AuditGenius: Mortgage Quality Control Software | Indecomm

AuditGenius®

Efficient loan audit technology

Simplify mortgage portfolio risk management, streamline QC, and lower origination costs with intelligent audit technology

Efficient, transparent loan audits

Manual and tedious mortgage audits are a thing of the past. Using AuditGenius mortgage QC and loan audit technology, you can save countless hours of your staff’s valuable time by automating and streamlining the most common and specific mortgage QC requirements. AuditGenius:

Increases audit efficiencies with intelligent workflow and automated QC checklists
Unlocks QC insights and trends with interactive dashboards
Frees your resources to focus on high-value QC and audit objectives
Eliminates document and data redundancies, speeding review time
Instills confidence in the audit process with traceable audit findings
Captures loan defects and their root cause, saving you time and money

From our customers

Since the Credit Union implemented AuditGenius, the mortgage operations team has experienced a markedly improved audit process. The audit team is now delivering reports with highly insightful findings that reveal potential issues within our processes. This allows us to thoroughly analyze these issues and make necessary adjustments to our workflows to ensure compliance with all guidelines. Both the mortgage and audit teams have seen significant efficiency gains due to the streamlined approach in generating and responding to audit reports.

Andrew Kotaska

Director, Lending Operations at Credit Union of Colorado

Optimize QC operations with interactive, dynamic dashboards and reporting

AuditGenius extracts data from your borrower, loan, closing, and compliance documents, leveraging cognitive intelligence to compare QC data and capture errors quickly. AuditGenius converts this data into user-friendly, interactive dashboards, helping you quickly visualize and drill into QC results, trends, and opportunities for workflow improvements. AuditGenius:

Delivers interactive dashboards that offer broad and granular view of risk, including loan errors, responsible parties, and defect patterns
Delivers visual snapshot of quality trends filtered by loan type, exceptions, error type, severity, and more
Empowers deep-dive research into trends with dashboard “drill-down” reporting
Provides a wide range of reports on various audit types such as pre-fund, post-close, collateral, default, and more.
Supports unlimited workflows, audit types, and checklists

The AuditGenius difference

Flexibility

AuditGenius QC software can be set up for many different workflows, with an unlimited number of audit types and checklists.

Machine learning

An integrated machine learning platform reduces time needed to complete document reviews.

Root-Cause analytics

AuditGenius pinpoints defects and identifies the root cause for errors, tracked by individual and by category.

Standardization

Quality review audits are linked together in the pipeline to manage risk with a holistic view across the mortgage operation.

Robust reporting

AuditGenius delivers a wide array of standard reports and users can also create customized reports when needed.

Dynamic dashboards

Interactive, dynamic dashboards give you a snapshot of QC results with detailed drill-downs for key operational insights.

AuditGenius by the numbers

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workflows covered

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FAQs

How does AuditGenius automate the mortgage audit process?

AuditGenius uses machine learning, intelligent document/data extraction, and automated QC checklists to pre-populate questions, compare LOS/third-party/AUS data, and cut pre-fund audit review time by up to 50%.

Which compliance standards and investor guidelines does AuditGenius support?

AuditGenius is configured with business rules and checklists aligned to GSEs, investors, and internal QC requirements, helping lenders meet investor, agency, and regulatory audit standards across unlimited audit types.

Can AuditGenius identify loan defects and their root causes?

Yes, AuditGenius pinpoints loan-level defects, tracks root causes by category and individual, and links quality review audits to give a holistic view of portfolio and operational risk.

Does AuditGenius integrate with loan origination and document management systems?

AuditGenius connects bi-directionally to LOS, document management, servicing, and other in-house or third-party systems via Indecomm’s middleware, enabling real-time push-pull of loan data and documents.

What types of audits are supported by AuditGenius?

AuditGenius supports an unlimited number of QC workflows and audit types, including pre-fund, post-close, servicing, and custom audits built with configurable checklists and rules.

Can AuditGenius help reduce quality control costs and manual effort?

Yes, lenders see an estimated 50% reduction in manual processes and time spent on pre-fund audits, along with significant reductions in redundant QA and spreadsheet-based reporting.

What are the implementation options and available support for AuditGenius?

AuditGenius can be rapidly adopted thanks to flexible connectivity with existing systems, configurable rules and checklists, and is supported by Indecomm’s team for setup, reporting, rebuttals, and ongoing optimization.

What type of workflows are supported within AuditGenius?

Prefunding, Post-Closing QC, Adverse Action, Early Payment Default, HMDA, MERS Audits, Pre-Purchase, Due Diligence, Servicing QC, Mortgage Insuring, and more!

How can I see quality trends?

AuditGenius has a robust reporting suite with interactive visualizations, including a Quality Trend dashboard.

How can I supplement my audit team's capacity?

AuditGenius offers automated workflows, which removes may tasks from your team. Additionally, we are happy to discuss outsourced audit resources as a service.

Can I provide my own audit checklists?

Yes, standard AuditGenius workflows include a self-service checklist module that allow you to update your own checklists on your own timeframe.

Can AuditGenius help me track re-verifications?

Yes, AuditGenius has a robust re-verification tracking module as well as reporting.

Does AuditGenius have reporting to help me with agency requirements?

Yes, AuditGenius has a pre-built dashboard to keep you in compliance with agency minimum standards for post-closing QC.

Ready to schedule a demo of AuditGenius®?