Case Study: NFM Lending saves 80% on verifications with Argyle

With Argyle, NFM Lending optimizes the borrower experience and saves 80% on income and employment verifications

NFM Lending, a multi-state independent mortgage banker, wanted to streamline the home loan process while reducing the cost and manual effort of income and employment verification. Facing rising prices from its existing VOI/E provider and continued paper-chasing for paystubs and W-2s, NFM Lending turned to Argyle to improve the borrower experience and control verification costs.

With Argyle’s income and employment verification solution, including direct payroll connections and Doc VOI as a fallback, NFM Lending gave borrowers a faster way to connect their data and eliminated much of the paperwork in the origination process. Argyle helped NFM Lending save about $100 per loan, cut verification costs by 80%, achieve 60%+ borrower conversion to payroll connections, and reduce application-to-clear-to-close time by 10 days.

NFM Lending

Cindy Keith

Chief Strategy Officer