Category: Article

March 12, 2020

ARMCO: Rate of Loan Defects Continued to Drop in Q3

By Michael Bates at MortgageOrb

Increasing refinance volume continued to drive down the rate of defects in mortgage applications in the third quarter of 2019, according to ARMCO’s most recent Mortgage QC Trends Report.

The overall rate of critical defects was 1.56%, a decrease of 9% compared with the second quarter and a decrease of 19% compared with the peak, which occurred in the fourth quarter of 2018.

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March 12, 2020

ARMCO: Critical Defect Rate Drops 9%

By staff at MBA NewsLink

ACES Risk Management, Denver, said the overall critical defect rate reached 1.56% in the third quarter, to the lowest defect rate since 2016.

The company’s quarterly Mortgage QC Trends Report said the decrease represents a 19% improvement from the most recent critical defect rate peak, which occurred in Q4 2018.

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March 04, 2020

How to Keep the Focus on Loan Quality in The Face of Regulatory Change

Expert Perspectives: ARMCO’s Director of Compliance, Kacey Olson

  • Importance of Fannie Mae and FHA taxonomies.
  • How to best manage loan quality leveraging these taxonomies.
  • How to best prepare for HMDA changes

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March 02, 2020

2020 HW Tech100 Mortgage winner: ARMCO

by HousingWire staff

ACES Audit Technology expedites turn times, increases reliability and imparts standardization, accountability and auditability in virtually any quality control process. It can be used across departments and silos, regardless of how nuanced the requirements or regulations are. ARMCO consolidated QC for mortgage and consumer lending into one central unit and reduced monthly reports for lenders from eight manually compiled reports to one interactive report.

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February 18, 2020

The Biggest Hurdles Facing Servicing Quality Control and How to Rise Above it

Expert Perspectives: ARMCO’s EVP of Operations, Sharon Reichhardt

  • Perennial quality control issues that mortgage servicers are continuously trying to address.
  • How disaster planning impacts servicing qc.
  • How servicers can use technology to stay on top of QC.

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December 20, 2019

Defect Rate For Closed Mortgages Continued to Fall in Q2

By Patrick Barnard - December 20, 2019

The rate of critical defects in closed mortgages dropped to 1.72% of all loans sampled for ARMCO’s second quarter Mortgage QC Trends Report.

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December 19, 2019

Better volume, profits reduce critical defects in mortgage files

By Brad Finkelstein - December 19, 2019

The critical defect rate for closed mortgage loans continued its decline in the second quarter, as lenders benefited from increased loan volume and profitability, an Aces Risk Management study found.

For the first time since the third quarter of 2016, the critical defect rate dropped for two consecutive quarters. Higher volume and profits factor in, providing less incentive for some lenders to cut corners to keep production up.

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November 21, 2019

New Capital Partners: A Conversation with Trevor Gauthier, CEO of ACES Risk Management (ARMCO)

July 2019 marked the beginning of NCP’s partnership with ACES Risk Management (ARMCO), the leading provider of enterprise transaction risk management solutions to the financial industry. Trevor Gauthier joined the ARMCO team in October as Chief Executive Officer, bringing 20 years of executive experience in enterprise SaaS technology solutions and a track record of leading high-growth companies. We talked to Trevor about his professional history, his role at ARMCO and his plans for the future of the company.

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September 17, 2019

Fewer critical defects in closed mortgages, but income errors rise

By Brad Finkelstein

September 16, 2019

While the critical defect rate for closed mortgage loans fell on a quarter-to-quarter basis, there were increases in income and packaging-related deficiencies, an Aces Risk Management study found.

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September 17, 2019

MBA Insights Slideshow: ARMCO Q1 2019 Mortgage Quality Control Industry Trends

Slideshow: ARMCO Mortgage Quality Control Industry Trends

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