Case Study: Compass Mortgage cuts verification costs 43% and boosts VOIE conversion with Argyle

Compass Mortgage cuts verification costs by 43% with Argyle

Compass Mortgage, a national mortgage lender, faced challenges with costly and inefficient income and employment verifications using their previous provider, The Work Number. High fees and frequent data inaccuracies created a labor-intensive process for staff and a poor experience for borrowers. They sought a more affordable and reliable solution, which led them to the vendor Argyle.

Argyle provided a platform for direct payroll data access and document-based verification. This solution delivered significant results for Compass Mortgage, including a 43% reduction in verification costs and a dramatic increase in borrower completion rates to a consistent 58%. The implementation also allowed for faster verification times and provided more routes to rep and warranty relief, validating their decision to partner with Argyle.

Compass Mortgage