ARMCO News

Category: Article

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. That’s a drop of 5.5% compared with the first quarter. It’s also the second consecutive quarter that the overall rate of defects...

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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...

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November 21, 2019

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

New Capital Partners - November 21, 2019

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...

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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

By MBA Insights StaffSeptember 16, 2019

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September 16, 2019

ARMCO: Technology Helped Lower Mortgage Defect Rate in Q1

By Patrick Barnard - September 16, 2019

The rate of critical defects in mortgage loans continued to fall in the first quarter, dropping to 1.82% of all loans, a decrease of 6% compared with 1.93% of all loans in the fourth quarter of 2018, according to the ARMCO QC Trends Report...

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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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