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ACES News

May 15, 2025

Loan defect share improved even as mortgage rates rose in 4Q

The volatile mortgage rate environment in the fourth quarter last year did not impact the quality of closed applications, with critical defects falling to their second lowest level on record, Aces Quality Management found.

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April 28, 2025

Staying the course on compliance: Why lenders can’t afford to let their guard down

With federal oversight shifting under the current administration, some mortgage lenders may feel less pressure to prioritize compliance and loan quality.

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February 25, 2025

2025’s Survival Strategy? Building a QC-Centric Culture (Sponsored by ACES Quality Management)

The mortgage industry is at a pivotal moment as it grapples with shifting regulatory requirements and a leadership transition at the Consumer Financial Protection Bureau (CFPB). Following the challenges of economic volatility, shifting regulations and evolving consumer expectations in 2024, the need for a robust and comprehensive quality control (QC) program has never been more evident.

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February 18, 2025

Rate of Critical Defects in Mortgage Loans Decreased in Q3

The rate of critical defects in mortgage loans post-closing decreased by nearly 17% in the third quarter, ending the quarter at 1.51%, according to ACES Quality Management Mortgage QC Trends Report.

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February 18, 2025

ACES: Q3 2024 Critical Defect Rate Falls

ACES Quality Management, Denver, released its Q3 Mortgage QC Trends Report, finding the overall critical defect rate declined from the second quarter by 17%. The overall rate ended the quarter at 1.51%.

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February 14, 2025

Report: Critical defect rate drops, but insurance defects soar

The critical defect rate fell from the second to third quarter, according to a report from ACES Quality Management. However, a sharp rise in insurance defects makes for a more complicated quality control picture.

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February 14, 2025

Mortgage quality control report reveals sharp rise in insurance defects

ACES Quality Management says that rising insurance defects had an outsized impact in Q3 2024, and it called on lenders to stay vigilant and avoid issues in 2025

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February 13, 2025

Loan quality was on the rise last year

Defects that would cause mortgages to be uninsurable decreased last year as the market shifted to traditional rate-and-term refinances.

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January 30, 2025

Servicing QC 2025 outlook: Identify risks amidst changing rules

Combating regulatory uncertainty with proactive QC solutions

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December 06, 2024

Unpacking the drivers and costs of GSE repurchase demands

Income and appraisal-related issues are two of the three leading reasons why lenders are forced to repurchase loans from Fannie Mae and Freddie Mac, at an average of $32,288, a study from Reggora and Stratmor found.

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