Argyle

When we heard Encompass LOS users wanted a better way to keep team members apprised of VOIE status, we had only one thing to say: Copy that! 🔹Cc your team 🔹 is one of the latest enhancement to Argyle’s integration with Encompass LOS by ICE Mortgage Technology. When placing an order for Argyle’s VOIE services, loan officers can now specify which teammates should be notified once the borrower has connected their payroll or employer account for verification. A drop-down box makes it easy to quick-select Encompass users already associated with the loan file, or loan teams may write in additional email addresses for notification. Learn about all of our recent updates to Argyle’s Encompass integration: https://lnkd.in/gm_6jECR #fintech #mortgage #verification #innovation #lending

Employers might be surprised to find that, sometimes, the services they rely on to verify the employment histories of job candidates and incoming employees aren’t reliable. Last year, for example, the FTC fined two background check companies $5.8 million for "failing to ensure the maximum possible accuracy" of their reports, among other violations. So, how can employers make sure they work with trustworthy employment verification providers? By vetting the source and timeliness of their data. Our latest blog post breaks down the differences in the market: https://lnkd.in/giW_XWqv #HR #HRTech #BackgroundChecks

Have you checked out the latest enhancements to Argyle’s VOIE integration with Encompass LOS by ICE Mortgage Technology? Today we’re highlighting Employer Match, a feature that removes friction from the verification process to maximize conversion. This feature gives mortgage loan officers the option to confirm in advance if a borrower’s employer or payroll provider is covered by Argyle, so they can send the borrower a streamlined shortcut that goes straight to the right payroll connection. How cool is that? 🧊 Learn about all of our recent updates to Argyle’s Encompass integration: https://lnkd.in/gm_6jECR #fintech #mortgage #verification #innovation #lending

You may know John Hardesty as general manager of our mortgage division, but what you may not realize is that he’s also: ✅ a glutton for punishment (a.k.a. a Cleveland sports fan) ⚾🏀🏈 ✅ a former pool boy and student athlete 🏊 ✅ an aspiring cruise ship captain ⚓ Thanks to The Mortgage Collaborative’s Faith Howard-Mooney for featuring John in the latest episode of “Inside the TMC Family,” a podcast series that highlights TMC lender members and #PreferredPartners like Argyle. Watch the full episode here: https://lnkd.in/gYXYtmmE to learn more about John and hear why he loves being part of the Collaborative.

Freddie Mac’s 2024 Cost to Originate study finds that #loan origination costs have risen 35%, or $3,000, in the past three years. That means the average retail-only #mortgage lender loses approximately $600 per loan! 😱 What’s driving such runaway inflation? According to Freddie Mac Senior Director of Seller Strategy and Optimization for Single Family Sudamys Alfonso, technology fees — in particular, the rising cost of credit reports and other third-party verifications — are the biggest factor. Lenders can bring costs down by replacing legacy verification providers with more affordable challengers, but it takes effective #changemanagement to maximize those savings. Listen to the full story on the HousingWire Daily podcast: https://lnkd.in/g6VvBexQ

The mortgage industry faces a critical challenge: profitability. The most recent Mortgage Bankers Association Quarterly Mortgage Bankers Performance Report highlighted #mortgage lenders' ongoing financial struggles, with net production losses persisting for eight consecutive quarters. Despite the innovative strides made in #fintech, industry adoption remains stubbornly low, contributing to high origination costs through the steep price of legacy solutions such as The Work Number. Former chief fintech officer and deputy director of FHFA’s Division of Conservatorship Oversight and Readiness Division Jason Cave stresses the urgency for collective action to embrace newer technologies as a valuable cost-saving measure. Read the full article as published by HousingWire: https://lnkd.in/gmY4ZqNE #innovation #mortgagelending #finance

📣 Announcing Argyle’s new features for enhanced user experience and conversion! We’re excited to share the latest updates to our Encompass Integration and Argyle Console, designed to set new standards in UX and conversion: 🔹 Employer Match: Effortlessly link borrowers to their income sources, reducing friction and boosting conversion rates up to 30 percentage points. 🔹 Troubleshoot Messages: Identify and resolve connection issues swiftly, ensuring data accuracy and reliability. 🔹 Cc Your Team: Keep your team members in the loop with easy coordination of income and employment verifications. Check out the full announcement on our blog ⏩ https://lnkd.in/gm_6jECR #MortgageTech #MortgageLending #Innovation #FinTech #Mortgage

In today’s episode of Direct-Source Discourse, Kelly Good of ALCOVA Mortgage and Argyle’s Daniel Esquibel tease out the secret to successful technology adoption. Watch the full episode to learn how a Southern belle who dreamed of opening her own salon à la Steel Magnolias became a #mortgage powerhouse instead: https://lnkd.in/gPyrNrRc #fintech #mortgagelending #innovation #podcast

At first, NFM Lending was skeptical that borrowers would remember their payroll credentials for #verification of income and employment, but the award-winning IMB quickly found that wasn’t a hurdle. And with cost savings of $100 per loan, Argyle is saving NFM 80% on its overall verification costs — which is why it now sits at the top of NFM’s #VOIE waterfall. Says Chief Strategy Officer Cindy Keith, “Argyle is at the top of our verification waterfall because they give us one-stop access to all of the income data and documents we need. Only after Argyle do we move on to other options, where prices might increase.” Read the case study: https://lnkd.in/gMhmX4vn  #mortgage #fintech #mortgagelending #innovation

At Argyle, we’re proud to be the Silver Sponsor for the upcoming Lenders One Mortgage Cooperative Technology Basecamp on Thursday, August 8th in Annapolis, MD! ⛵ Annapolis, the capital city of Maryland, is an historic and picturesque destination nestled along the Chesapeake Bay. Set sail with Lenders One for a Basecamp experience like none other. The Catherine Marie, L1’s private charter, will play host to education sessions focused on Technology with impactful networking as we cruise the Chesapeake Bay. Following cocktails in the harbor, L1 will cap off the event with a quintessential Maryland crab feast, offering additional networking and good cheer on Main Street in historic downtown Annapolis. Registration is open to L1 Members only. Register today to ensure your spot on the Catherine Marie and we can’t wait to see you there! https://lnkd.in/g7rV3mEf #WeAreL1 #L1Basecamp #LendersOne