ACES NEWS

Category: Article

October 27, 2022

Changes to Fannie Mae’s Pre-Funding QC Requirements are on the Horizon. Are You Ready?

As industry headlines and first-hand experience has demonstrated, market change is underway. However, market conditions aren’t the only thing showing signs of change. At the recent Mortgage Bankers Risk Management, Quality Assurance and Fraud Prevention conference, Fannie Mae hinted at forthcoming changes to its pre-funding quality control requirements.

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October 05, 2022

Mortgage servicing fintech Valon beefs up compliance tracking

Digital mortgage-servicing platform Valon will use ACES' quality management and control software to handle compliance efforts.

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August 02, 2022

Change Your ‘Target-rich’ Market Adjusting to Non-Conventional Mortgage Products and Compliance Disciplines

Borrowing shamelessly from one of hot-shot pilot Maverick’s famous lines in the original Top Gun film, the sudden and rapid interest rate rise has predictably contracted what had for years been a “target-rich environment” for qualified mortgage lending. But that’s not the end of the story. It’s just another sequel, as lending veterans can attest.

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July 14, 2022

Mortgage Tech Update: Part I

MReport gathered a panel of experts to weigh in on several tech-related topics. Some are new to the game, and some are seasoned vets, like ACES Quality Management President Phil McCall.

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July 14, 2022

Mortgage Tech Update: Part 2

MReport gathered a panel of experts to weigh in on several tech-related topics. Some are new to the game, and some are seasoned vets, like ACES Quality Management President Phil McCall.

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July 12, 2022

Building 3 Lines of Defense for Maintaining Quality in Mortgage Servicing

Expert Perspectives: ACES Executive VP of Compliance, Hugo Quintana

  • Why should servicing be a priority for Financial Institutions?

  • How can Financial Institutions maintain the quality of their servicing assets?

  • How can Financial Institutions leverage ACES for all three lines of defense?

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June 23, 2022

ACES: 4Q Critical Defect Rate Rises to 1.95%

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

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June 17, 2022

Mortgage loan critical defects reached high point in 2021

Last year was the worst ever for critical defects on mortgage applications, as pandemic-related stress on lender operations in the first half resulted in high rates of material misstatements slipping through, according to Aces Quality Management.

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December 14, 2021

Critical defects increase as refi market fades

Mortgage lenders generated more defective loans in the second quarter, reflecting the transition from a refinance to a purchase market, according to ACES Quality Management’s latest critical defect report.

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December 14, 2021

Mortgage application critical defects were back on the rise in 2Q

Mortgage application critical defects increased for the first time in three quarters, as errors in the income and employment category were at the highest level since Aces Quality Management started this report in 2016.

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