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Indecomm Demystifies Mortgage Income Calculations

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.


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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. 


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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. 


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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. 


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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

Register Now – https://indecomm.webex.com/indecomm/k2/j.php?MTID=t45aa0a856185746f1836b432d876b3ed

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 learn more about IncomeGenius®, visit mortgage.indecomm.com or email marketing@indecomm.net to schedule a demo. 

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

Integration Enhances Income Calculation And Analysis

Indecomm Global Services, a provider of mortgage technology, training, and outsourcing services, announced that its income calculation and analysis platform, IncomeGenius, is now available through Encompass LOS. The seamless integration allows lenders to perform an income analysis with IncomeGenius directly through Encompass to drive quality and efficiency in the loan origination process.

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IncomeGenius is a web-based SaaS solution that uses Optical Character Recognition (OCR) to automate the income calculation process. The integration of documents and data from Encompass to IncomeGeniusis is an effective way for clients to improve their underwriting process. It simplifies the task of calculating income for borrowers and highlights problem areas requiring the underwriter’s attention. Lenders see a dramatic improvement in efficiency, especially with those that include tax returns. This replaces traditional Excel calculations and macros, resulting in significant timesavings for underwriters, and boosts their throughput with more loans processed in a day.

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“Indecomm Global Services is delighted to partner with Ellie Mae,” said Rajan Nair, CEO, Financial Services, Indecomm Global Services. “Our secure, seamless integration with Encompass enables our clients to simplify the process of ordering an income calculation through IncomeGenius, so they can more efficiently process mortgage loans and grow their business. We look forward to a long and successful relationship with Ellie Mae.”

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Indecomm offers consulting, outsourcing, learning, and technology solutions to its clients in the financial services, hi-tech, life sciences, education, and publishing verticals. Indecomm combines technology platform-driven outsourcing solutions with a flexible delivery model. Indecomm helps its clients improve profitability, gain time-to-market advantage, and achieve immediate return-on-investment. Indecomm was founded in 2003 and has been consistently ranked amongst the Global Top 100 IT and ITeS providers for over a decade. With over 3,500 associates worldwide, Indecomm services its clients from global delivery centers and offices in the United States, Costa Rica, the United Kingdom, India, Malaysia, Singapore, Indonesia, the Philippines, Mauritius, and the Cayman Islands.

Integrations Automate More And More

Lenders want more from their LOS, but the LOS can’t be all things to all clients, so we’re seeing more integrations completed whereby the LOS “does” more by seamlessly linking to other players. For example, Indecomm Global Services, a provider of business process outsourcing, learning, and technology solutions, and LendingQB have completed a technology and integration partnership. The partnership provides mutual clients seamless access to Indecomm’s IncomeGenius, a tax return analysis platform, along with LendingQB’s credit underwriting, pricing, compliance, and other services.

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IncomeGenius’s Optical Character Reader (OCR) driven platform adds certainty and simplicity to the challenge of self-employed borrower calculations. The web based integration of documents and data fromLendingQB to IncomeGeniusis is 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. This replaces traditional Excel calculations and macros, resulting in significant time-savings for underwriters, and boosts their throughput with more loans processed in a day.

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IncomeGenius’s logic enables those not necessarily trained as an underwriter to have the same thought process and approach as one. This allows a lender to move the income calculation upstream to loan officers and processors, facilitating smoother validation by underwriting.

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“Client needs rise to the top of our priority,” said Rajan Nair, CEO, Financial Services, Indecomm Global Services. “Integrating the intelligence of Indecomm’sIncomeGeniuswith the reach of LendingQB will give our clients precision, accuracy, and lower costs in loan origination.”

“The integration with LendingQB merges IncomeGenius seamlessly into the lending workflow,” said Tim Nguyen,President of LendingQB. “Partnering with Indecomm is an extension of our best-of-breed technology strategy because they share our goal of reducing the cost of originating mortgage loans. The integration of IncomeGeniusaccomplishes this by increasing the efficiency of the underwriting process.”

