Category: Article
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.
Click here to readDigital mortgage-servicing platform Valon will use ACES' quality management and control software to handle compliance efforts.
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.
Click here to readMReport 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.
Click here to readMReport 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.
Click here to readWhy 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?
ACES Quality Management, Denver, said overall critical defect rates increased in the fourth quarter.
Click here to readLast 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.
Click here to readMortgage 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.
Click here to readMortgage 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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