Lender critical defect rate falls again


Published September 16, 2021

The downward trend in critical defects continued in Q1 2021, ending the quarter at 2.01% versus the prior quarter’s rate of 2.09%, according to ACES Quality Management, a provider of enterprise quality management and control software.

The data comes from the company’s quarterly ACES Mortgage QC Trends Report covering the first quarter (Q1) of 2021.

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