3Q Critical Defect Rate Posts Series High

MBA NewsLink

Published March 24, 2023

ACES Quality Management, Denver, said the overall critical defect rate for mortgage underwriting in the third quarter rose to a series high.

The company’s quarterly Mortgage QC Industry Trends Report covering the third quarter found the overall critical defect rate increased by 20.5% over the second quarter, ending at 2.47% – a report high.

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