Argyle, Lenderlogix Partner To Embed Automated Income, Employment, Asset Verification

Income and employment verification provider Argyle on Tuesday announced its integration with LenderLogix, a provider of mortgage point-of-sale (POS) and automation software for banks, credit unions, independent mortgage banks and brokers.

The integration allows mutual customers of Argyle and LenderLogix to embed verification directly into LiteSpeed, LenderLogix’s point-of-sale platform, resulting in an automated experience for borrowers and more accurate data for lenders from the very start of the application process.

“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.”

Aside from embedded verification at the point of sale, lenders ca also gain access to structured income and transaction data, pay stubs, and W-2s with full consumer permission, reducing manual document collection.

“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 CEO 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.”

The integration also supports automated data flow across systems, reducing back-and-forth requests for paperwork.

“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, EVP 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.”

Tuesday’s announcement builds on several integrations and enhancements announced by Argyle this year. In February, Argyle launched a fully embedded VOIE through its nCino integration, building upon a preexisting relationship.

In July, Argyle unveiled verification of assets through Finicity, Mastercard’s U.S. open finance unit, enabling Argyle to offer lenders a unified, GSE-accepted solution for verifying income, employment and assets.