Argyle and LenderLogix partner to help lenders “modernize” workflows

Source: Argyle

Argyle, a service provider automating income, employment and asset verifications for some of the largest lenders in the United States, announced its integration with LenderLogix, a leading provider of mortgage point-of-sale (POS) and automation software for banks, credit unions, independent mortgage banks and brokers.

Through the integration, mutual customers of Argyle and LenderLogix can embed verification directly into LiteSpeed, LenderLogix’s modern point-of-sale platform. The result is a more automated, seamless experience for borrowers and more complete, accurate data for lenders from the very start of the application process.

Key integration benefits

• Embedded verification at the point of sale: Lenders can now request and receive income, employment, and asset verification within the borrower-facing LiteSpeed application experience with no emails, portals or manual uploads required.
• Higher-quality loan files from day one: With real-time payroll and bank data connections, lenders gain access to structured income and transaction data, pay stubs, and W-2s with full consumer permission, reducing manual document collection and accelerating loan file completeness.
• Automated data flow across systems: Verified data can be easily passed from LiteSpeed into downstream loan origination systems (LOS) and automated underwriting systems (AUS), supporting more confident credit decisions.
• Improved borrower experience: Reducing friction and manual touchpoints means a faster, simpler loan experience for borrowers and fewer back-and-forth requests for paperwork.

“Embedding Argyle’s verification technology into LiteSpeed is a natural next step in helping lenders modernize their workflows,” said Patrick O’Brien, co-founder and chief executive officer of LenderLogix.

“We want to give our customers the flexibility to choose the partners that fit their strategy, and Argyle offers a powerful combination of automation, data accuracy and borrower experience that aligns well with our vision.”

“Our integration with LenderLogix is about giving lenders a better way to verify income, employment, and assets that’s embedded, automated and available from the first borrower interaction,” said John Hardesty, vice president of Argyle’s mortgage division.

“By combining LiteSpeed’s intuitive borrower experience with Argyle’s real-time data, we’re making it easier for lenders to build complete loan files faster and with greater confidence.”

“With Argyle embedded in LenderLogix’s LiteSpeed, we are able to verify income and employment instantly—right at the start of the application,” said Wayne King, executive vice president, corporate relations of Encompass Lending Group.

“It reduces our manual collection needs and improves borrower satisfaction. This kind of automation is exactly what we need to stay competitive and aligns perfectly with our concierge customer service mission.”

Further reading: Argyle expands I&E verification platform with Mastercard’s Open Finance technology