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Associated Press
20-05-2025
- Business
- Associated Press
Argyle launches new integration, bringing real-time income and employment verification to Byte LOS customers
- New integration accelerates loan processing, enhances loan quality and embeds verification in the loan origination workflow - NEW YORK CITY, N.Y., May 20, 2025 (SEND2PRESS NEWSWIRE) — Argyle, a platform providing automated income and employment verifications for some of the largest lenders in the United States, today announced a new integration with Byte Software 's loan origination system (LOS). The integration enables lenders to access Argyle's real-time verification of income and employment (VOIE) services directly within the Byte platform, ensuring verification happens when and where it's needed to improve loan quality and keep loans moving forward. Argyle verifies income and employment through secure connections with the borrower's employer or payroll provider. With real-time access to payroll data, Byte users can generate verification reports that reflect the most current income and employment data available throughout the loan process. 'Our integration with Byte gives lenders access to GSE-approved, consumer-permissioned income and employment data and documents at a significantly lower price point than legacy solutions,' said John Hardesty, vice president of Argyle's mortgage division. 'Income and employment verifications in the Byte loan origination system gives lenders an edge in a competitive market, ensuring loans move forward efficiently with accurate, up-to-date income and employment data.' Mark Todd, Byte's EVP of sales and client services, shared similar sentiments: 'We are thrilled to partner with Argyle to bring real-time income and employment verification to our platform. This integration aligns with our commitment to providing our clients with innovative technology solutions that enhance the borrower experience and streamline the loan origination process.' For more information about Argyle's LOS integrations, visit About Argyle: Argyle is the leading provider of direct-source, consumer-permissioned income and employment verifications, making it fast and easy to gain secure and reliable access to the most complete real-time datasets stored in consumers' payroll accounts. With Argyle, lenders automate verification workflows to save time, reduce fraud and compliance risks, lower costs, and build better product experiences. As an authorized report supplier for Fannie Mae's Desktop Underwriter® validation service and an approved service provider supporting Freddie Mac's Loan Product Advisor® asset and income modeler (AIM), Argyle empowers mortgage lenders to auto-retrieve paystubs and W-2s, understand consumers' ability to pay and improve loan quality – all at 80% less cost. Argyle's commitment to innovation is backed by investors including Bain Capital Ventures, SignalFire, Checkr and Rockefeller Asset Management. For more information on Argyle's industry-leading VOIE platform, visit Tags: @withArgyle #mortgage #lending NEWS SOURCE: Argyle ### MEDIA ONLY CONTACT: (not for publication online or in print) Leslie W. Colley Depth for Argyle [email protected] (678) 622-6229 - and - Robert Palmer Byte Software [email protected] REQUEST A DEMO: ### Keywords: Finance, ARGYLE automated income and employment verifications, Byte Software, fintech, VOIE, loan origination system, NEW YORK CITY, N.Y. This press release was issued on behalf of the news source (Argyle) who is solely responsibile for its accuracy, by Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P126291 APNF0325A To view the original version, visit: © 2025 Send2Press® Newswire, a press release distribution service, Calif., USA. RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT. Disclaimer: This press release content was not created by nor issued by the Associated Press (AP). Content below is unrelated to this news story.
