Mutual IncomeGenius®, Advanced Data, and LendingQB clients benefit from seamless access of tax transcript data obtained from the source
- Mortgage lenders who are mutual IncomeGenius®, Advanced Data®, and LendingQB® clients benefit from a simplified, automated income calculation process
- Integration uses data from the source to review assets and income, increasing accuracy and minimizing fraud or other gaps in the document-based calculation
Edison, NJ and MILFORD, PA — 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 today that it has released a new three-way technology integration for its IncomeGenius® automated solution for income calculations with partners LendingQB®, a provider of 100% web-based, end-to-end loan origination software (LOS), and Advanced Data®, a mortgage industry leader in enterprise-wide 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 of 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, CEO, 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.”
“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, vice president 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.”
“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,” said Allen Johnson, CEO of Advanced Data Corporation. “This integration helps us deliver on our ongoing commitment to provide our clients with competitive advantages and great customer service.”
IncomeGenius’s automation driven platform adds certainty and simplicity to the challenge of self-employed borrower calculations. Prior to this new integration, 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 in 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.
About Indecomm Global Services
Indecomm was founded in 2003 as a technology-enabled services company focused on high-speed document imaging technologies and automated data capture from structured and unstructured forms, with an innate ability to apply these technologies meaningfully to improve operational efficiency and client experience. We have been consistently ranked among the Global Top 100 IT and ITeS providers. With over 3,800 associates in 21 locations, Indecomm services its clients from global delivery centers and offices in the United States, Mexico, Costa Rica, the United Kingdom, India, Malaysia, Singapore, Indonesia, the Philippines, Mauritius, and the Cayman Islands. We have active business engagements with over 300 global clients, including 20+ Fortune 500 companies. Visit http://www.indecomm.net/ or call (732) 404-0081 to learn more.
About Indecomm Mortgage Services
Indecomm Mortgage Services is a leading provider of business services and technology for the US mortgage industry. With solutions for every stage of the mortgage lifecycle, Indecomm Mortgage Services provides outsourcing services, software as a service (SaaS) technology, and learning 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 http://mortgage.indecomm.net or call (732) 404-0081 to learn more.
About Advanced Data
About Advanced Data Advanced Data is recognized as the standard for enterprise-wide mortgage data integrity, specializing in fraud prevention and enhanced verifications. Its proprietary technology is integrated with loan origination systems, and the firm offers a SaaS platform for clients that prefer a custom solution. Its services include eTax Verification Form 4506-Ts, proprietary eVoE™ technology, streamlined verifications and re-verifications of employment, fraud reports, social security number verifications, AVM plus property inspection, and flood zone determinations. Advanced Data’s proprietary Fraud Report identifies each loan’s fraud risk before and after funding. The firm prides itself in being one of the only firms in its sector to employ an in-house development group, which ensures its technology provides a competitive advantage to clients and can be customized to their needs. For more information, visit www.advanceddata.com.
LendingQB is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end mortgage loan origination system, best of breed integrations with key industry partners and ‘adoptimization’ services that result in faster cycle times and lower costs per loan. For more information, please call 888.285.3912 or visit www.lendingqb.com.