ACES News

September 29, 2021

Examining FHFA and HUD’s Memorandum of Understanding RE: Fair Lending

Expert Perspectives: ACES Executive VP of Compliance, Amanda Phillips

• What are the key risks lenders need to monitor and manage?
• How can lenders prevent exposure to regulatory and investor examinations and be ready for the next auditor?
• How does an outside perspective add more value than an internal risk self-assessment?

September 17, 2021

Defects decline as mortgage lenders self-correct

Mortgage lenders have been making strides to right their wrongs, with critical defects falling to a rate of 2.01% in the first quarter of 2021, according to ACES Quality Management’s report published this week.

September 17, 2021

ACES: Rate of Critical Defects in Closed Mortgages Fell Again in Q1

The rate of critical defects in mortgage loans post-closing fell to 2.01% in the the first quarter, down from 2.09% in the fourth quarter of 2020, according to the ACES Mortgage QC Industry Trends Report.

September 16, 2021

Lender critical defect rate falls again

The downward trend in critical defects continued in Q1 2021, ending the quarter at 2.01% versus the prior quarter’s rate of 2.09%, according to ACES Quality Management, a provider of enterprise quality management and control software.

September 16, 2021

Early payment defaults drop below pre-pandemic levels

A key indicator of loan buyback risk has fallen back below pre-pandemic levels, according to Aces Quality Management’s most recent quarterly report.

July 19, 2021

Enter Stage Left: The CFPB Ushers Mortgage Servicing Compliance Into Its Next Act

While the events of 2020 were worthy of a Shakespearian drama, it seems the mortgage industry may have only seen Act I, as 2021 has brought with it fresh challenges on the regulatory front. Chief among these is the Consumer Financial Protection Bureau’s April 1 bulletin, warning mortgage servicers that it would begin increasing its scrutiny of servicer’s handling of forbearance requests and loss mitigation efforts after those forbearances expire.

June 22, 2021

Critical defects in mortgage files reach highest level in years

The critical mortgage loan file defect rate for 2020 was the highest since Aces Quality Management started tracking this data in 2016. Loan documentation findings played a significant role in the increase, the audit technology provider found.

June 21, 2021

Are Lenders Overdue for a Risk Management Wellness Check?

Expert Perspectives: Steve Spies, Principal & Founder of SWS Risk Advisory LLC and Former Fannie Mae Executive

• What are the key risks lenders need to monitor and manage?
• How can lenders prevent exposure to regulatory and investor examinations and be ready for the next auditor?
• How does an outside perspective add more value than an internal risk self-assessment?

June 17, 2021

Latest Fraud Trends and Insights

Expert Perspectives: Data Facts, Rory Tipton

• What types of fraud should lenders be on the lookout for in 2021 and beyond?

• What 7 areas of fraud does Data Facts’ ADV-120 platform evaluate?

• What are the benefits to using an integrated credit reporting service for post-closing QC reverifications?

May 26, 2021

Appraising the State of Appraisal Reviews

Expert Perspectives: Covius-Service 1st SVP of Valuations, Pete Gianfrancesco

• What trends or insights is Service 1st seeing giving the current market conditions?
• Outside of technology, what more are clients asking of Service 1st?
• What are the benefits to using an integrated AMC for Field Reviews in the QC process?