundreds of mortgage lenders, Indecomm has developed a deep understanding of the processes, tasks and workflows that could benefit most from Robotic Process Automation (RPA). Using that expert knowledge, Indecomm’s BotGenius™ collection of robots automates the most repetitive and routine tasks, currently being performed by the mortgage industry’s most valuable assets – their employees.
The BotGenius™ suite of robots automates tasks across the mortgage lifecycle from loan setup through default servicing. In the title and settlement services industry, Indecomm’s solution addresses the lifecycle from order intake through commitment and report preparation.
“Our approach to applying robotic process automation is innovative, contextualized, and developed specifically for the mortgage industry,” said Rajan Nair, CEO of Indecomm Global Services. “BotGenius™ easily integrates with leading loan origination systems right out of the box, without a lengthy integration, and provides a rapid return on investment with predictable costs. It is an integral part of our Automation Continuum framework which lays out a comprehensive and pragmatic automation strategy for lenders to adopt”.
The benefits of BotGenius™ include:
- Determination of upfront ROI and tracking of benefits to realization.
- Success-based pricing, where clients only pay for successfully completed transactions.
- No lock-in to a licensed software, with no license costs or expensive upgrades.
- No additional maintenance costs, as robots are managed through Indecomm’s Robotics Operations Center (ROC).
- Developed by mortgage operations experts including processors and underwriters who have processed and funded loans worth of hundreds of billions of dollars.
To learn more about BotGenius™ and Indecomm, visit the new website at mortgage.indecomm.net.
About Indecomm Global Services
Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, services, mortgage insurers, and title companies to achieve one specific goal-to help them grow.
Visit us at mortgage.indecomm.net.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
Edison, NJ – Thursday, July 9, 2020 – Indecomm Global Services, a leading provider of automation, outsourcing, and compliance services and technology for the US mortgage industry, announced that Narayan Bharadwaj has joined the company as Senior Vice President of Automation.
In this role, Bharadwaj is responsible for automation strategy and execution with a goal of transforming the operations and technology landscape of the mortgage industry. He reports to Rajan Nair, CEO of Indecomm.
Bharadwaj has over 27 years of experience in the Banking & Financial Services industry with an extensive concentration on consumer lending. His career spans executive leadership positions in technology companies serving the banking industry namely, Senior Client Partner & Venture Leader at Cognizant Technology Solutions, CEO & General Manager of Wipro Gallagher Solutions; President & COO, Financial Services at Docutech Corporation; and as a technology executive in financial services organizations such as GE Consumer Finance, and Citibank Global Consumer Bank, where he was responsible for large global technology programs.
“We are very excited that Narayan has joined our leadership team,” said Rajan Nair, CEO of Indecomm Global Services. “Narayan has an extensive background in financial services technology, and we are looking forward to his significant contributions to both our automation strategies and Indecomm’s continued success.”
Bharadwaj is a Chartered Accountant and Management Accountant and holds a specialization in Fintech from the University of Oxford.
To learn more about Indecomm, visit the new website at mortgage.indecomm.net.
About Indecomm Global Services
Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide.
Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, services, mortgage insurers, and title companies to achieve one specific goal-to help them grow.
Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates. Visit us at mortgage.indecomm.net.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
Indecomm Hosts Free Webinar on Defining an Automation Strategy for Your Mortgage Business
Read More >Edison, NJ – Friday, June 12, 2020 – POS, LOS, RPA, AI/ML, RON…with the alphabet soup of tools and software flooding the “Digital” solutions market, how do mortgage lenders make the right choice of automation for their organization? Indecomm Global Services, an industry leader in automation, outsourcing, and compliance for mortgage lenders, will answer this question and others in their webinar titled “Defining an Automation Strategy for Your Mortgage Business” scheduled for Thursday, June 18, 2020 at 2:00 pm ET / 11:00 am PT.
Registration for the 60-minute webinar is free and participants will have the opportunity to ask questions during the Q/A session. Participants will learn how to:
- Define an automation strategy for your organization
- Make the right technology choices and review the options available
- Define and measure ROI for your automation initiatives
The webinar speakers are Narayan Bharadwaj and Linda Bomar, both from Indecomm:
- Narayan Bharadwaj is Senior Vice President of Automation at Indecomm. In his current role, Narayan is responsible for automation strategy and execution with a goal of transforming the operations and technology landscape of the mortgage industry. Narayan has an experience of over 26 years in the Banking & Financial Services industry with an extensive concentration on consumer lending. Narayan’s career spans executive leadership positions in technology companies serving the banking industry namely, CEO & General Manager of Wipro Gallagher Solutions, President & COO, Financial Services at Docutech Corporation and as technology executive in financial services organizations such as GE Consumer Finance and Citibank Global Consumer Bank responsible for large global technology programs. Narayan is a CPA and a CMA and holds a specialization in Fintech from the University of Oxford.
- Linda Bomar is Senior Vice President of Sales and Marketing at Indecomm. She has 25 years of experience in the mortgage industry, with an expertise in team building and communications. A progressive mortgage banking sales and marketing executive, she impacts the visibility and performance of financial institutions through expert orchestration of resources, operations, policies, and protocols. Prior to joining Indecomm, Linda was the National Sales Manager for AllRegs. She has held several positions in the mortgage industry including wholesale operations, secondary, securitization, and marketing, was President of Unprime Securities, a national wholesale mortgage lender. Linda is a graduate of the University of Texas at Austin.
To register, https://mortgage.indecomm.net/defining-an-automation-strategy-for-your-mortgage-business
About Indecomm Global Services
Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide.
Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, services, mortgage insurers, and title companies to achieve one specific goal-to help them grow.
Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates. Visit us at mortgage.indecomm.net.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
Edison, NJ – Monday, June 8, 2020 – For over 25 years, Indecomm Global Services has been an industry leader in outsourcing services, Software as a Service (SaaS) offerings, and education for mortgage lenders. With the launch of its new brand, Indecomm reveals a new visual identity and website to reflect the evolution of the company’s technology solutions, products, and services.
As the mortgage lending industry evolves, Indecomm continually provides innovative solutions to meet the changing needs of its clients. This is specifically represented with the company’s new alignment of product focus on automation, outsourcing, and compliance solutions. Indecomm wanted the new brand identity to reflect its core values as well as its clients’ feedback on Indecomm’s strengths: ingenuity, agility, efficiency, innovation, reliability, knowledge, accuracy, and integrity.
The brand launch includes an updated logo, graphic style, and website, with a new layout and categorization of products. The new logo, a lotus flower, represents renewal, wisdom, purity, and transformation. While there is a new logo, the company’s tagline and its commitment to it, remains: Partnerships at Work.
“Staying true to who we are as a company, our new brand enhances our company’s message and commitment to innovation, perseverance, and excellence,” said Rajan Nair, CEO of Indecomm Global Services. “Our new website reflects the evolution of both our company and the mortgage industry, as technology and automation continue to be a key business strategy for lenders to streamline processes, improve efficiencies, and adapt to the changing needs of the marketplace and workforce.”
Indecomm is headquartered in New Jersey with over 1,200 employees worldwide. Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, Indecomm partners with large and mid-sized lenders, services, mortgage insurers, and title companies to achieve one specific goal-to help them grow.
To learn more, visit the new website at mortgage.indecomm.net.
About Indecomm Global Services
Founded more than 25 years ago, Indecomm Global Services is a leading provider of business services and technology for the US mortgage industry. The company is headquartered in New Jersey with over 1,200 employees worldwide.
Indecomm services and solutions support every stage of the mortgage lifecycle with automation and software, outsourcing and project management, and compliance and education. With a focus on technology solutions first, we partner with large and mid-sized lenders, services, mortgage insurers, and title companies to achieve one specific goal-to help them grow.
Our longevity in the ever-changing mortgage industry is our strength. We have worked diligently in the outsourcing and consulting spaces to develop tools and resources using extensive feedback from both clients and internal associates. Visit us at mortgage.indecomm.net.
Press Contact
Krista K. Sabol – Marketing Director
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
New Automated Income Calculation Software Purchase Options for Mortgage Brokers, Small and Mid-Size Lenders
Edison, NJ – Monday, May 4, 2020 – Indecomm Global Services, a leading provider of automation, outsourcing, and compliance solutions for the mortgage industry, today announced the launch of the retail version of its IncomeGenius® income calculation automation software. IncomeGenius® Retail is now available for mortgage brokers and small and mid-size lenders who wish to utilize automation income calculations for their clients, yet do not need the full, flagship IncomeGenius® subscription. Licenses are available in packages of 8,15 and 25 loans to allow brokers, small and medium lenders to scale gradually.
“IncomeGenius® Retail makes automated income calculations accessible to small and mid-sized lenders and mortgage brokers who wish to gain efficiencies and accuracy in their income analysis process,” said Rajan Nair, CEO Indecomm Global Services. “This new product expands the availability of mortgage automation to a new market sector and provides opportunity to streamline an important part of the origination process, shorten loan cycles and improve pull-through rates. As brokers, small and mid-sized lenders look to concentrate their efforts on a high-quality pipeline, IncomeGenius® Retail is available to make those determinations upfront.”
IncomeGenius® is Indecomm’s automated solution for income calculations and analysis. IncomeGenius® acts as an Income Center and consolidates income documents from the borrower and source of truth data into one cohesive view. By automating complex income calculations, IncomeGenius acts as an integral part of any lender’s automation journey.
With the process of calculating income simplified and automated, IncomeGenius® can be used at the start of the loan process by mortgage loan originators and processors to obtain accurate income which improves the borrower experience. For example, it speeds up the loan process for self-employed borrowers who typically submit multiple documents and tax returns for income analysis. In addition to acting as a job aid, IncomeGenius® also generates a cash flow analysis (CFA) and provides a clear audit trail.
To learn more about IncomeGenius® or to purchase IncomeGenius® Retail packages, visit incomegenius.net or email marketing@indecomm.net to schedule a demo.
About Indecomm Global Services
Indecomm Global Services is a leading provider of mortgage technology and outsourcing for the US mortgage industry. With solutions for every stage of the mortgage lifecycle, Indecomm provides automation solutions, software as a service (SaaS) technology, outsourcing services, and compliance solutions to support the various needs of mortgage industry clients. With a proven track record of over 25 years in the mortgage industry, Indecomm partners with large and mid-sized lenders, servicers, and title companies as a trusted partner with a singular focus – helping them grow. Visit https://mortgage.indecomm.net or call (732) 404-0081 to learn more.
Press Contact
Krista K. Sabol – Director of Marketing
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991
It is Business as Usual at Indecomm
As we respond to the COVID-19 pandemic, we are doing everything we can to help strengthen our community of families, customers, and their businesses.
Indecomm has implemented an effective work-from-home model to keep our associates safe while maintaining business continuity for our customers. Thanks to our dedicated employees, robust technology platforms, and supervised automation, we have responded to the pandemic without any downtime.
Indecomm remains open for business and is here to serve you and the mortgage industry.
We are thankful to our customers for their support and confidence in us.