ACES Quality Management, Denver, reported the overall critical defect rate for the first quarter of 2023 was 1.78%. That’s down 3.26% from the previous quarter, and the second straight quarter of declines.
Of the major underwriting categories, the Income/Employment category continued to lead for the 13th consecutive quarter, with 31.5% of all defects. However, it saw a 14.66% decline from the previous quarter.
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