ACES News

March 02, 2020

2020 HW Tech100 Mortgage winner: ARMCO

by HousingWire staff

ACES Audit Technology expedites turn times, increases reliability and imparts standardization, accountability and auditability in virtually any quality control process. It can be used across departments and silos, regardless of how nuanced the requirements or regulations are. ARMCO consolidated QC for mortgage and consumer lending into one central unit and reduced monthly reports for lenders from eight manually compiled reports to one interactive report.

February 18, 2020

The Biggest Hurdles Facing Servicing Quality Control and How to Rise Above it

Expert Perspectives: ARMCO’s EVP of Operations, Sharon Reichhardt

• Perennial quality control issues that mortgage servicers are continuously trying to address.
• How disaster planning impacts servicing qc.
• How servicers can use technology to stay on top of QC.

December 20, 2019

Defect Rate For Closed Mortgages Continued to Fall in Q2

By Patrick Barnard - December 20, 2019

The rate of critical defects in closed mortgages dropped to 1.72% of all loans sampled for ARMCO’s second quarter Mortgage QC Trends Report.

December 19, 2019

Better volume, profits reduce critical defects in mortgage files

By Brad Finkelstein - December 19, 2019

The critical defect rate for closed mortgage loans continued its decline in the second quarter, as lenders benefited from increased loan volume and profitability, an Aces Risk Management study found.

For the first time since the third quarter of 2016, the critical defect rate dropped for two consecutive quarters. Higher volume and profits factor in, providing less incentive for some lenders to cut corners to keep production up.

November 21, 2019

New Capital Partners: A Conversation with Trevor Gauthier, CEO of ACES Risk Management (ARMCO)

July 2019 marked the beginning of NCP’s partnership with ACES Risk Management (ARMCO), the leading provider of enterprise transaction risk management solutions to the financial industry. Trevor Gauthier joined the ARMCO team in October as Chief Executive Officer, bringing 20 years of executive experience in enterprise SaaS technology solutions and a track record of leading high-growth companies. We talked to Trevor about his professional history, his role at ARMCO and his plans for the future of the company.

September 17, 2019

Fewer critical defects in closed mortgages, but income errors rise

By Brad Finkelstein

September 16, 2019

While the critical defect rate for closed mortgage loans fell on a quarter-to-quarter basis, there were increases in income and packaging-related deficiencies, an Aces Risk Management study found.

September 17, 2019

MBA Insights Slideshow: ARMCO Q1 2019 Mortgage Quality Control Industry Trends

Slideshow: ARMCO Mortgage Quality Control Industry Trends

September 16, 2019

ARMCO: Technology Helped Lower Mortgage Defect Rate in Q1

By Patrick Barnard - September 16, 2019

The rate of critical defects in mortgage loans continued to fall in the first quarter, dropping to 1.82% of all loans, a decrease of 6% compared with 1.93% of all loans in the fourth quarter of 2018, according to the ARMCO QC Trends Report.

Although the rate of defects was down overall, there was a slight uptick in defects related to underwriting and eligibility, with more defects attributed to income/employment than any other category.

July 17, 2019

Expert: Digital mortgages could lead to higher paying positions

HousingWire sat down with ARMCO executive Volpe to talk about the housing industry’s end goal for the digital mortgage.

April 02, 2019

Loan Quality in the Era of ULDD and URLA

Mortgage Compliance Magazine by Phil McCall | April 2, 2019

One of the more pressing initiatives over the past year relates to the updates to the Uniform Residential Loan Application (URLA) and the Uniform Loan Delivery Dataset (ULDD). For the first time in about 20 years, the URLA is getting a major overhaul and it isn’t just cosmetic. The URLA has a whole new format, with new fields, data points and requirements. With the initiatives going into effect in February 2020, it’s high time that lenders take a look at how they will impact the industry’s approach to loan quality going forward.