Verifications provider Argyle announced its integration with Fannie Mae’s Desktop Underwriter (DU) program on Monday, becoming the first DU-authorized report supplier to offer automated income and employment verification reports based on consumer-permissioned, direct-source data.
The integration enables mortgage lenders to use Argyle’s income and employment verification solution to get Day 1 Certainty and relief from representations and warranties on validated data.
The real-time nature of the verifications could help lenders limit loan repurchases, said John Hardesty, general manager of mortgage at Argyle. “As soon as a borrower puts in their credentials, we have live data. From details ⇒
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