Transform your mortgage
operations with Argyle +
Day 1 Certainty®
Transform your mortgage
operations with Argyle +
Day 1 Certainty®
Reduce costs, accelerate loan cycles, and get relief from representations and warranties on validated data through Fannie Mae when you use Argyle with the Desktop Underwriter® (DU®) validation service.
Using Argyle with the DU validation service, a component of Fannie Mae’s Day 1 Certainty program, helps lenders stay competitive
60–80% cost
savings
savings
Compared to legacy vendors and
manual processes
manual processes
Better-converting
verifications
verifications
Thanks to the highest conversion rate
on the market (55%+)
on the market (55%+)
Shorter loan
cycles
cycles
Close up to 8 days sooner,
according to DU data*
according to DU data*
Relief from reps and
warranties
warranties
On certain loan components
validated through DU
validated through DU
Day 1 Certainty meets direct-source verifications
A first for lenders
Before Argyle, lenders didn’t have a consumer-permissioned VOI or VOE option that was also an authorized report supplier for the DU validation service.
The best of both worlds
When lenders choose Argyle, they get all the advantages of direct-source, consumer-permissioned verifications plus the peace of mind of GSE compliance and a lower buyback risk.
What are direct-source verifications?
Straight from the source
Direct-source income and employment verifications are consumer-permissioned and come from the system of record (i.e., borrowers’ payroll accounts).
Accurate, quality data
Argyle VOI and VOE reports don’t rely on data that comes from a database and there’s no time lag, so lenders can be confident in the accuracy and quality of the data they receive.
No expensive middleman
Other income and employment verification vendors buy data and pass those costs on to lenders. Direct-source solutions keep prices low by leveraging the principles of open finance.
Learn how Argyle is transforming the mortgage lending experience through direct-source verifications
"Before Argyle, we had two options: verify members’ income and employment through an expensive legacy vendor or require members to manually provide various income-related documents. With Argyle, we get the best of both worlds—fast, friendly verifications, without the excessive price tag."
Kathleen Flanagan
Senior Manager, Home Equity Operations at Bethpage Federal Credit Union
Using Argyle with DU is easy, secure, and seamless for lenders and borrowers alike
You order a VOl/VOE report from Argyle through your loan origination system (LOS).
Argyle prompts the borrower to connect their payroll account(s) with just a few clicks.
Argyle instantly sends your LOS a GSE-compliant VOI/VOE report that includes a DU reference number and all of the components required to receive Day 1 Certainty.
You provide DU with the reference number, and DU pulls in and validates the data from the Argyle report.
You deliver the loan file to Fannie Mae with the confidence of knowing you will get relief from representations and warranties on the validated loan components.
The bottom line
Lenders now have a consumer-permissioned income and employment verifications option that costs less than alternatives and meets GSE requirements for relief from representations and warranties. The best part is, lenders can implement Argyle in under 24 hours.
* Numbers based on data from April 2019-March 2020 from lenders who have successfully implemented the DU validation service in their loan workflow. Note that lenders realizing best-in-class savings had extended cycle times when not using the DU validation service, typically about 40-45 days from app-to-close.
Start transforming your lending operations
Reach out to our team. We can get you verifying with Argyle as soon as tomorrow.