With federal oversight shifting under the current administration, some mortgage lenders may feel less pressure to prioritize compliance and loan quality.
Click here to readDENVER, Colo., April 1, 2025—ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the mortgage industry, today announced its Principal Application Architect Josh Reed has been honored among the 2025 HousingWire Rising Stars, which recognizes mortgage and real estate professionals under 40 who have made impactful career decisions driving growth in the industry and at their companies. Reed has been honored as a Rising Star for his outstanding contributions to innovation, efficiency, and compliance in the mortgage industry.
Click here to readThe mortgage industry is at a pivotal moment as it grapples with shifting regulatory requirements and a leadership transition at the Consumer Financial Protection Bureau (CFPB). Following the challenges of economic volatility, shifting regulations and evolving consumer expectations in 2024, the need for a robust and comprehensive quality control (QC) program has never been more evident.
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Click here to readThe rate of critical defects in mortgage loans post-closing decreased by nearly 17% in the third quarter, ending the quarter at 1.51%, according to ACES Quality Management Mortgage QC Trends Report.
Click here to readACES Quality Management, Denver, released its Q3 Mortgage QC Trends Report, finding the overall critical defect rate declined from the second quarter by 17%. The overall rate ended the quarter at 1.51%.
Click here to readThe critical defect rate fell from the second to third quarter, according to a report from ACES Quality Management. However, a sharp rise in insurance defects makes for a more complicated quality control picture.
Click here to readACES Quality Management says that rising insurance defects had an outsized impact in Q3 2024, and it called on lenders to stay vigilant and avoid issues in 2025
Click here to readDefects that would cause mortgages to be uninsurable decreased last year as the market shifted to traditional rate-and-term refinances.
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