Business, Free News Articles, Real Estate, Reports and Studies

The 2020 Black Hole Recession – COVID-19 Effect on Metro Denver Home Values

DENVER, Colo. -- Clear Realty and their real estate technology division Sell-Star released today an in-depth report on how the economic freefall triggered by fear of death from COVID-19 instantly formed the 2020 Black Hole Recession and now affects Metro Denver home values and the safety of 250,000 or so families and individuals wishing to sell or buy a home over the next two-and-a-half years.

This report includes the interactive web-based tool Sell-Star Prophet, which forecasts by neighborhood home values and days-on-market for years 2020, 2021 and 2022 and defines qualities of homes buyers pay the most to attain-exactly what to advertise to attract buyers.

In normal economic downturns deteriorating business activities lead to increasing unemployment over a period of six months to perhaps eighteen months. The COVID-19 induced 2020 recession skipped the entire declining economic conditions portion of the cycle, instead the economy was like a massive sun burning bright, then in a moment collapsing in on itself creating a black hole-the very trough of the economic cycle.

"It's fear of infection from human interaction triggering this economic black hole and real estate sales have a lot of human interaction. Sell-Star Prophet helps reduce unnecessary interaction by showing homeowners how to vastly improve their internet marketing," said Creed Smith, Broker/Owner, Clear Realty.

Unlike most economic reports using national or regional data on Gross Domestic Product and unemployment rates, Sell-Star Prophet displays actionable forecasts for homeowners by specific Metro Denver neighborhoods including:
* Home values for 2020, 2021 and 2022
* Days-On-Market timeframes for 2020, 2021 and 2022
* Rank-ordered list of qualities most desired by buyers for superior internet marketing
* Rank-ordered list of value harming deficiencies owners should correct to maximize home value

"COVID-19 put the brakes, likely permanently, on high personal contact methods when selling a home. Nobody wants the risk of armies of people marching through their home every week, and buyers prefer the safety and convenience of window-shopping homes on the internet. Sell-Star Prophet defines the exact rank-ordered qualities homeowners need to advertise to attract the best buyers, keep home values up and keep days-on-market down," said Creed Smith, owner of Clear Realty and inventor of Sell-Star Prophet.

About Clear Realty and Sell-Star Prophet:

Clear Realty specializes in creating cutting edge technologies cutting the cost of selling a home while improving the marketing and safety of home sales. Sell-Star Prophet, is the latest technology of many Clear Realty uses to improve marketing in the real estate industry.

Learn more at: https://clear.realty/

Prophet cover video: https://vimeo.com/422946055

Related link: https://clear.realty/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies, Software

LBA Ware Publishes Findings of Top-10 Lender’s Compensation Automation Cost-Benefit Analysis

MACON, Ga. -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today released the findings of a cost-benefit analysis quantifying one mortgage lender's expected return on investment after implementing CompenSafe(TM).

Built for the mortgage industry, CompenSafe is an automated ICM platform that bridges the gap between lenders' loan origination and payroll systems to eliminate manual data entry and provide actionable insight into staff performance and profitability.

Conducted by a top-10 U.S. mortgage lender, the comprehensive ROI analysis spanned five phases: (1) quantifying the company's current costs related to managing incentive compensation; (2) identifying opportunities for process improvement; (3) defining system requirements for compensation automation; (4) weighing the pros and cons of building an in-house solution against available off-the-shelf software; and (5) estimating the cost savings provided by the chosen solution, CompenSafe(TM).

The lender found it was spending $346,000 a year in labor costs directly attributable to the manual calculation of incentive compensation. In addition, the compensation team was spending untold hours each month answering employee questions, setting up new plans and preparing payroll files. The lender also estimated it was spending between $500,000 to $1 million per year in overpayments caused by manual errors in calculating incentive compensation. According to the lender's analysis, implementing CompenSafe will allow it to recoup an estimated $900,000 in annualized savings by automating manual tasks, eliminating redundant processes and reducing overpayments.

The full case study is available for download here.

About LBA Ware(TM):

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia.

For more information, visit https://www.lbaware.com.

