Use Cases
Processing and Underwriting
Document Processing
IDXGenius powers the automation of processing reviews by extracting data from third party reports (title/appraisal/fraud etc.) and validating against data in the LOS + Rules. With a pre-mapped library of over 1,200 unique mortgage documents, including the 1003 application form, bank statements, pay stubs, W-2 forms, and non-traditional documents utilized by self-employed borrowers, IDXGenius ensures precise identification and extraction of essential data points, optimizing workflows across the mortgage lifecycle.
Workflow Efficiency
The platform's seamless integration with Encompass and API-based connectivity to any Loan Origination System (LOS) allows for efficient processing of these varied document formats. IDXGenius not only processes these files but also produces categorized, indexed documents, supporting a faster and more precise operational flow. This intelligent automation reduces manual interventions, minimizes errors, and accelerates processing times, enhancing overall efficiency in mortgage operations.
Underwriting Analysis
IDXGenius provides underwriters with trustworthy data, reducing the risk of errors and improving decision-making. As a core component of Indecomm's DecisionGenius, IDXGenius automates the underwriting process with a high degree of accuracy. This automation streamlines workflows, reduces manual interventions, and increases pull-through rates by enabling faster and more accurate credit decisions. By integrating IDXGenius into the underwriting process, lenders can enhance operational efficiency and deliver a better experience for borrowers.
Bulk Acquisition
Accurate data from mortgage documents is crucial in the pre-fund, post-close, and servicing quality control (QC) processes, as well as in mortgage due diligence when participating in the secondary market. IDXGenius improves:
Data Integrity for Mortgage QC
Accurate data facilitates the identification and correction of discrepancies and maintains integrity of a loan portfolio. By accurately extracting and validating information from essential documents—IDXGenius enables the QC process by validating data, flagging errors, and identifying missing information. This precision in data handling supports effective pre-fund, post-close, and servicing QC processes.
Secondary Market Transaction
Engaging in secondary market transactions, accurate data is essential for due diligence, as investors rely on precise information to assess the value and risk of mortgage-backed securities. By leveraging IDXGenius, lenders can reduce putbacks and increase loan salability.
Bulk Transfer Automation
Simplify large-scale data transfers with intelligent automation for Loan File Indexing, Loan Setup & Processing, Data Validation & Reconciliation, Collateral Reconciliation/Curing, and Data Mapping & Coding to the System of Record. Boost efficiency while eliminating manual errors.
Servicing
IDXGenius redefines mortgage servicing by eliminating bottlenecks, improving accuracy, and driving operational excellence at every stage. IDXGenius improves:
Seamless In Transit/Post Transfer Servicing
Ensure smooth post-transfer operations with automated Assignments of Mortgage, MERS Reconciliation, Collateral/Custodial Tracking, and ACH Setup. IDXGenius ensures accuracy and compliance, reducing processing times and minimizing disruptions.
Loss Mitigation Data Checks
IDXGenius ensures that all data is precise and up-to-date, facilitating timely and effective interventions to prevent defaults and foreclosures. By integrating IDXGenius into your loss mitigation workflows, you can streamline operations, reduce manual errors, and maintain compliance with industry regulations, leading to improved outcomes for both lenders and borrowers.
Efficient Foreclosure Servicing
Accelerate the foreclosure process with IDXGenius. From FC Assignments and Pre-referral Reviews to Property Evaluations and Attorney Oversight & Scorecards, the solution ensures precision and speed, improving customer outcomes and operational efficiency.
Data & Document Quality
Data Integrity for Improved Quality Control (QC)
IDXGenius improves mortgage Quality Control (QC) by ensuring data accuracy and compliance. It automatically detects missing or incorrect information, applies rules-based reviews to meet regulatory and investor guidelines, and speeds up QC verification at key stages like pre-funding, post-closing, HMDA reviews, and servicing. By streamlining workflows and reducing manual errors, IDXGenius enhances efficiency, accuracy, and compliance in mortgage processing.
Enabling Document Indexing for Mortgage Insurers (MI)
Mortgage insurers (MIs) face the challenge of managing document packages from lenders that come in various formats, file types, and naming conventions. IDXGenius recognizes, sorts, and categorizes documents accurately and efficiently. This reduces the need for manual sorting, speeds up processing times, enhances accuracy for compliance, and integrates seamlessly into workflows for underwriting and risk assessment. By improving scalability and cutting operational costs, IDXGenius helps MIs to handle high volumes of submissions while focusing on faster, more reliable service for lenders and borrowers.
Powering the Genius Suite
Enhancing IncomeGenius Speed and Accuracy
Indecomm’s IDX integrates with IncomeGenius, automating document and data verification and eliminating the need for manual "stare and compare." This significantly reduces file touches—some lenders see a 51% reduction—improving accuracy in income calculations.
Accelerating DecisionGenius Analyses
Indecomm’s DecisionGenius extracts and analyzes loan data directly from lenders’ Loan Origination Systems (LOS). IDX allows underwriting teams to get faster access to critical borrower data allowing for faster, more accurate analysis.
Improving AuditGenius Loan and Post-closing Document Audits
Indecomm’s AuditGenius incorporated IDX to enhance data capture, flag missing information, and reduce the likelihood of human errors—protecting lenders from costly mistakes. Additionally, the feature ensures accurate document audits and post-closing packages, verifying the completeness of loan files, identifying missing or inaccurate documents, and validating extracted data against loan records, reducing compliance risks.
