Indecomm Global Services announced new features scheduled for release in its IncomeGenius income calculation automation software. The new features, scheduled for release in Q1 of 2019, aim to demystify the income calculation process for loan originators, loan processors, and underwriters, addressing changes to 2018 tax forms due to 2018 Tax Reform, and expanding software functionality for even easier ease of use prior to underwriting with additional support for wage earners.
The goal is to:
>>Offer new features that further simplify mortgage income calculations for Loan Officers and Processors
>> Get accurate income calculations obtained prior to underwriting
>>Users are able to easily identify additional income
>>Provide support for 2018 Tax Reform, including new tax forms and calculation adjustments
New features will be released in Q1 2019, with first release scheduled for 1/28/2019.
Registration is open for free the “Ask Me Anything” webinar on 2018 Tax Forms to help educate industry on the IRS changes to mortgage income calculations.
Indecomm Global Services, a leading provider of business process as a service (BPaaS), software as a service (SaaS) technology, and learning solutions for the mortgage industry, announced new features scheduled for release in its IncomeGenius income calculation automation software. The new features, scheduled for release in Q1 of 2019, aim to demystify the income calculation process for loan originators, loan processors, and underwriters, addressing changes to 2018 tax forms due to 2018 Tax Reform, and expanding software functionality for even easier ease of use prior to underwriting with additional support for wage earners.
This quarter’s first release of IncomeGenius will be available on January 28, 2019 and includes features aimed to make calculations easier for loan originators and loan processors. IncomeGenius now gives originators and processors the ability to add potential additional income with the click of a button. IncomeGenius provides full transparency to the users into all aspects of the income calculation. This clarity improves confidence in the accuracy of the calculations for mortgage underwriters and visibly demonstrates the time savings provided by IncomeGenius. Additionally, this release includes additional support for the changes in tax forms as part of the 2018 Tax Reform. The new release makes it easier for IncomeGenius® users to transition over to the most significant changes to the tax forms in many years.
To further support the industry’s questions around 2018 tax reform and its impact on income calculations, Indecomm is hosting two free webinars addressing the 2018 Tax Form changes with multiple interactive “Ask Me Anything” question and answer sessions. The webinar is titled “2018 Tax Forms and Income Calculations” with open, free registration for the next available session:
- Friday, January 25, 2019 | 12:30 pm to 1:15 pm ET
Indecomm is expanding the income calculation capability of IncomeGenius by adding functionality to automate calculations for wage earners with paystubs and W2 Forms. This new functionality will be availability in an upcoming Q1 2019 release and will allow for an option of a third year of calculation from tax returns, as well as income analysis for wage earners.
“When changes in the industry occur that impact our clients’ business, we diligently work to improve and innovate our products and services to address those concerns and ease the burden the changes may cause,” said Rajan Nair, CEO, Financial Services, Indecomm Global Services. “The upcoming new feature releases in our IncomeGenius income calculation software simplifies calculations for originators and processors and provide support surrounding IRS changes.”
To register for the next upcoming free webinar, click on the registration link below:
- 2018 Tax Forms and Income Calculations
Friday, January 25, 2019 | 12:30 pm to 1:15 pm ET
Register Now – https://indecomm.webex.com/indecomm/k2/j.php?MTID=t45aa0a856185746f1836b432d876b3ed