Argyle, provider of an employment data platform that provides companies access to user-permissioned employment records in real time, has formed a strategic partnership with FinLocker, which will integrate employment and income data into its financial fitness app to help qualify consumers for a mortgage. 

The companies say this partnership will enable consumers to securely connect their payroll data from over 110 million U.S. employers directly into their FinLocker app, empowering consumers to present themselves to their financial institution as verified borrowers, with their identity, employment, income, credit, and assets confirmed within their app.

“Mortgage decisions are based on a lender’s ability to verify a borrower’s identity, employment, income, credit, and assets. However, this frequently laborious process often requires the borrower to provide multiple documents to their lender, causing friction and slowing down the decision process,” said Henry Cason, CEO of FinLocker. “We chose to partner with Argyle to enhance FinLocker’s data verification process because they align with our mission of empowering borrowers to leverage their consumer-permissioned financial data to gain access to mortgages in an unbiased and more efficient manner.”

Consumers can share this data directly from their FinLocker to start the mortgage application.

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