“After last quarter’s historic high of 2.47%, the reduction in Q4’s critical defect rate to a sub-2% level is encouraging and illustrates just how much the precipitous drop in origination volumes impacted lending operations,” said ACES EVP Nick Volpe.
Read More »Q2 Critical Defect Rate up 6%
ACES Quality Management has released the findings of its latest Industry Trends Report for the second quarter of 2022, which found that the overall critical defect rate increased 6% compared to Q1 and crossed the 2% threshold for the third time in report history.
Read More »Critical Defect Rate Dips
Despite the quarterly decline, analysts say lenders and servicers should be mindful of what is on the horizon.
Read More »ARMCO Appoints Nick Volpe as CSO
At ARMCO, Volpe is charged with expanding the adoption of ACES Audit Technology across financial enterprises and shepherding new solutions to market.
Read More »ARMCO Equips ACES Audit with Updated, Customizable Questionnaires
ACES Risk Management (ARMCO), a provider of web-based audit technology for the mortgage industry, unveiled new capabilities for its ACES Audit Technology. Servicers can now modify and update compliance questionnaires in ACES as rules and processes change.
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