Collaboration Enhances Ease and Usability for Clients
• Indecomm’s IncomeGenius™ integrated with LendingQB’s Loan Origination System
• The integration gives easy access to an automated system for lowering production costs
• Increases accuracy of income calculations for lender clients
Edison, NJ – November 30, 2016 – Indecomm Global Services, a leader in business process outsourcing, learning, and technology solutions, and LendingQB, a provider of 100% web-based, end-to-end loan origination software (LOS), today announce a technology and integration partnership. The partnership provides mutual clients seamless access to Indecomm’s IncomeGenius™, a groundbreaking tax return analysis platform, along with LendingQB’s credit underwriting, pricing, compliance, and other services.
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 from LendingQB to IncomeGenius™ 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.
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.
“Client needs rise to the top of our priority,” said Rajan Nair, CEO, Financial Services, Indecomm Global Services. “Integrating the intelligence of Indecomm’s IncomeGenius™ with 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 IncomeGenius™ accomplishes 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.”
LendingQB provides lenders with a powerful loan origination solution that improves operational efficiency by focusing on advanced technology development and effective technology adoption services. The integration of Indecomm’s IncomeGenius™ reflects LendingQB’s practice of Lean Lending™, a comprehensive solution for lenders that promotes lowered costs through best-of-breed integrations and optimal utilization of technology.
About Indecomm Global Services
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. For more information, visit www.indecomm.net. Contact Indecomm by email at email@example.com or call (732) 404-0081. Read more Indecomm news at the Indecomm Newsroom.
About Indecomm Mortgage Services
Indecomm Mortgage Services is a trusted partner of top lenders and servicers, providing them with quality assurance, risk management, and loan fulfillment services. Indecomm’s title and settlement services platform-based solutions include title search and typing through iTitleHub™, post-closing through Dynamic Doc Hub™, eRecording through InteleDoc Direct™ and mail-away recording supported by Indecomm’s recording website. Indecomm-Mortgage U is a close collaboration between Indecomm Mortgage Services and Indecomm Learning. The Indecomm-Mortgage U Health Check enables companies to ensure compliance with current regulations and anticipate the impact of new ones.
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Indecomm Global Services
LendingQB is a provider of Lean Lending solutions. The Lean Lending solution consists of a 100 percent web browser-based, end-to-end loan residential mortgage 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.
Phone: (678) 781-7209