Argyle, which provides automated income and employment
verifications for lenders, recently tapped Jason Cave, former chief
fintech officer and deputy director of the Federal Housing Finance Agency’s
(FHFA) Division of Conservatorship Oversight and Readiness, to join its board
of advisors.
Cave has more than three decades of experience in U.S.
banking regulation, according to a company press release. Before joining the
FHFA, Cave spent 27 years at the Federal Deposit Insurance Corp. (FDIC),
where he served as a senior advisor within the Division of Complex Institution,
Supervision and Resolution, as well as other roles.
“After 30 years in government, I’m investing my experience
and energy in the fintechs that are working to solve the many entrenched
challenges within banking and mortgage,” Cave said in the release. “Argyle is a
company that is making real, measurable strides toward making mortgages more
fraud-resistant and cost-effective in an industry where modernization is often
an uphill battle. We can expect a lot more innovation to come from Argyle, and
I’m energized to be a part of it.”
He has also helped shape international bank policy as a
former chairman of the Basel Committee’s task force on simplicity and
comparability, leading negotiations for the post-crisis reform package known as
Basel III.
After launching the FHFA’s Office of Financial Technology in
2022, Cave introduced its first annual Velocity tech sprint in 2023, the
release states. The three-day event challenged practitioners from across the
technology and mortgage finance sectors to build and present innovative
solutions for increasing access, fairness, affordability and sustainability in
mortgage lending.
“No one understands the intersection of financial regulation
and technology better than Jason Cave,” Argyle CEO Shmulik Fishman said in the
release. “It’s an honor to welcome Jason to our advisory board, where his
guidance will be invaluable in helping Argyle navigate the D.C. landscape as we
drive advancements the mortgage industry needs to thrive.”
Cave’s appointment to the Argyle advisory board follows that
of fellow mortgage industry veterans Sam Oliver III and Terri
Davis, both of whom joined in 2023. Oliver boasts three decades of experience
at Freddie Mac, while Davis has held leadership positions at Fannie Mae, ICE
Mortgage Technology and Notarize.