Indecomm Demystifies Mortgage Income Calculations with New Features & Announces Support for 2018 Tax Reform with IncomeGenius®

January 22, 2019

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Highlights:

  • New features further simplify mortgage income calculations for Loan Officers and Processors
  • Accurate income calculations obtained prior to underwriting
  • Users are able to easily identify additional income
  • 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 “Ask Me Anything” webinars on 2018 Tax Forms to help educate industry on the IRS changes to mortgage income calculations

Edison, NJ – Wednesday, January 22, 2018 – 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 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.

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.

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 two interactive “Ask Me Anything” question and answer sessions. The webinar is titled “2018 Tax Forms and Income Calculations” and registration for the following dates is free:

  • Wednesday, January 23, 2019 | 2:00 pm to 2:45 p.m. ET
    Session is full and closed
  • Friday, January 25, 2019 | 12:30 pm to 1:15 pm ET
    Register Now – Second session added due to popular demand

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.net or email marketing@indecomm.net to schedule a demo. To register for one of the upcoming webinars, click on the session date below:

  • 2018 Tax Forms and Income Calculations
    Wednesday, January 23, 2019 | 2:00 pm to 2:45 p.m. ET
    Session is full and closed
  • 2018 Tax Forms and Income Calculations
    Friday, January 25, 2019 | 12:30 pm to 1:15 pm ET
    Register Now (Second session added due to popular demand)

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 https://www.indecomm.com 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.

Press Contact
Krista K. Sabol – Marketing Director, Financial Services
Indecomm Global Services
krista.sabol@indecomm.net or 540-533-0991

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