Overview
Floify Verify now supports Verification of Assets (VOA) in addition to Verification of Income and Employment (VOI/E) and Verification of Employment (VOE). VOA allows your borrowers to connect their financial institution directly from the loan flow, and returns a GSE-accepted asset report without you having to manage a separate tool.
The VOA report generated through Floify Verify meets Day 1 Certainty® (Fannie Mae) and AIM (Freddie Mac) eligibility requirements.
Please note: Running Floify Verify VOA reports incurs a fee. You will only be charged if a report is successfully generated. By enabling this for your company, you agree to Argyle's Customer Terms. Read the terms when you enable this feature.
Before You Begin
Floify Verify must already be enabled at the company level before VOA can be enabled for a team. If your company is already using Floify Verify for VOI/E or VOE — VOA appears as a new option within your existing Floify Verify settings.
Note: In this release, VOA supports checking and savings accounts only. Investment accounts such as retirement, stock, and bond accounts are not yet supported.
How to Setup
Company Dashboard
Navigate to Company Settings:
Select the Integrations tab:
Navigate to Floify Verify and select the option to Edit Floify Verify:
Check the box to Enable Verification of Assets (VOA) through Floify Verify. If you would also like your teams to be able to generate invoices for their verification reports, check Allow LO Team to generate Floify Verify Invoices:
Note: Enabling VOA does not affect your existing VOI/E or VOE settings.
Note: You can read Argyle's Customer Terms at this link or directly in the software.
Once completed, VOA is live at the company level and ready to be turned on for individual teams.
Team Settings
On the Team Dashboard, navigate into Team Settings:
Navigate to Integrations > Floify Verify > Edit Floify Verify:
Check the box to Enable "Verification of Assets" for your team and press Save:
Note: This checkbox is only visible if VOA has been enabled at the company level first.
Completing this enables VOA requests through Add New Doc in the loan flow. For instructions on ordering a report, see [link to: Running VOA Reports Using Floify Verify].
Enabling Automatic Borrower Request in the Loan Application
You can configure your loan application to allow for your borrowers to connect their employers while filling out their initial application as well. This will subsequently allow for VOA reports to be automatically ordered as soon as the borrower submits the application.
To enable the automatic requests for VOI/E in the Prospect Application, navigate to Apply Now > Edit Apply Now General Settings:
Check the box to Enable verification of assets (VOA):
Select Floify Verify from the drop down, set the Days of Historic Bank Statement Transactions to Pull and press Save:
Please note: turning on this setting will automatically order VOA reports. These reports incur a fee. You will only be charged if a report is successfully generated. By enabling this for your company, you agree to Argyle's Customer Terms. Read the terms when you enable this feature
Automatically Requesting VOA with Business Rules
Rather than ordering each report manually, you can configure Floify to create a VOA order automatically when a loan meets conditions you define.
Navigate to Team Settings > Customizations > Business Rules, then create a rule with a Verification of Assets action:
Controlling Where Completed Reports Land
VOA reports follow your existing auto-approval setting for Floify Verify documents. To review it, navigate to Team Settings > Apply Now General Settings > Automatically approve loan application documents and check the setting for Floify Verify Reports & Income Docs:
When enabled, completed VOA reports are placed directly in the Accepted bucket. When disabled, they arrive in Docs Pending for your review. No separate VOA setting is required — VOA falls under the existing option.
Cloning These Settings
Both the company-level and team-level VOA checkboxes are cloneable, so you can apply them across teams without configuring each one individually.