Thanks for the info. I'll have time this week to mess around with the ASIO drivers, so hopefully that'll fix me up. Much appreciated!
Solved my problem. I recently updated my motherboard but after the install neglected to edit my sound card settings to include multiple inputs and outputs. This caused the audio I/O to use the same audio stream which, apparently, ended up bypassing ASIO altogether.
I appreciate the input from you guys. Thanks!