Related link: https://go.lbaware.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Advertising and Marketing, Business, Free News Articles, Reports and Studies

Shoplifters and Dishonest Employees Steal Profits from U.S. Retailers, According to Jack L. Hayes International’s 32nd Annual Retail Theft Survey!

WESLEY CHAPEL, Fla. -- Jack L. Hayes International, Inc. released today the results of their 32nd Annual Retail Theft Survey which reports on over 348,000 shoplifters and dishonest employee apprehensions in 2019 by just 21 large retailers, who recovered over $136 million from these thieves.

"Two-thirds of retailers participating in this survey reported an increase in shrink in 2019, which is reflected in their reported apprehensions and recovery dollars. Overall apprehensions increased 2.4% and recovery dollars from those apprehensions were up 4.9%. Shoplifting apprehensions and recover dollars increased 3.0% and 3.5% respectively, with recovery dollars from shoplifting incidents without an apprehension increasing by 11.0% (to $176 million) over the prior year," said Mark R. Doyle, President of Jack L. Hayes International, Inc.

Mr. Doyle added, "While employee theft apprehensions were down 2.9%, the recovery dollars from those apprehensions increased 7.8%. Overall, retail theft continues to be a serious problem for retailers negatively impacting their bottom-line, and creating more out-of-stocks and higher prices to the consumer."

Highlights from this highly anticipated annual theft survey include:

* Participants: 21 large retail companies with 18,994 stores and over $510 billion in retail sales (2019).

* Shrink: 66.7% of survey participants reported an increase in shrink in 2019, with 23.8% reporting a decrease in shrink, and another 9.5% reported shrink stayed about the same.

* Apprehensions: 348,036 shoplifters and dishonest employees were apprehended in 2019, up 2.4% from 2018.

* Recovery Dollars: Over $136 million was recovered from apprehended shoplifters and dishonest employees in 2019, up 4.9% from 2018.

* Shoplifter Apprehensions: 315,095 shoplifters were apprehended in 2019, up 3.0% from 2018.

* Shoplifter Recovery Dollars: Over $90 million was recovered from apprehended shoplifters in 2019, an increase of 3.5% from 2018.

* Employee Apprehensions: 32,941 dishonest employees were apprehended in 2019, down 2.9% from 2018.

* Employee Recovery Dollars: Over $45 million was recovered from employee apprehensions in 2019, up 7.8% from 2018.

Full survey results and some thoughts behind the numbers are available at: http://hayesinternational.com/news/annual-retail-theft-survey/.

Jack L. Hayes International, Inc. is a leading loss prevention and inventory shrinkage control consulting firm, and for over 40 years has provided a wide spectrum of Asset Protection, Inventory Shrinkage Control, Loss Prevention, Safety, and Security related services to every facet of industry including retail, manufacturing and industrial organizations.

Related link: http://hayesinternational.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Product Launches, Real Estate, Reports and Studies, Software

Certain Lending Launches Major Survey of Real Estate Investors

SAN FRANCISCO, Calif. -- Certain Lending released a national survey of real estate investors. A majority of real estate investors expect COVID-19 will cause home prices to decline up to 20%.

The survey of 569 real estate investors across the U.S., conducted between April 20 and 24, is the first of its kind to report how real estate investors believe COVID-19 will impact the U.S. economy, housing markets, and mortgage credit. The full survey is available at https://medium.com/certainlending.

"Non-institutional real estate investors own and make a living from $7 trillion of real estate. They are an untapped source of insight about how events and forces shape the U.S. economy and housing market," said Shreyas Vijaykumar, cofounder and chief technology officer for Certain Lending. "We are excited to engage the community and report insightful findings about COVID-19's expected impacts."

The survey finds that relative to the 2009 recession, known as the U.S. housing crisis, half of real estate investors believe the impact of COVID-19 will be more severe for the U.S. national economy. Three quarters of real estate investors expect COVID-19 will cause home prices to decline, but the magnitude will be less severe than during the U.S. housing crisis. A majority expect home prices will decline up to 20% because of COVID-19.

