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.
Click here to readARMCO will be exhibiting at the CBA Live Conference March 23-25, 2020 in San Diego, CA. We'd love to meet with you and discuss your Consumer Lending quality control & compliance goals.
Click here to readDENVER, Colo., February 27, 2020—ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced today it has added questionnaires related to the Home Mortgage Disclosure Act (HMDA) to the ACES Intelligent Questionnaire (ACES IQ) functionality contained within the ACES Audit TechnologyTM system. With this set of HMDA-specific questions, ACES users can quickly and easily conduct quality control on their HMDA data before reporting this data to their assigned federal HMDA regulator.
Click here to readDENVER, Colo., January 30, 2020— After a remarkable 2019, ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, is looking ahead to 2020 for what promises to be an outstanding year. In addition to adding several lenders to its growing roster of clients – including Bay Equity Loans, KWIK Mortgage, The KLR Group and multiple top-25 mortgage companies – ARMCO also achieved a company record in 2019 of one million audits conducted in a single year in its flagship audit platform ACES Audit TechnologyTM.
Click here to readARMCO will be exhibiting at the MBA's Servicing Conference February 23-26, 2020 in Orlando, FL. We'd love to meet with you and discuss your servicing quality control goals and how ARMCO can help you reach your fullest potential.
Click here to readBy 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.
Click here to readDenver, CO., Dec. 19, 2019 — ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report covers second quarter (Q2) 2019 and provides loan quality findings for mortgages reviewed by ACES Audit Technology™.
Click here to readBy 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.
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