ARMCO News

Category: Article

June 22, 2020

ARMCO: Year over Year Trends Show ‘Marked Improvement’ in Critical Defect Rates

ACES Risk Management, Denver, released its quarterly ARMCO Mortgage QC Trends Report, showing critical defect rates improved from the fourth quarter to the first and in 2019 overall.

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June 08, 2020

How the coronavirus created new compliance headaches

The COVID-19 pandemic has brought about the largest global disruption of our lifetime, and how credit unions respond during this upheaval will define the industry for generations to come.

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April 21, 2020

From Compliance Through Quality Control: Reducing Risk With ACES Consumer

By staff at CreditUnion.com

Denver-based ARMCO has been helping leading financial institutions nationwide automate and understand quality control in their lending processes for more than two decades. The Colorado company has now refined its experience into the ACES Consumer platform, an enterprise quality control solution that addresses opportunity for peak performance in auditing and optimizing consumer and mortgage lending and account opening.

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April 06, 2020

Examining the COVID-19 Effect on Compliance

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

  • How has regulatory response to COVID-19 affected financial institutions?
  • What risks will financial institutions face as a result of COVID-19?
  • What impact has COVID-19 had on mortgage lending?


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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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