According to the survey, approximately half of real estate investors expect it will be a good time to buy properties over the next six months with about as many planning to increase their personal investment in real estate over the time period. 90% of real estate investors believe the U.S. economy will rebound within 18 months.

With the weak economy and real estate cooling, a majority of real estate investors expect supply to increase across online realtor listings, off market channels, short sales, foreclosures, and distressed-property auction websites.

The survey finds 38% of real estate investors think it will be harder to get a loan, and 32% don't know if financing will be easier or harder in the next six months.

Added Charles McKinney, cofounder and chief executive officer of Certain, "With anxiety about the economy, freezing of the capital markets, and many commercial lenders pulling back, traditional ways of getting a loan has become more expensive and less likely. For lenders with the credit sophistication and software to efficiently underwrite and originate loans in the COVID-19 economy, there's a huge opportunity to consolidate market share."

About Certain Lending:

Certain Lending is a FinTech startup cofounded by Freddie Mac and Palantir Technologies alumni and backed by Founders Fund, 8VC, Goldcrest, XYZ, Village Global, and the LeFrak organization. With Certain Lending, real estate investors get tailored financing offers in one place and close loans in days, not weeks. For financial institutions, Certain creates favorable yield from business purpose mortgages fully underwritten, originated, and monitored by our software.

For more information about the company, visit https://www.certainlending.com/.

*LOGO link for media: https://www.Send2Press.com/300dpi/20-0503s2p-Certain-Lending-300dpi.jpg

Related link: https://www.certainlending.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Legal and Law, Reports and Studies

New Sacramento Accident Study Identifies and Maps Roads with Highest Hit-and-Run Rates

SACRAMENTO, Calif. -- AUTOACCIDENT.COM - According to the AAA Foundation for Traffic safety, a hit-and run-accident occurs about 60 times per minute. 36% of hit-and-run accidents in Sacramento between 2017-2018 have resulted in injury or death.

In an effort to raise awareness and reduce the occurrence of hit-and-run accidents in Sacramento, AUTOACCIDENT.COM has commissioned a study to compile and analyze hit and run data in Sacramento. Data was compiled using CHP's I-SWITRS records system.

The findings are reported through a series of charts and graphs that outline the most prevalent locations for hit-and-run accidents throughout the city. The charts are accompanied by a detailed analysis of the findings.

The data shows that the roads with the highest rate of hit-and-run accidents include:
* US-50
* SR-99
* I-5
* SR-51
* I-80
* 12th Ave
* Fruitridge Rd
* Florin Rd
* Stockton BL
* J Street

In addition to the data compilation, charts and analysis AUTOACCIDENT.COM also provides an overview of the legal responsibilities of drivers after an accident occurs.

AUTOACCIDENT.COM aggregated data on hit-and-run accidents to produce several graphics including an interactive map to chart the locations of hit-and-run accidents in Sacramento.

The complete study details and interactive map are available at: https://www.autoaccident.com/hit-and-run-study.html.

AUTOACCIDENT.COM is a Sacramento based law firm that primarily assists injured victims with personal injury claims. They provide free consultations as well as virtual legal services.

Related link: https://www.autoaccident.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Insurance, Reports and Studies

Vanbridge Releases Second Comprehensive Review of US Representations and Warranties Insurance Market

NEW YORK, N.Y. -- Vanbridge, an EPIC company, an insurance intermediary and program management firm, published its second edition of its U.S. Representations and Warranties Insurance (R&W) Market Review today. This edition evaluates and summarizes domestic R&W data for the years 2017, 2018 and 2019.

This report aims to provide, as accurately as possible, the state of the U.S. R&W market using data gathered directly from insurers. The scope of the report focuses on the submission and placement process in the market, analyzing the size of the marketplace, pricing and trends.

"Representations & Warranties insurance has become a staple in M&A transactions and a proliferating business for insurance markets. We continue to conduct our annual reviews of the overall marketplace to benefit carriers, clients and M&A practitioners alike," said Greylen Erlacher Mardy, Principal of Vanbridge.

"We've found that despite the current trends, carriers remain dedicated to offering meaningful coverage that facilitates transactions, while underwriting the insurance in a sustainable manner," continued Erlacher Mardy.

