Integration with SimpleNexus represents a win for mortgage companies looking to radically streamline operations and upgrade the borrower experience.
We’re thrilled to announce that Argyle, the most trusted network for income and employment data, has integrated with SimpleNexus, an nCino company, to make automated, fully digital income and employment verification a seamless addition to the homeownership platform's point-of-sale (POS) workflow.
For the more than 300 mortgage companies and 42,000 loan officers using SimpleNexus to manage their loan application process, the implications of our no-code integration are powerful—fewer touchpoints, less friction, and higher conversions at up to 80% cost savings compared to other verification providers.
How it works
For SimpleNexus lenders who also use Argyle as their income and employment verification solution, the process couldn’t be simpler:
A borrower submits their SimpleNexus loan application, triggering a custom email or SMS invitation to connect their payroll account in seconds from any computer or mobile device.
The borrower logs into their payroll account and authorizes the connection, establishing a continuous stream of direct-source income and employment data.
Argyle sends verification of income (VOI) / verification of employment (VOE) reports plus digital paystubs and W-2s to the lender’s SimpleNexus account for centralized document access.
If the lender’s LOS is integrated with SimpleNexus, the LOS receives copies as well.
Mortgage lenders avoid the hassles and tedium of borrower outreach and admin, and borrowers no longer have to jump through hurdles to track down and upload their financial documents. Meanwhile, lenders benefit from Argyle’s market-leading coverage, with hit rates 4x to 5x higher than other verification providers at a fraction of the cost.
“Our integration with SimpleNexus is a slam dunk for our mutual customers,” said Shmulik Fishman, CEO and co-founder of Argyle. “In addition to the efficiencies SimpleNexus affords them across the loan life cycle, lenders now have access to a completely automated verification workflow that marries seamlessly with their POS and LOS to push loans through the pipeline with exceptional efficiency. At scale, that’s transformative.”
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