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ACES News

October 01, 2024

Proactive quality control for lenders: How to navigate market shifts, regulatory changes and improve loan quality

With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. This shift is welcomed good news given the tough origination market over the last two years. However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in the first quarter (Q1) of this year.

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September 23, 2024

ACES: Mortgage Defect Rate Rises in Q1 After Five Straight Quarters of Decline

The rate of defects in mortgage loans post closing increased 3.27% to 1.58% in the first quarter, ending five quarters of decline, according to ACES’ Mortgage QC Q1 Industry Trends Report.

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September 20, 2024

Critical defects in mortgages remain low, but uptick during Q1 is ‘troubling’

Upswing in critical defects halts five-quarter streak of declines

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September 19, 2024

Loan quality takes a hit even as mortgage origination volume slows

A report from ACES Quality Management says that lenders must be more watchful in quality-control efforts

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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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