The report includes insight on several areas:
* Submission Volume and Deals Bound
* Primary & Excess Limits, Retentions and Pricing
* Claims and Future Underwriting Considerations
* Market Trends and Perceptions

About the Report

The vast majority of markets that wrote business in 2017, 2018 and 2019 including the largest players in the space, provided their data for the report. Based on estimates, this captured roughly 90% of all transaction data. As part of the data collection process, Vanbridge engaged an independent, non-insurance third party data management firm, Excel Rain Man, to receive and assist in sorting and analyzing each participating carrier's information on a confidential basis.

For a complete copy of Vanbridge's U.S. Representations and Warranties Insurance Market Review, click here (PDF): https://info.vanbridge.com/hubfs/Vanbridge/Vanbridge%20Reps%20and%20Warranties%20Market%20Review%20fnl4.22v2.pdf

About Vanbridge

Vanbridge is an insurance intermediary and program management firm. Vanbridge focuses on alternative asset management, corporate and individual high net worth clients, solving risk related issues utilizing insurance and alternative capital. Vanbridge is owned by EPIC Insurance Brokers & Consultants and is headquartered in New York, N.Y.

Learn more at: https://www.vanbridge.com/.

About EPIC Insurance Brokers & Consultants

EPIC is a unique and innovative retail property and casualty and employee benefits insurance brokerage and consulting firm. EPIC has created a values-based, client-focused culture that attracts and retains top talent, fosters employee satisfaction and loyalty and sustains a high level of customer service excellence.

EPIC team members have consistently recognized their company as a "Best Place to Work" in multiple regions and as a "Best Place to Work in the Insurance Industry" nationally.

EPIC now has more than 2,600 team members operating from 85 offices across the U.S., providing Property and Casualty, Employee Benefits, Specialty Programs and Private Client solutions to EPIC clients.

With run rate revenues greater than $730 million, EPIC ranks among the top 15 retail insurance brokers in the U.S. Backed and sponsored by Oak Hill Capital Partners, the company continues to expand organically and through strategic acquisitions across the country.

For additional information, please visit https://www.epicbrokers.com/.

Related link: https://www.epicbrokers.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

LBA Ware Issues Q1 2020 LO Compensation Report

MACON, Ga. -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry compensation in the first quarter of 2020. The firm's analysis of data from its CompenSafe(TM) ICM platform shows business grew significantly for lenders across Q1, culminating in March commission payouts that were the highest reported in the last six months.

Methodology

LBA Ware reviewed account data for mortgage lenders that used CompenSafe to automate incentive compensation management throughout the first quarter of 2020. The controlled, sample dataset consisted of retail, first-lien production from LOs who funded at least six loans during the six-month period ending March 31, 2020.

Key Findings

* The total number of loan units funded by the sample group increased by 58.5% from January to March. Over the same time period, total loan volume increased by 66.1%, which translated to an increase in average loan volume per LO from $1.17M in January to $1.85M in March. The portion of funded loan volume attributable to refinances reached 48% in March, an increase of 6% from January.

* Together, these unit and volume gains led to month-over-month increases in loan commissions earned of 14.2% from January to February and 46.9% from February to March.

* Overall, average commissions paid to LOs increased 1.1% from 104.0 basis points in January to 105.1 basis points in March. Broken out by loan purpose, LO commissions on refinances increased 3.1% (from 96.0 basis points in January to 99.0 basis points in March) compared to just 0.9% growth in purchase commissions (from 109.0 basis points in January to 110.1 basis points in March).

* The average March loan amount was $283,900, up from 2019's average of $259,652, helping LOs reach an average of $18,907 in total commissions for the month.

"Intense market demand for mortgages, including refis, helped loan originators earn average commissions approaching $19,000 in March," said LBA Ware founder and CEO Lori Brewer. "LOs may want to sock some of that payday away as the industry braces for a protracted economic recession, job losses and stiffer underwriting criteria."

About LBA Ware

LBA Ware(TM) is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com/.

