Argyle, Awards and Honors, Business

Argyle makes its debut on HousingWire’s Tech100 list of the most innovative companies in mortgage

NEW YORK CITY, N.Y. -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, today announced its debut on HousingWire's annual Tech100 Mortgage list of the most innovative companies in the housing finance industry. Argyle was recognized for modernizing the way lenders verify borrower income and employment, resulting in documented business outcomes that include higher conversion rates, 80% cost savings over legacy providers and a reduction in loan processing time of up to 5-7 days.

Where legacy verification services rely on databases of purchased consumer data that is often stale, incomplete, inaccurate and obtained without consumers' direct knowledge, Argyle saves businesses time and money by providing them secure access to real-time income and employment data-straight from the source. Mortgage lenders that use Argyle benefit from income and employment data coverage that's superior to the three largest credit bureaus at a fraction of the cost of lower-converting alternatives. In addition, Argyle's status as an authorized report supplier for Fannie Mae's Desktop Underwriter(r) validation service, a component of Day 1 Certainty(r), grants lenders reduced repurchase risk and greater peace of mind.

"To make risk-aware credit decisions, mortgage lenders need accurate data they can trust, and they need it quickly, consistently and at a cost-effective price point," said Argyle CEO Shmulik Fishman. "Argyle is defining the modern approach to income and employment verification, and we are proud to accept this recognition as a signal that our commitment to innovation is making a difference for lenders and consumers."

"The technology capabilities and solutions that this year's Tech100 winning organizations have developed are an absolute testament to the relentless innovation within the real estate and mortgage technology landscape," HW Media Editor-in-Chief Sarah Wheeler said. "These past few years have been transformative for the industry, and these honorees are continuing to bring long-awaited solutions to the challenges that mortgage and real estate professionals have struggled with for decades. Congratulations to all the deserving winners for their outstanding contributions to our ever-evolving industry."

The Tech100 Mortgage award, now in its 12th year, honors trailblazing companies whose technologies are shaping the future of housing finance. Learn more about the HousingWire Tech100 and view Argyle's full company profile here: https://www.housingwire.com/company-profile/argyle/.

About Argyle:

Founded in 2018, Argyle is the leading provider of direct-source access to income and employment data. As an authorized report supplier for Fannie Mae's Desktop Underwriter(r) validation service, a component of Day 1 Certainty(r), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers' ability to pay and reduce repurchase risk-all at 60-80% less cost. Argyle's commitment to innovation is backed by investors including Bain Capital Ventures, Bedrock, Checkr, F-Prime and SignalFire.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Argyle, Business, Software

Argyle’s investments in innovation spur over 50 lenders to switch to the mortgage industry’s highest-converting VOI/E platform

NEW YORK CITY, N.Y. -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, closed a banner year of mortgage growth with 50 new IMB, credit union and bank customers. The payroll connectivity leader more than doubled the annual volume of income and employment verifications conducted on behalf of its customers to 1.5 million with the help of 15 of the top 100 mortgage lenders. Chief Commercial Officer Brian Geary attributed Argyle's increasing appeal in the mortgage vertical to the commitment of a growing team of in-house mortgage experts and the successful implementation of an ambitious innovation roadmap that is delivering tangible business advantages for customers.

After introducing multiple new platform features and adding thousands of employers to its data network, in October Argyle became the first provider of consumer-permissioned income and employment data to be named an authorized report supplier to Fannie Mae's Desktop Underwriter® (DU®) Validation Service. The collaboration helps lenders reduce mortgage repurchase risk by enabling access to relief from representations and warranties through Fannie Mae's Day 1 Certainty® initiative.

Argyle also added several new partnerships throughout the year that seamlessly integrate its verification of income and employment (VOI/E) services into loan origination software and point-of-sale platforms, including ICE Mortgage Technology (NYSE: ICE), Dark Matter Technologies, nCino (NASDAQ: NCNO) and Lenders One (managed by a subsidiary of Altisource, NASDAQ: ASPS), among others.

To support its growing mortgage customer base, Argyle created a dedicated mortgage division this year and added mortgage industry veterans Sam E. Oliver III and Terri Davis to its advisory board. Oliver is a Freddie Mac veteran of three decades, and Davis' career in mortgage spans leadership roles at Fannie Mae, ICE Mortgage Technology and Notarize.

These investments are paying dividends to Argyle's customers. Whereas legacy VOI/E providers report success rates in the range of 20-30% - requiring lenders to manually verify income and employment for most loan applicants - companies like Lake Michigan Credit Union and NFM Lending say switching to Argyle is now enabling them to achieve verification success rates north of 50%. At the same time, lenders report that Argyle saves them 80% on verification costs and cuts loan processing times by as much as seven days, resulting in higher borrower pull-through and reducing lender costs associated with rate hedging.

