ACES Quality Management Updates Reporting Library to Incorporate Recent Guidance by Fannie Mae

Published July 26, 2022

DENVER, Colo., July 27, 2022—ACES Quality Management® (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced that it has enhanced its reporting library within its flagship audit platform ACES Quality Management & Control® Software to help align with recent mortgage quality control (QC) reporting recommendations issued by Fannie Mae.

“ACES has utilized Fannie Mae’s loan defect taxonomy for years to help lenders better understand the quality of their production,” said ACES CEO Trevor Gauthier. ”With the addition of these new reports, our clients can now align both their defect categorization and defect reporting with Fannie Mae’s expectations, demonstrating an additional commitment to meeting Fannie Mae’s QC directives.”

These recommendations, which were outlined during the Nov. 10, 2021, Fannie Mae Boot Camp webcast, advised lenders to utilize the following three levels of reporting to ensure the effective management of their QC programs:

Fannie Mae also recommended that lenders tailor these reports to reflect the needs and concerns of each audience and the frequency of publication. General areas that all reports should include are as follows:

In addition to adding these reporting capabilities to the ACES platform, the ACES reporting team is working on additional reporting functionality to support the Fannie Mae QC Calibrations. To learn more about Fannie Mae’s QC reporting recommendations, access the Boot Camp recordings at or visit to read the June 2022 edition of the Fannie Mae Quality Insider on “Strengthening Your QC program: QC Reporting.”

ACES featured some of these news reports in the recent HousingWire webinar, "QC Trends and How to Prepare for Next Generation GSE Reporting".

About ACES Quality Management

ACES Quality Management is the leading provider of enterprise quality management and control software for the financial services industry. The nation’s most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control® Software to improve audit throughput and quality while controlling costs, including:

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology®, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit or call 1-800-858-1598.

Media Contact

Lindsey Neal | DepthPR for ACES Quality Management | (404) 549-9282 |

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