*IMAGE link for media: https://www.Send2Press.com/300dpi/20-0417s2p-lba-2020-q1lo-300dpi.jpg

Related link: https://go.lbaware.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Advertising and Marketing, Business, e-Commerce, Free News Articles, Reports and Studies

Fanplayr Data Shows Retailers Are Making Up for Lost Sales

PALO ALTO, Calif. -- Fanplayr, a leader in e-commerce intelligence, released figures that give clear insights into the adjustment consumers are making in light of significant lifestyle changes forced by the COVID-19 pandemic.

Tracking aggregate behavior across clients' sites, the data prove a shift from retail to online purchasing. The results are particularly dramatic in large clothing, sports and kids fashion retailers.

According to analyses of sites with over 20 million visitors per month, key indicators of e-commerce success have risen consistently and simultaneously during the period of time a particular market has been dealing with COVID-19. Visitor traffic, conversion rates and AOV (average order value) have all increased. Simultaneous increases in key indicators is rare, even during peak holiday seasons. Simon Yencken, Founder and CEO of Fanplayr states, "It demonstrates our clients are recapturing some lost revenues, namely 30- 40%, caused by limited or no store traffic."

For example, the Japanese market has been dealing with COVID-19 longer than the U.S. because of their proximity to the epicenter. Over the period of time from first reports of infection to today, online key indicators have all risen.

This information is critical for retailers scrambling to make up lost profits. It demonstrates that lost revenue from shelter-in-place and school closures can be recovered from increased online sales, and the overall impact can be mitigated even more with strategies to increase closure rates of shoppers.

As transactions move increasingly online, revenue attributable to AI and behavioral personalization is also increasing. Yencken says Fanplayr's behavioral intelligence responds to anonymous online visitors by understanding their intent, based on their online behavior, and then responding appropriately. This removes the need for third-party tracking to increase conversion rates.

"Companies must focus online to capture every potential sale," says Yencken. "Without segmentation strategies, companies are losing potential sales, something no one can afford to do in this business landscape."

About Fanplayr

Fanplayr is a leader e-commerce behavioral data, using machine learning and AI to enable businesses to increase conversion rates and revenue, collect more leads, and retarget visitors with personalized recommendations during and after the shopping experience. Fanplayr is headquartered in Menlo Park, California.

Learn more at: https://www.fanplayr.com/

*IMAGE link for media: https://www.Send2Press.com/300dpi/20-0416s2p-fanplayr-graph-300dpi.jpg

Related link: https://www.fanplayr.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

Millimeter Wave Markets Poised for Explosive Growth in 2020-25

NEW YORK, N.Y. -- According to a new study by Thintri, Inc., systems based on millimeter wave technology are creating markets that will soon reach billion-dollar levels. The report, "Millimeter Waves: Emerging Markets," analyzes markets in telecommunications, imaging, consumer and automotive, defense and security and other sectors and finds that several are undergoing rapid growth, while others are in the early stages of market entry.

A few are about to witness the entry of game-changing technologies, products and services that, combined with a more open regulatory environment, will transform markets that up to now have been modest.

Millimeter wave (MMW) radiation, that portion of the electromagnetic spectrum generally defined as 20 GHz to 300 GHz, has gained commercial traction in the past decade or so.

Today, MMW imaging is established in airport and other checkpoint security applications, and markets are rapidly growing in inventory control and loss prevention, where systems can quickly scan employees leaving a manufacturing facility to prevent theft. Imaging systems already installed at malls, hidden behind walls, can automatically track suspicious persons who may have concealed weapons or bombs.

Technological evolution is bringing about imaging systems that are more capable, less costly, smaller, lighter and more portable, and take less training to use. This evolution is about to dramatically reduce the cost of such imaging systems, allowing their adoption in a much broader range of venues that will include courthouses, concerts, stadiums, schools, dance clubs and many, many others.

MMW systems are radically transforming telecommunications as well. E-band links are quickly capturing markets in backhaul, where they can be deployed quickly and at a small fraction of the cost of deploying optical fiber, but offering near-fiber data rates.

Millimeter wave links combined with small cell networks may be the only viable solution to the bandwidth challenges facing today's telecom industry as it establishes next-generation 5G networks. 4G networks already approached the theoretical limit on how much data can be squeezed into a given band. Experts predict that in just a few years, wireless data transfer volumes will grow by more than 1,000, with demand for wireless data transfer rates at 10 to 100 times faster than is practical today.

