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ACES News

July 08, 2024

Quality (E)valuations: Ensuring Appraisal Integrity through QC

Appraisals are crucial in the mortgage process as they determine the value of the collateral securing the loan. Issues of biased and inaccurate appraisals have drawn attention from government-sponsored enterprises (GSEs), regulatory bodies, and consumers.

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July 01, 2024

Building a quality-centric culture is essential to ensuring appraisal integrity: Harnessing technology and culture to enhance appraisal quality in mortgage lending

A quality-centric culture is essential for effective appraisal QC.

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June 24, 2024

Revenue Retention Requires Rigorous QC, Compliance Adherence

In today’s lending market, where every dollar counts, revenue retention areas such as quality control (QC) and compliance have become more critical than ever.

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June 21, 2024

Loan defect rate tumbles to near-record lows, report claims

Mortgage production defect rates fell into a range near record dataset lows in the last quarter of 2023, an Aces Quality Management trends report published Thursday found.

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June 21, 2024

ACES: Rate of Critical Defects in Mortgage Loans Dropped 8.38 Percent in Q4

The rate of critical defects in mortgage loans post-closing was 1.53% as of the end of the fourth quarter, according to ACES’ quarterly Mortgage QC Industry Trends Report.

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June 11, 2024

What’s new in QC and Compliance: Exploring the latest trends with an industry leader

In a market where every dollar matters, revenue retention areas like quality control and compliance are more critical than ever. Thus, keeping abreast of regulatory and investor updates and trends is vital to maintaining loan quality and compliance. Trevor Gauthier, chief executive officer at ACES Quality Management provides us with an update on the latest in QC and compliance.

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May 09, 2024

ACES Announces Partnership with Document Processing Firm Infrrd

When used in conjunction with ACES Quality Management & Control software, Infrrd’s technology helps lenders improve the efficiency of their quality control (QC) reviews by indexing, categorizing and reviewing the accuracy of loan file documents prior to review.

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April 19, 2024

Loan buybacks haven’t disappeared, but they are trending down

To avoid costly repurchases, quality control efforts have ramped up across the industry, with future technologies expected to further amplify accuracy

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April 05, 2024

ACES Quality Management: Critical Defect Rate Continues to Decline in Q3

ACES Quality Management, Denver, found the overall critical defect rate continued to fall in Q3 2023, by 2.91% to 1.67%.

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April 05, 2024

Mortgage critical defect rates improve, but issues remain

Mortgage production defect rates in the third quarter of 2023 showed continued improvement, even as origination volume was hard to come by, the latest Aces Quality Management report found.

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