nCino Launches Doc VOI to Help Lenders Automate Document-based Income Verification

Core Insights - nCino has launched a new feature called nCino Doc VOI powered by Argyle, aimed at improving the efficiency of income verification for lenders in the mortgage process [1][2] Group 1: Product Features - nCino Doc VOI automates the verification of borrower income, replacing the traditional manual review of paystubs and W-2s, thus enabling faster and more cost-effective income verification [2][4] - The feature integrates with Freddie Mac's AIM Check API, allowing lenders to submit document-derived income data for automated assessment early in the underwriting process [3] Group 2: Operational Efficiency - The introduction of nCino Doc VOI allows lenders to extend automation across their mortgage pipeline, qualifying borrowers earlier and reducing manual touchpoints without adding complexity [4] - The automation provided by nCino Doc VOI is expected to significantly reduce the operational intensity associated with income verification in mortgage lending [4] Group 3: Market Position - nCino serves over 2,700 customers globally, including community banks, credit unions, and large financial institutions, positioning itself as a leader in providing intelligent banking solutions [5]