- Ensure comprehensive and quality audits
- Easily meet agency and investor requirements
- Reduce risk by facilitating highly-targeted discretionary reviews
ACES Audit Technology’s™ loan selection allows for unlimited loan data elements to be used in your risk criteria. Sample loans the way you want to within the quality control platform – manually select your sample, import a loan selection or leverage ACES sample criteria through our included Automated Loan Selection (ALS) module.
ACES Automated Loan Selection Module
ACES’s Automated Loan Selection (ALS) Module allows you to select loans for audit via statistical, straight random, stratified random and discretionary sampling. Our sampling algorithms are aligned with algorithms used by the secondary mortgage market and meet agency requirements. Further, ALS helps you reduce risk by facilitating highly-targeted discretionary reviews.
You Define, You Control
Sampling can be performed based on any fields you define. Additionally, ALS allows you to exclude certain loans from the sampling and to specify an overall selection ceiling. During the ALS process, discretionary sampling is performed first, followed by stratified random sampling and then straight random sampling. When the overall ceiling is reached, the process stops. ACES automatically optimizes the loan selection by recognizing loans that satisfy multiple criteria. This ensures a comprehensive quality audit for you, while minimizing the number of selected loans.
Streamline for Efficiency
By using ALS to streamline your QC loan selection process, loan selection is easily completed within 30 days of closing, and reviews can be completed within 60 days of selection – enabling your organization to meet agency and investor requirements.
Let us provide you further detail on the extensive capabilities of ACES and our Automated Loan Selection Module. Contact us to schedule a personal consultation, and discover how ACES can be tailored to you and your organization’s exact needs.