One of the most exciting frontiers in telecommunications is fixed wireless Internet access, where MMW systems are about to facilitate a game-changing market shift. As wireless Internet service providers (WISPs) move to offer MMW-based wireless Internet access across broad geographic regions, the artificial barriers that once served to geographically separate the various access suppliers, like cable and phone companies, will break down.

The result is a Wild West scenario where a large number of players, large and small, compete to offer consumers and businesses access at up to gigabit data rates at low cost. At that time the distinction between fixed and mobile Internet access will largely disappear, as consumers demand broadband access anytime, anywhere, on any device.

The unique properties of millimeter waves lend them to a host of other markets, including satellite Internet access, automotive radar, consumer multimedia, defense and security, manufacturing process and quality control, medical diagnosis, munitions guidance, security perimeter radar, and monitoring of chemical processing and pipelines.

The Thintri market study, "Millimeter Waves: Emerging Markets, makes use of extensive, in-depth interviews with industry executives, business and market development managers along with government and academic researchers.

The report provides a survey of the current state of the art in millimeter wave technology, an assessment of potential applications in terms of their commercial viability, discussion of market development and forecasts for individual markets from 2020 to 2025.

Report information: http://www.thintri.com/Millimeter-waves-report.htm

About Thintri, Inc.

Founded in 1996, Thintri, Inc. (www.thintri.com), is a full-service consulting firm, based in New York and directed by J. Scott Moore, Ph.D.

Thintri's services include business intelligence, market research, technology transfer and technology assessment, and in-depth, off-the-shelf market studies on promising emerging technologies. Topics of focus have included communications, aerospace, medical and industrial imaging, materials and coatings, semiconductor devices, photonics, plastic electronics, manufacturing, industrial logistics, security and defense, thermal management, energy, and a host of others.

For more information, visit http://www.thintri.com or call 914-242-4615.

Media Contact:
J. Scott Moore
+1-914-242-4615
smoore[at]thintri.com

Related link: http://www.thintri.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

Refinance Spike Drives Continued Decrease in Critical Defect Rate, According to Q3 2019 ARMCO Mortgage QC Trends Report

DENVER, Colo. -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report covers third quarter (Q3) 2019 and provides loan quality findings for mortgages reviewed by ACES Audit Technology™.

In Q3 2019, the overall critical defect rate reached 1.56%, representing a 9% decrease from the previous quarter and resulting in the lowest defect rate since Q4 2016. This also represents a 19% improvement from the most recent critical defect rate peak, which occurred in Q4 2018.

"The driving force behind Q3's strong critical defect rate is the increase in refinances, which accounted for 40% of the overall volume of loans reviewed this quarter. Given the current rate environment and overall mortgage market conditions, ARMCO's outlook for both the critical defect rate and the market as a whole remains incredibly strong," said ARMCO Executive Vice President, Nick Volpe.

The report's noteworthy findings include:
* The percentage of government loans reviewed in Q3 fell as the interest rate environment drove more conventional refinances, resulting in a 10% improvement on FHA loan defects compared to the previous quarter.
* Defect performance for purchase loans also improved, with defect categories related to core underwriting and qualification showing improvements over Q2 2019.
* Increase in Property/Appraisal defects driven by lasting effects of Hurricane Dorian, Hurricane Humberto and the multiple wildfires in Northern and Southern California.

"While refinance transactions generally result in fewer defects, volume spikes can often have the opposite impact on loan quality," said ARMCO President, Phil McCall. "Leveraging technology helps lenders better manage mortgage volume peaks and valleys while always keeping the focus on loan quality."

ARMCO's Mortgage QC Industry Trends Reports are based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy. ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO

Over half of the top 25 mortgage lenders and 33% of the top 150 lenders and servicers combined choose ARMCO. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology™, has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit www.armco.us or call 1-800-858-1598.

Related link: https://www.armco.us/

This news story was published by the Neotrope® News Network - all rights reserved.