Indecomm Global Services, a provider of automation, outsourcing, compliance services and technology for the U.S. mortgage industry, today announced the release of DecisionGenius, a mortgage automation solution that assesses income, credit, assets and collateral of a borrower to deliver comprehensive decision-making for mortgage loan applications.
DecisionGenius is the latest release in Indecomm’s mortgage automation product suite, which includes two predecessors: AuditGenius, a quality control and risk management software, and IncomeGenius, an automated income calculation software. These platforms, already in use by leading mortgage bankers processing over one million mortgage transactions provide the foundation and intelligence for the holistic DecisionGenius automation approach for the mortgage middle office. Users will see all the information needed to make an underwriting decision in one place, comparing application data to sourced data to investor guidelines.
“The development of DecisionGenius represents the natural progression of Indecomm’s mortgage automation maturity,” said Rajan Nair, CEO of Indecomm Global Services. “We combine income calculation and risk management information with data from the loan origination system and underwriting guidelines into the larger automated decision management framework. It is then triangulated to make the data easier to consume for decision-making. It is intelligent automation that is closer to human intelligence, improving our client’s middle-office processes and ultimately enhancing the borrower’s mortgage banking experience.”
Benefits, the company says, include: an average reduction of over 60% of the time spent by underwriters in reviewing conditions snf validating data and documents provided by borrowers and/or third parties; sn sverage reduction of over 50% of time spent by processors preparing the file for underwriting in verifying and validating information from 1003 against documents provided by the borrower and information sourced from third parties and an average reduction of 50% of the number of times an underwriter touches a file.
