Argyle’s VOIE Platform Sees Record Growth Due To Lender Demand

By KIMBERLEY HAAS

A service provider that automates income and employment verifications for some of the largest mortgage lenders in the United States had a year that surpassed expectations in 2024.

Based in New York City, Argyle works with more than 100 mortgage customers, including seven of the nation’s top 15 retail lenders.

In 2024, the company was approved as a third-party service provider for Freddie Mac’s Loan Product Advisor asset and income modeler. Like Argyle’s 2023 collaboration with Fannie Mae, the integration helps lenders reduce mortgage repurchase risk.

Argyle also formed or expanded partnerships with several major loan origination systems and point-of-sale platform providers, including ICE Mortgage Technology, Floify, Byte Software, and nCino. 

The company eclipsed its full-year 2023 growth in the first nine months of 2024, according to a press release. 

Argyle’s income and employment verification solution integrates with lenders’ point-of-sale and loan origination systems to instantly retrieve income and employment data for loan officers.

Chief Operating Officer Brian Geary said during a recent interview with The Mortgage Note that one of their keys to success is the fact that they spend time on-site with lenders who use their verification solutions.

“The results that we’re seeing are pretty incredible. Clients are telling us that they’re saving 80% over the costs of some of the traditional products that they’ve been using in this space,” Geary said.

He said they are seeing a consistent conversion rate above 55%.

Geary said their goal is to reduce friction on both sides when it comes to making the mortgage experience easier for borrowers and lenders.

Borrowers can grant permission to have Argyle send lenders their data so they don’t have to retrieve necessary documents, which can be time-consuming and confusing.

Argyle then packages the data for lenders, making calculations Geary said they can rely upon.

Geary said they will be rolling out new integrations in 2025. In addition to putting control into the hands of borrowers and driving down costs for lenders, their focus is to maximize the completion rate with their product.

Argyle was founded in 2018 and Geary said the company got to where it is today because of client feedback.

“We’re grateful for all of the feedback we have gotten from our clients. That is one of the things that has really propelled our business forward,” Geary said.

Argyle is backed by investors including Bain Capital Ventures, SignalFire, Checkr, and Rockefeller Asset Management.

The company’s growth in 2024 was supported by a $30 million Series C funding round.