Argyle debuted its integration with Encompass Consumer Connect, a digital mortgage point-of-sale solution from ICE Mortgage Technology, part of Intercontinental Exchange.
In addition, Argyle announced upgrades to its existing integration with ICE Mortgage Technology’s Encompass loan origination system.
Both integrations are built on the Encompass Partner Connect platform, ICE’s latest API framework for third-party mortgage technology service connections.
With Consumer Connect, borrowers can complete mortgage applications on any device, accelerating the loan verification and approval process. By enabling lenders to embed verification of income and employment (VOIE) in the application when borrowers are most engaged, Argyle’s Consumer Connect integration streamlines the loan process from the start, according to a release. Key benefits include:
- Higher borrower conversion and faster processing times: Embedding verification helps remove obstacles for lenders and borrowers, leading to higher application completion rates. By capturing income and employment data earlier in the loan process, lenders reduce bottlenecks that typically delay approvals, increasing the likelihood of moving the loan into processing.
- Interoperability with Encompass LOS: Borrower income and employment data collected by Argyle in Consumer Connect automatically transfers to Encompass. This enables the origination team to access and refresh additional paystubs, W-2s and 1099s directly in Encompass whenever needed.
- Faster, more accurate submission: In addition to W-2s, pay stubs and VOIE reports, Argyle’s raw income data elements automatically populate in the Uniform Residential Loan Application (URLA) to accelerate GSE rep and warrant (R&W) determination.
In addition to the Consumer Connect integration, Argyle has rolled out major enhancements to its Encompass integration, including:
- Streamlined order flow: A redesigned, single-page experience that clearly outlines the status of borrower accounts. Customers can order, track and reverify — all from one view.
- Transparent order tracking for reports: Argyle outlines the status of a customer’s verification requests, ensuring they have the necessary data to move the loan forward.
- Simplified, automated re-verifications: If the verification is outside of the customer’s closing window, Argyle will issue a status update with instructions for re-engaging the borrower and will automatically generate and send the closing verification of employment to the Encompass eFolder.
- Better support for loan teams: Improved email notifications make it easier for team members assigned to the loan file to follow the status of a verification.
“Embedding Argyle into Consumer Connect and enhancing our Encompass integration brings a new level of automation and borrower ease to customers of ICE Mortgage Technology,” Argyle Vice President of Mortgage John Hardesty said in a release. “By placing verification at the start of the borrower journey and optimizing workflows throughout the loan process, lenders can improve efficiency, reduce processing times and deliver a better experience for both borrowers and origination teams.”