Category: Article
National Mortgage News | Nick Volpe, EVP of ACES Quality Management
2020 will be remembered as an anomaly of a year, with the effects of COVID-19 rippling through nearly every aspect of the economy. While the mortgage industry experienced record loan volume, the pandemic created circumstances that impacted loan quality and exposed lenders to greater risk. As we close the books on 2020, analysis of post-closing QC data from the second quarter shows the industry has yet to feel the pandemic’s full effect on loan quality — meaning lenders shouldn’t consider themselves out of the woods just yet.
Click here to readCritical defects found in closed mortgage loan files were at their highest since 2018 in the second quarter, due to conditions created by the pandemic, a review conducted by Aces Quality Management found
Click here to readEarly payment defaults (EPDs) are on the rise due to the pandemic. In what ways will the large volume of EPDs affect lenders and servicers?
By Brad Finkelstein from National Mortgage News
NMN checked in with leaders in the origination to make their predictions for the year ahead. National Mortgage News interviewed ACES Quality Management CEO, Trevor Gauthier to learn more about the 2021 outlook and how forbearances can lead to an increase early payment defaults and potentially foreclosures.
Click here to readMBA NewsLink | Nov 9, 2020
MBA NEWSLINK interviews ACES Quality Management CEO, Trevor Gauthier. Topics cover early payment default, CARES Act compliance and affects on servicing qc, digital closing and much more.
National Mortgage News | July 29, 2020 | by Phil McCall
Click here to readACES Risk Management, Denver, released its quarterly ARMCO Mortgage QC Trends Report, showing critical defect rates improved from the fourth quarter to the first and in 2019 overall.
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The COVID-19 pandemic has brought about the largest global disruption of our lifetime, and how credit unions respond during this upheaval will define the industry for generations to come.
Click here to readBy staff at CreditUnion.com
Denver-based ARMCO has been helping leading financial institutions nationwide automate and understand quality control in their lending processes for more than two decades. The Colorado company has now refined its experience into the ACES Consumer platform, an enterprise quality control solution that addresses opportunity for peak performance in auditing and optimizing consumer and mortgage lending and account opening.
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