- Lenders can save 5-7 days and 60-80% in costs over legacy VOIE providers while gaining the potential for rep and warranty relief - NEW YORK CITY, N.Y., Aug.
20, 2024 (SEND2PRESS NEWSWIRE) — Argyle , a platform providing real-time income and employment verifications for some of the largest lenders in the United States, is now an approved third-party service provider supporting Freddie Mac’s Loan Product Advisor® (LPASM) asset and income modeler (AIM) , a solution that simplifies the mortgage underwriting process for lenders. Argyle’s verification of income and employment (VOIE) solution, which includes reports, pay stubs and W-2s, saves lenders 5–7 days per loan and 60–80% in costs compared to legacy VOIE providers. Effective immediately, lenders using Argyle’s verification services will be eligible for automatic assessment of income and employment, including 10-day pre-closing verifications, through AIM.
By submitting Argyle’s reference number to LPA, lenders can receive an immediate assessment of eligibility for representation and warranty relief for the income calculation and accuracy and integrity of the data. “Argyle is proud to collaborate with Freddie Mac to offer a comprehensive and efficient industry-leading solution for income and employment verification,” said Argyle COO Brian Geary. “By automatically retrieving income data from a borrower’s payroll accounts, our platform helps lenders close high-quality loans more quickly while reducing ori.