Indecomm Global Services, a provider of business process as a service (BPaaS), software as a service (SaaS) technology and learning products for the mortgage industry, has integrated its IncomeGenius automated solution for income calculations, with Lendsnap, a POS solution that collects borrower income and asset documents directly and securely 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, according to a press release. With IncomeGenius, Lendsnap clients have access to an integrated solution for calculating a borrower’s qualifying income.
“The integration of Lendsnap and IncomeGenius extends the value of our POS solution and offers our customers greater confidence in income calculations,” Lendsnap founder Orion Parrott said in the release. “Income calculations are tedious and occasionally uncertain but IncomeGenius’ automated solution will remove these constraints for our customers.”
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.
“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,” Indecomm Global Services CEO of Financial Services Rajan Nair said. “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 throughput and efficiency, as well as an improved borrower experience.”
Indecomm’s Digital Learning Division recently won a Bronze Award from the Brandon Hall Group for Best Advance in Unique Learning Technology for its Yellow Platter Learning Suite (YPLS). The YPLS is an integration of the company’s earlier learning platforms into a single framework, intended to provide a seamless workflow to any organization to create, curate, consume, collaborate, catalogue, campaign, crowd source, manage and track learning and performance interventions across multiple devices. YPLS includes an authoring tool, learning management system, mobile-based micro learning platform and performance support tool as well as a publishing portal.
“Yellow Platter Learning Suite is yet another innovative digital platform from Indecomm that aligns to our commitment of transforming businesses with digital technology solutions,” Anesh Korla, head of the Digital Learning Division, said. “It is crafted on the basis of our considerable experience in the learning domain to streamline learning delivery and management at any organization.”