The regulatory pressure on lenders to underwrite consistently and error free continues to grow.Lenders using IncomeGenius within LendingQB will find the income calculation process quick and accurate, minimizing buyback risk.

“Our workflow enables an assembly line approach to income analysis,” said Nair. “It provides multiple versions of the income analysis worksheet, to meet all agency requirements.”

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Mortgage Firm Gets On FinTech Listing

Indecomm Global Services, a leader in business process outsourcing, learning, and technology solutions, announces that it has been recognized in the 2016 IDC Financial Insights FinTech Rankings for the fourth year in a row. The annual IDC FI FinTech Rankings are the most comprehensive vendor ranking in the financial services industry. They are based on 2015 calendar year revenues of hardware, software and IT services to financial institutions.

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“Technological change seems to be the greatest challenge in the industry but we consider it to be a significant business opportunity,” said Naresh Ponnapa, Group CEO and Managing Director, Indecomm Global Services. “Software as a Service (SaaS) and Outsourced Product Development (OPD) are the strategies which Indecomm uses to help its customers address these challenges. Our rise in the rankings is a harbinger of good things to come.”

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The providers listed in the IDC Financial Insights FinTech Rankings offer proprietary platforms and services in technology, which span the ever changing need for IT in the financial services industry. Global spending on IT is a rapidly growing market, expected to reach half a trillion dollars by 2018.

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“Being positioned on the IDC Financial Insights FinTech Rankings demonstrates a fintech company’s commitment to the financial services industry and the success achieved at their financial institution clients,” states Karen Massey, senior analyst at IDC Financial Insights. “The IDC Financial Insights FinTech Rankings, now in its 13th year, is the global industry standard who’s who of financial services technology providers, and we congratulate the 2016 winners.”

These rankings serve as a barometer of innovation in technology and help identify the sources who can deliver it. In addition, on a more micro level, these rankings can provide a key input to strategic and operational planning, especially in the build or buy decision.

For a detailed report on the finding, view or download here.

For more information about the rankings, see here.

Integrating eRecording And Title

Indecomm Global Services, a provider of business process outsourcing, learning, and technology solutions, announces that its InteleDoc Direct (IDD) eRecording Platform with Recopedia has been integrated with the ResWare title production platform. This collaboration brings Indecomm’s latest innovation in eRecording, Inteledoc Direct with the Recopedia toolkit, to ResWare’s title platform. Indecomm offers a web-based eRecording platform with a toolkit that provides current county specific requirements and fee calculations for all real estate document recordings, rather than just prompts and tips about eRecording only county requirements. The inclusion of this technology into ResWare will dramatically boost the efficiency of title agents, enabling them to meet all their business processing and recording needs in a single platform.

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“Indecomm’s automated solutions enhance a variety of business process applications used by title agents,” said Rajan Nair, CEO, Financial Services Division, Indecomm Global Services. “IDD’s integration with ResWare is an outstanding example of enhancing the overall recording experience for title agents.”

ResWare focuses on streamlining the title recording process, which is challenged by slow turn times, high employee turnover, and inconsistent results. ResWare provides enhanced automation and access to a single platform that manages allof the documents, vendors, and processes. It automatically alerts the appropriate individuals when they must complete a task.

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“Indecomm and ResWare have collaborated to allow their customers to achieve the most that technology can supply to their bottom line,” Nair said. “It is a continuing commitment, which lies at the heart of our business goals.”

InteleDoc Direct is part of a portfolio of Indecomm’s proprietary technology platforms, including iTitleHub, Kaizen Income Analyzer, and Publishing Portal, whose purpose is to decrease risk and enhance productivity.

“Adeptive Software is delighted with the opportunity to work with Indecomm, a leading global technology company with deep expertise in document management,” said Bryan Buus, President, Adeptive Software Corporation. “Together with our ResWare platform, we are at the forefront of providing services to title agents.”

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