Indecomm / News Release

Indecomm Integrates IncomeGenius® with Lendsnap POS Solution

Collaboration Provides Faster and More Accurate Path to Underwriting

News Highlights:
• Indecomm’s IncomeGenius integrates with Lendsnap’s Point of Sale (POS) solution
• Integration leverages Lendsnap’s data from sources of truth for income calculations in IncomeGenius
• Reduces fraud, boosts origination efficiencies for lenders, and improves borrower experience

Edison, NJ – December 6, 2017 – Indecomm Global Services, a leading provider of business process as a service (BPaaS), software as a service (SaaS) technology, and learning products for the mortgage industry, announces the integration of its IncomeGenius automated solution for income calculations, with Lendsnap, a POS solution that collects borrower income and asset documents securely and directly from their source. The integration with Lendsnap provides IncomeGenius clients direct access to a borrower’s income documents, and data needed for accurate income calculations. With IncomeGenius, Lendsnap clients have access to an integrated solution for calculating a borrower’s qualifying income.

“Indecomm is again raising the bar for accuracy in income calculation. The integration of IncomeGenius with Lendsnap moves the automation of income calculation to the point of sale and avoids intermediary and error-prone input,” said Rajan Nair, CEO, Financial Services, Indecomm Global Services. “This is especially timely given Fannie Mae’s Day One Certainty focus on data from the source of truth. Lenders can expect a reduction in fraud, enhanced origination efficiency and throughput, as well as an improved borrower experience.”

Lendsnap is integrated with major payroll and tax filing companies who provide access to borrower paystubs, W-2s, tax returns, and 1099s. The integration delivers a seamless data stream, automatically pushing authoritative and secure original income documents and their underlying data to IncomeGenius. This process is more secure than email or scanned documents. It is also faster and offers a more accurate path through underwriting.

“The integration of Lendsnap and IncomeGenius extends the value of our POS solution and offers our customers greater confidence in income calculations,” said Orion Parrott, Founder of Lendsnap. “Income calculations are tedious and occasionally uncertain but IncomeGenius’ automated solution will remove these constraints for our customers.”

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 https://www.indecomm.net/. Contact Indecomm by email at marketing@indecomm.net or call (732) 404-0081. Read more Indecomm news at the Indecomm Newsroom.

About Indecomm Mortgage Services

Indecomm Mortgage Services is a leading provider of business services and technology for the US mortgage industry. With a proven track record of over 25 years in the mortgage industry, we work with large and mid-sized lenders, servicers, and title companies as a trusted partner with a singular focus – helping them grow. We have a strong focus on the mortgage lifecycle and continually look for ways that we can create efficiencies in that process. This relentless pursuit for excellence drives ongoing improvement of our Outsourcing services, advances the development of our Software solutions, and allows us to provide ongoing value through our Learning group. Our consultative approach and breadth of services allow us to truly partner with our clients in developing solutions that help them achieve their business goals.

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Press Contact:

Linda Purpura
Indecomm Global Services
linda.purpura@indecomm.net
(646) 470-1690

About Lendsnap

Berkeley-based Lendsnap is empowering mortgage lenders with technology, digitization, and customer experience by enhancing the legacy style lending practices and transforming such practices to modern digital channels for both borrowers and lenders. The goal of the company is to simply the entire mortgage process for all. Lendsnap was founded in in 2015 and was part of the prestigious accelerator groups YCombinator and Alchemist Accelerator. The company has been funded by various angels, venture firms, and SeedInvest.