EXPLORE THE INTEGRATION

Using Argyle with the DU validation service, a component of Fannie Mae’s Day 1 Certainty program, helps lenders stay competitive

60–80% cost savings

Compared to legacy vendors and manual processes.

Better-converting  verifications

Thanks to the highest conversion rate on the market (55%+).

Shorter loan cycles

Close up to 8 days sooner, according to DU data*.

Relief from reps and  warranties

On certain loan components validated through DU.

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Day 1 Certainty meets
direct-source verifications

A first for lenders

Before Argyle, lenders didn’t have a consumer-permissioned VOIE option that was also an authorized report supplier for the DU validation service.

The best of both worlds

When lenders choose Argyle, they get all the advantages of direct-source, consumer-permissioned verifications plus the peace of mind of GSE compliance and a lower buyback risk.

Learn more about Day 1 Certainty

OUR MODEL

What are direct-source verifications?

Straight from the source

Direct-source income and employment verifications are consumer-permissioned and come from the system of record (i.e., borrowers’ payroll accounts).

Accurate, quality data

Argyle VOI and VOE reports don’t rely on data that comes from a database and there’s no time lag, so lenders can be confident in the accuracy and quality of the data they receive.

No expensive middleman

Other income and employment verification vendors buy data and pass those costs on to lenders. Direct-source solutions keep prices low by leveraging the principles of open finance.

Blog

Learn how Argyle is transforming the mortgage lending experience through direct-source verifications.

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“Before Argyle, we had two options: verify members’ income and employment through an expensive legacy vendor or require members to manually provide various income-related documents. With Argyle, we get the best of both worlds—fast, friendly verifications, without the excessive price tag.”

Kathleen Flanagan

Senior Manager, Home Equity Operations at Bethpage Federal Credit Union

View case study

HOW IT WORKS

Using Argyle with DU® is easy, secure, and seamless for lenders and borrowers alike

Order a VOIE report

You order a VOlE report from Argyle through your loan origination system (LOS).

Connect an account

Argyle prompts the borrower to connect their payroll account(s) with just a few clicks.

Get a VOIE report

Argyle instantly sends your LOS a GSE-compliant VOIE report that includes a DU reference number and all of the components required to receive Day 1 Certainty.

DU® Validation

You provide DU with the reference number, and DU pulls in and validates the data from the Argyle report.

The final step

You deliver the loan file to Fannie Mae with the confidence of knowing you’re eligible for relief from representations and warranties on the validated loan components.

IMPLEMENT ARGYLE

The bottom line

Lenders now have a consumer-permissioned income and employment verifications option that costs less than alternatives and meets GSE requirements for relief from representations and warranties. The best part is, lenders can implement Argyle in under 24 hours.

*Numbers based on data from April 2019-March 2020 from lenders who have successfully implemented the DU validation service in their loan workflow. Note that lenders realizing best-in-class savings had extended cycle times when not using the DU validation service, typically about 40-45 days from app-to-close.

Ready to see what Argyle can do for you?

Get in touch to learn more about our verification solutions for the mortgage, personal lending, and background check industries, and more.

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