Associated Press
15-05-2025
- Business
- Associated Press
Using Machine Learning, Freddie Mac Announces Automated Underwriting That Can Save Mortgage Originators Up To $1,500 Per Loan
MCLEAN, Va., May 15, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced automations to its underwriting to further reduce costs, create greater efficiency and improve the origination process for both borrowers and lenders. Utilizing machine learning, this new technology is included in Loan Product Advisor ® (LPA®) effective today, as the company is greenlighting on-hold innovation, cost reduction and delighting the customer as a result of the mandate to use technology from U.S. Federal Housing FHFA Director and Chairman of Freddie Mac's Board of Directors, William J. Pulte. 'It's the year 2025, and the time to streamline the homebuying experience is now. Under the leadership and guidance of Director Pulte, we expedited this version of LPA® to increase efficiency and further lower costs,' said Sonu Mittal, Freddie Mac's Executive Vice President and Head of Single-Family Acquisitions. 'After the last 4 years of astronomical inflation, it is important that we lower costs any way we can, and we encourage lenders to use this technology to pass savings onto customers, effective immediately,' said William J. Pulte, Chairman of Freddie Mac. Freddie Mac is also launching a new feature called Freddie Mac Income Calculator, a free online tool to help potential homebuyers in the gig economy by enabling lenders to more accurately and efficiently calculate wage earner and self-employed borrower income. Later this year, more options will be added to also factor in pensions, social security and rental income. Today's update also drives cost savings through a wide range of additional enhancements, including early insights on the automated collateral evaluation (ACE) waivers that have already saved families more than $2 billion in appraisal costs since 2017. It also includes new tailored information about Freddie Mac's purchase requirements in the form of actionable LPA Choice ® feedback messages that save time, money and increase originations for lenders. LPA Choice has enabled lenders to qualify an additional 18,000 borrowers for a mortgage with a focus on safety and soundness. Lenders who utilize machine learning-based automations through LPA save money, have shorter cycle times and have greater customer satisfaction, according to a recent analysis. A fully digitized mortgage process can help save up to 40% in costs. Specifically, lenders who maximize automation through Freddie Mac are originating loans that are $1,500, or 14%, cheaper and tend to have a 5-day shorter loan production cycle time. LPA's new enhancements are available immediately. Lenders should check with their platform providers for specific release dates on their LOS systems. About Freddie Mac Freddie Mac's mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn more: Website | Consumers | Twitter | LinkedIn | Facebook | Instagram | YouTube MEDIA CONTACT: Chad Wandler 703-903-2446 [email protected]
Associated Press
20-02-2025
- Business
- Associated Press
Informative Research's AccountChek expands payroll provider network for mortgage lenders assessing income through Freddie Mac's AIM
GARDEN GROVE, Calif., Feb. 20, 2025 (SEND2PRESS NEWSWIRE) — Informative Research, a premier technology provider delivering data-driven credit and verification solutions to the lending community, announced an enhancement to its integration with Freddie Mac's Loan Product Advisor® (LPASM) asset and income modeler (AIM). This enhancement enables LPA to assess income and employment for eligibility of representation and warranty relief for lenders using AccountChek® for automated verification of income and employment (VOIE) across a broad range of supported payroll providers. As an approved third-party service provider, AccountChek enables lenders to obtain and transmit to LPA borrower data required for LPA's automated assessment of income, assets and employment verification. 'AccountChek's enhanced integration with AIM represents a major step forward for both mortgage lenders and borrowers,' said Brian Francis, Head of AccountChek at Informative Research. 'By expanding payroll provider access, we're helping lenders reduce risks, enhance loan quality and accelerate loan processing times, all while providing borrowers faster approvals, expanded access to credit and reduced documentation burdens.' AIM automates the assessment of mortgage borrower assets, income and employment data through designated third-party service providers like AccountChek. Using consumer-permissioned technology to obtain direct-to-source data improves verification accuracy and efficiency, enabling lenders to streamline loan origination workflows, accelerate overall processing time and make better-informed lending decisions faster. 'We're truly excited about our collaboration with Informative Research and this opportunity to expand access to LPA's capabilities,' said Daniel Miller, Freddie Mac Single-Family Director of Strategic Technology Partnerships. 'Informative Research's approach to solving industry challenges aligns with Freddie Mac's efforts to help lenders drive down the cost to originate, elevate loan quality and make homeownership more achievable for all.' About Informative Research: Informative Research, a Stewart company, is a premier technology provider delivering data-driven credit and verification solutions to the lending community. The solutions provider currently serves mortgage companies, banks, and lenders throughout the United States. The company is recognized for streamlining the loan process with its straightforward service model, progressive solutions, and cutting-edge technology. To learn more, visit ### MEDIA ONLY CONTACT: (not for publication online or in print) Lindsey Neal Depth for Informative Research (404) 549-9282 [email protected] ### Keywords: Mortgage, Freddie Mac, Informative Research, fintech, AccountChek, LPA borrower data, Loan Product Advisor, GARDEN GROVE, Calif. Send2Press® Newswire. Information is believed accurate but not guaranteed. Story ID: S2P124192 AP-R15TBLLI RIGHTS GRANTED FOR REPRODUCTION IN WHOLE OR IN PART BY ANY LEGITIMATE MEDIA OUTLET - SUCH AS NEWSPAPER, BROADCAST OR TRADE PERIODICAL. MAY NOT BE USED ON ANY NON-MEDIA WEBSITE PROMOTING PR OR MARKETING SERVICES OR CONTENT DEVELOPMENT.
