Category: Article

March 19, 2019

Downsizing Continued to Impact Rate of Critical Defects in Mortgages in Q3

The rate of critical defects in mortgage applications increased to 1.89% in the third quarter, up from 1.71% in the second quarter to reach the highest level since October 2015, according to ARMCO’s latest quarterly QC Trends Report.

That’s an increase of roughly 11% from the previous quarter.

... Read more

January 03, 2019

What’s Impacting Post-Close Loan Defects?

MReport by Radhika Ojha | January 3, 2019

Critical defects attributed to Borrower and Mortgage Eligibility increased by 70 percent to 11.36 percent in the second quarter of 2018, according to the latest Mortgage QC Industry Trends Report by Aces Risk Management(ARMCO).

The report represents an analysis of post-closing quality control data derived from loan files analyzed by the ACES Analytics...

Read more