Xactus Partners with Argyle for Enhanced Consumer-Permissioned Verifications

Xactus Integrates Argyle for Improved Verification Solutions

In an innovative move significantly impacting the mortgage industry, Xactus has announced its partnership with Argyle, a leading provider of direct-source consumer-permissioned income and employment verifications. This collaboration aims to enhance the capabilities of Xactus360, Xactus's Intelligent Verification Platform, providing lenders with unprecedented access to real-time, government-sponsored enterprise (GSE) approved payroll and banking data.

The core of this integration is Argyle's Verification of Income and Employment (VOIE) solution, which allows lenders to access essential verification information directly from consumers' employers. This streamlined approach enhances accuracy, transparency, and reduces the cumbersome process of manual document collection, ensuring lenders receive faster and more comprehensive data necessary for informed decisions.

Tom Gallucci, the Executive Vice President for Strategic Sales at Xactus, highlighted the importance of flexibility in verification processes. "Our goal has always been to provide lenders with flexibility, choice, and control," Gallucci remarked. By incorporating Argyle’s industry-leading verifications into Xactus360, lenders are now enabled to verify consumer information in real-time, thus enhancing the overall verification process while also reducing operational costs.

Argyle offers impressive national coverage, reaching 90% of employers and payroll providers. Additionally, the integration supports GSE compliance, providing critical relief concerning representation and warranty for verified data. With its consumer-permissioned model, this solution offers a secure, compliant alternative to outdated verification databases, while significantly reducing costs by up to 80%.

Xactus360 now allows lenders the ability to configure Argyle verification within their workflow. This means they can choose to utilize Argyle's solutions either for immediate verification or use it in conjunction with other alternative verification methods. Seamless integration options via Encompass or direct API connections ensure that all users experience consistent and efficient service, no matter their existing workflow setup.

Sasha Stair, Chief Marketing Officer at Xactus, emphasized that every new integration reinforces the concept of Intelligent Verification within the industry. Stating, "Bringing Argyle onto our platform enhances Xactus's image as a collaborative partner that continually innovates and expands options for lenders, ensuring that their technological needs are met both now and in the future.”

This exciting partnership follows Xactus's recent collaboration with Plaid, which further emphasizes their leadership role in developing a comprehensive Intelligent Verification Platform. By continually adding integrations, Xactus is committed to expanding its ecosystem's capabilities, empowering lenders to select optimal verification solutions for their distinct needs.

About Xactus
Xactus specializes in creating innovative verification solutions tailored specifically to the mortgage and financial services sectors. Utilizing cutting-edge technology alongside deep industry insight, Xactus streamlines the loan origination and servicing cycles, ultimately enabling clients to achieve faster, more accurate mortgage decisions while minimizing wasted resources.

For more information on Xactus’s cutting-edge solutions, visit xactus.com or reach out via email at [email protected] for media inquiries.

Together, Xactus and Argyle are pioneering the future of Intelligent Verification, setting a new standard for consumer data verification in the mortgage industry.