ACES: 4Q Critical Defect Rate Rises to 1.95%

MBA NewsLink

Published June 23, 2022

ACES Quality Management, Denver, said overall critical defect rates increased in the fourth quarter.

The company’s Q4 Mortgage QC Industry Trends Report found the overall critical defect increased 0.08% to 1.95%, a change of 4% from the prior quarter, as lenders transitioned to a purchase-heavy lending environment.

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