"Argyle is proud to close the year as the fastest-growing and highest-converting automated income and employment platform available to mortgage lenders today," said Geary. "We are helping lenders weather the storm of this challenging market cycle by making a material impact on the bottom line. As we approach the new year, our customers can count on Argyle to continue investing heavily in mortgage as we look to drive our conversion rates even higher, build deeper integrations to the mortgage tech stack and round out our GSE approvals."

Argyle has been recognized this year by Fintech Nexus as an Emerging Fintech Innovator, Forbes as one of America's Best Startup Employers, Tearsheet as the Best Alternative Data Product and Fintech Futures as a Fintech Startup of the Year. HousingWire honored Argyle CEO Shmulik Fishman among its 2023 Tech Trendsetters and named John Hardesty, general manager of Argyle's mortgage division, a 2023 HW Insider.

About Argyle:

Argyle is the leading provider of direct-source access to real-time income and employment data. With Argyle, companies automate critical workflows-including income and employment verifications, deposit switches, wage advances and loan repayments-so they can build better, more efficient processes, reduce risk and scale their businesses. Argyle serves the mortgage, background checks, personal lending and banking industries as well as the gig economy.

Founded in 2018, Argyle has raised over $77.6 million in capital and is backed by top investors, including Bain Capital Ventures, Bedrock, Checkr, F-Prime and SignalFire. Argyle's coverage of the U.S. workforce includes 99% of the Fortune 1000, is superior to the three largest credit bureaus and delivers hit rates higher than other data providers. Argyle has been recognized by Fintech Nexus as an Emerging Fintech Innovator, Forbes as one of America's Best Startup Employers, Tearsheet as the Best Alternative Data Product and Fintech Futures as a 2023 Fintech Startup of the Year. Argyle is also an authorized report supplier for Fannie Mae's Desktop Underwriter® validation service, a component of Day 1 Certainty®.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/. To stay up to date on all Argyle news, sign up for our newsletter at https://argyle.com/blog/.

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Argyle, Awards and Honors, Business, Software

Argyle partners with Dark Matter to bring seamless direct-source income and employment verifications to Empower LOS customers

NEW YORK CITY, N.Y. -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, announced today its integration with the Exchange, an interconnected network of mortgage-specific service providers available to customers of the Empower® loan origination system (LOS) from Dark Matter Technologies. This collaboration simplifies the income and employment verification process for lenders, further amplifying the cost and time-saving benefits of digital borrower verification.

The native integration makes it easy for lenders to order Argyle's verification of income (VOI) and verification of employment (VOE) reports through the Empower LOS. Lenders have the flexibility to configure where VOI and VOE report ordering occurs in the loan origination workflow to support their manufacturing process and desired borrower experience. When borrowers connect through Argyle, direct-source data, reports and associated documentation are made available in Empower and refreshed throughout the loan cycle.

In October, Argyle announced its status as an authorized income and employment report supplier for Fannie Mae's Desktop Underwriter® (DU®) validation service. The Empower system's integrations with both Argyle and DU enable lenders to benefit from greater purchase certainty on expedited timelines.

"We are extremely excited to bring Argyle's enhanced verification of income and employment capabilities to the Empower system. Together, we've built an ideal integration that vastly improves the home financing process," said Shmulik Fishman, CEO of Argyle. "We are passionate about providing a best-case experience to as many customers and consumers as possible, and our partnership with Dark Matter Technologies does just that."

"As a customer of both Argyle and a current partner of Dark Matter Technologies, we know first-hand how this integration will improve our processes and service capabilities for our members," said John Harpst, VP of mortgage strategy at Lake Michigan Credit Union. "Argyle has proven a vitally important partner for us, and we look forward to increasing efficiency and data security through increased adoption of Argyle and its integration with the Empower LOS."

"We recognize the incredible effort lenders invest in perfecting the homebuying experience for borrowers and manufacturing loans efficiently, and we're here to support them every step of the way," said Rich Gagliano, CEO at Dark Matter Technologies. "Our native integration with Argyle underscores our commitment to supporting lenders in their choice of tools and processes. We aim to make the homebuying process a modern and enjoyable experience for everyone involved."

About Argyle:

Argyle is the leading provider of direct-source access to real-time income and employment data. With Argyle, companies automate critical workflows-including income and employment verifications, deposit switches, wage advances and loan repayments-so they can build better, more efficient processes, reduce risk and scale their business. Argyle largely serves the mortgage, background checks, personal lending and banking industries as well as the gig economy.

