Argyle announces verification of assets through Finicity

Argyle, a service provider automating income and employment verifications, recently announced the availability of verification of assets (VOA) powered by Mastercard’s open finance technology.

A release from Argyle says that the expanded offering allows lenders to confirm borrowers’ balances, cash-to-close and cash-flow history alongside income and employment.

By combining direct-source banking data from Mastercard’s U.S. open finance unit, Finicity, with Argyle’s payroll integrations, service providers can streamline asset, income and employment verifications through a single provider, with the goal of minimizing manual document collection and speeding up the verification process.

“This expansion of Argyle’s platform enables customers to satisfy every major verification requirement — income, employment and assets — through one streamlined relationship,” said John Hardesty, vice president of mortgage at Argyle. “Lenders gain comprehensive insights into their consumers, maximize their verification waterfall conversion and receive world-class service from a centralized team — getting the support they need from a single, trusted partner.”

The new solution offers Argyle’s customers frictionless delivery, meaning that asset, income and employment verifications can be embedded directly in the loan application process at the point of sale (POS), rent payment history up to 24 months of transactions and centralized support.

“Borrowers and lenders alike expect seamless, efficient digital experiences—including their verification services,” said Bart Willaert, executive vice president of open banking, Americas at Mastercard. “Our open finance solutions simplify the process for everyone involved while expanding access to credit for those traditionally underserved. We’re thrilled to broaden these opportunities through our collaboration with Argyle.”