ARMCO News

Category: Article

July 17, 2019

Expert: Digital mortgages could lead to higher paying positions

HousingWire sat down with ARMCO executive Volpe to talk about the housing industry’s end goal for the digital mortgage.

“Automation inherently reduces reliance on humans so naturally, one outcome can be contraction within certain segments of the lending labor force,” said Nick Volpe, chief strategy officer of ARMCO, a HousingWire 2019 Tech100 winner. “While this may be a potential downside, it...

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April 02, 2019

Loan Quality in the Era of ULDD and URLA

Mortgage Compliance Magazine by Phil McCall | April 2, 2019

One of the more pressing initiatives over the past year relates to the updates to the Uniform Residential Loan Application (URLA) and the Uniform Loan Delivery Dataset (ULDD). For the first time in about 20 years, the URLA is getting a major overhaul and it isn’t just cosmetic. The URLA has a...

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March 20, 2019

ARMCO QC Trends Report Shows Defect Uptick

MBA NewsLink | by Mike Sorohan | March 20, 2019

ACES Risk Management, Pompano Beach, Fla., said its Critical Defect Rate rose in the third quarter of last year to its second-highest level since the TILA/RESPA Integrated Disclosure rule went into effect.

The company's quarterly QC Trends Report said in 3Q 2018, the critical defect rate reached 1.89%, its second-highest rate...

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March 19, 2019

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

MortgageOrb by Patrick Barnard | March 18, 2019

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...

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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...

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