Founded in 2018, Argyle has raised over $77.6 million in capital and is backed by top investors, including Bain Capital Ventures, Bedrock, Checkr, F-Prime and SignalFire. Argyle's coverage of the U.S. workforce includes 99% of the Fortune 1000, is superior to the three largest credit bureaus and delivers hit rates higher than other data providers. Argyle has been recognized by Fintech Nexus as an Emerging Fintech Innovator, Forbes as one of America's Best Startup Employers, Tearsheet as the Best Alternative Data Product and Fintech Futures as a 2023 Fintech Startup of the Year. Argyle is also an authorized report supplier for Fannie Mae's Desktop Underwriter® validation service, a component of Day 1 Certainty®.

For more information on Argyle's industry-leading platform, please visit https://argyle.com/.

To stay up to date on all Argyle news, sign up for our newsletter here: https://argyle.com/blog/.

About Dark Matter Technologies:

Operating with the nimble nature of a startup and the disciplined maturity of one of the industry's leading providers, Dark Matter Technologies delivers cutting-edge technology, unparalleled automation and relentless innovation to leading mortgage lenders and companies nationwide. For more information, visit https://dmatter.com/.

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022

Argyle, Awards and Honors, Business

Argyle CEO Shmulik Fishman named a 2023 HousingWire Tech Trendsetter

NEW YORK CITY, N.Y. -- Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, announced today that CEO Shmulik Fishman has been named to HousingWire's list of 2023 Tech Trendsetters. Now in its fifth year, the Tech Trendsetters award honors the 50 most impactful executives, product leaders and professionals shaping innovation in the mortgage and real estate industries. Fishman was recognized for his championship of Argyle's mortgage-ready offering, which allows lenders to instantly generate income and employment verifications, pull borrowers' pay stubs and W-2s without friction and automate loan repayments.

In the last 12 months, Argyle has secured new data quality and security certifications, established integrations with the industry's top loan origination technologies and become the first consumer-permissioned provider of income and employment verifications to support the Desktop Underwriter® (DU®) Validation Service from Fannie Mae. Under Fishman's leadership, Argyle has grown revenue over 100% year-over-year and has welcomed more than 50 new mortgage customers in 2023.

"Argyle's goal is to empower lenders to make decisions based on income and employment that is real-time, consumer-permissioned and equitable for all working individuals, not just full-time employees," said Fishman. "Developing novel ways to organize all the information wrapped up in employment records is a team effort. We are proud to be transforming mortgage underwriting with data that streamlines lender operations, reduces the growing issue of fraud and ensures up-to-the-minute accuracy."

"HousingWire's Tech Trendsetters award provides a unique platform for us to shine a spotlight on the visionaries steering the course of the tech organizations that are reshaping the housing landscape," HousingWire's Editor in Chief Sarah Wheeler said. "These trailblazers play a pivotal role in the success of their mortgage and real estate clientele. Once again, they have exceeded expectations, addressing some of the most pressing challenges within the housing sector with ingenuity and determination."

The full list of 2023 HW Tech Trendsetters will be profiled in the December/January issue of HousingWire magazine. Winners were selected by a panel of HousingWire editors and reporters based on their accomplishments and professional success over the last 12 months. The complete list of HW Tech Trendsetters can be found online at https://www.housingwire.com.

About Argyle:

Argyle is the leading provider of direct-source access to real-time income and employment data. With Argyle, companies automate critical workflows-including income and employment verifications, deposit switches, wage advances and loan repayments-so they can build better, more efficient processes, reduce risk and scale their business. Argyle largely serves the mortgage, background checks, personal lending and banking industries as well as the gig economy.

Founded in 2018, Argyle has raised over $77.6 million in capital and is backed by top investors, including Bain Capital Ventures, Bedrock, Checkr, F-Prime and SignalFire. Argyle's coverage of the U.S. workforce includes 99% of the Fortune 1000, is superior to the three largest credit bureaus and delivers hit rates higher than other data providers. Argyle has been recognized by Fintech Nexus as an Emerging Fintech Innovator, Forbes as one of America's Best Startup Employers, Tearsheet as the Best Alternative Data Product and Fintech Futures as a 2023 Fintech Startup of the Year. Argyle is also an authorized report supplier for Fannie Mae's Desktop Underwriter® validation service, a component of Day 1 Certainty®.

For more information on Argyle's industry-leading platform, please visit https://www.argyle.com/. To stay up to date on all Argyle news, sign up for our newsletter here.

Related link: https://www.argyle.com/

This news story was published by the Neotrope® News Network - all rights reserved. ID:NEO2022