Business, Free News Articles, Reports and Studies

Critical Loan Defect Rates Increase for Third Consecutive Quarter

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the second quarter of 2017.

The ARMCO Mortgage QC Trends Report for second quarter 2017 relays loan quality findings for mortgages reviewed by ACES Audit Technology between April 1, 2017 and June 30, 2017.

Noteworthy findings include:

* The critical defect rate increased for the third consecutive quarter, reaching 1.76 percent in Q2 2017, an increase of 9 percent over the Q1 2017 critical defect rate of 1.61 percent.
* The top critical defect category for Q2 2017 was Borrower and Mortgage Eligibility.
* Purchase loans account for a disproportionately high number of critical defects.

"We're seeing a continuation of critical defect activity that aligns with what we'd expect in a purchase-driven market," said Phil McCall, president of ARMCO. "If they haven't already done so, lenders should consider how they'll address these specific loan quality issues if purchases continue to dominate the market."

The ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 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.

"Investors are tracking these trends as well, and could make adjustments to protect themselves from what they see as potentially damaging market trends-lenders need to be aware of that," said McCall. "Adjusting QC efforts in the short term can help lenders react to guideline changes with ease and fluidity. We provide the ARMCO QC Trends Report free of charge so all lenders have the chance to adapt and elevate loan quality, and ultimately elevate overall loan quality for the entire industry."

Each ARMCO Mortgage QC Industry Trends report includes easy-to-read charts and graphs, a summary that outlines ARMCO's overall findings, a breakdown of defect rates for each Fannie Mae loan defect category, and a short conclusion. The current and previous reports also contain an analysis of the top credit-related critical defects, which is now a regular feature of the report. ARMCO issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

To obtain a copy of the report, please visit https://www.armco.us/knowledge/mortgage-qc-industry-report-2017-q2

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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Business, Free News Articles, Product Launches

ARMCO Announces New Loan Data Validation Tools

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.

ARMCO's new data validation tool is available through the most recent ACES upgrade, which was released on December 9, 2017. This upgrade's principal enhancement is advanced process automation functionality that enables ACES to automatically identify missing data within the loan file. Data integrity issues are one of the top causes of critical defects, according to research released in the most recent ARMCO Mortgage QC Industry Trends Report. With the system's new advanced automation functionality, ACES now fulfills an essential function for avoiding data validation errors.

Introducing this upgraded level of process automation is part of ARMCO's strategy to continue exploiting and maximizing process automation to turn one of the most labor intensive and time-consuming tasks into an entirely automated process within the ACES platform, and impart the highest levels of thoroughness, reliability and efficiency in the QC process.

"We created this feature to help our clients relieve a critical pain point of validating system data. Data integrity issues compromise loan quality, create extra work, and most importantly, increase lenders' risk when they're not caught and corrected," said Phil McCall, president of ARMCO. "Manually searching for data related errors can be extremely difficult given the amount of data contained in a loan file. That's why automation stands to make a major difference in lenders' success in identifying and correcting one of the most frequent causes of critical defects."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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Business, Free News Articles

Guaranteed Rate Selects ARMCO’s ACES Audit Technology™

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, has announced that Guaranteed Rate, one of the largest retail mortgage lenders in the nation, has selected the company's award-winning quality control and compliance software, ACES Audit Technology, for its quality control processes.

Headquartered in Chicago, Guaranteed Rate has approximately 200 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $23 billion in loans in 2016 alone. The company has become the Home Purchase Experts(R) by introducing the world's first Digital Mortgage technology and offering low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Guaranteed Rate won an American Business Award for its Digital Mortgage technology in 2016, ranked No. 1 in Scotsman Guide's Top Mortgage Lenders 2016, was chosen Top Lender 2016 and 2017 by Chicago Agent magazine and made the Chicago Tribune's Top Workplaces list six of the past seven years.

Nikolaos Athanasiou, Guaranteed Rate's Chief Operating Officer stated, "We are continually looking for cutting-edge technology platforms that further enhance the company's operations. ACES is a state-of-the-art solution and we are happy to have the ARMCO platform up and running with our risk prevention teams."

"Innovative companies like Guaranteed Rate know that a strong QC platform is a key component to growth and longevity," said Phil McCall, president of ARMCO. "They know that QC isn't limited to a reactive approach and they can proactively use QC data -- like data that's easily available in ACES -- to protect their profits and elevate their businesses. We're looking forward to supporting Guaranteed Rate as they continue to expand their reach and grow their market share."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions. ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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Business, Free News Articles, Product Launches, Software

ARMCO Launches ACES Automated Document Manager, which Uses Robotic Process Automation to Help Lenders Lower Gross Defects

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, has announced that it has launched ACES Automated Document Manager (ADM), a new technology that uses robotic process automation to automate the core activities lenders undertake to reduce gross loan defects. ARMCO will be demonstrating ADM, which is available through ARMCO's ACES Audit Technology(TM) and as a stand-alone product, by appointment at MBA's Annual Convention and Expo 2017 in Denver, Colorado.

ADM uses robust OCR (optical character recognition) technology to automatically identify, bookmark and organize loan documents, as well as to alert users of any missing documents associated with loan files. These are lenders' core activities associated with identifying and reducing gross defects. Users simply place the loan document files into a secure folder and ADM automatically parses, sorts and labels the documents-completing in moments what traditionally takes upwards of one hour per file with manual processes.

ADM can parse hundreds of PDF files in minutes using advanced robotic process automation, an emerging form of process automation technology based on the notion of software robots or artificial intelligence (AI) workers.

"Loan files can contain 500 or more PDFs or imaged documents that must be sorted and accounted for if lenders want to reduce gross defects. That's a time consuming, error-prone process when done by hand," said Phil McCall, president of ARMCO. "At ARMCO, our focus is helping lenders to not only elevate loan quality, but also cut costs, reduce turn times and gain efficiency. Automated Document Manager reduces defects while saving time. That's especially valuable for large volume lenders and outsourced QC providers."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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Business, Free News Articles, Reports and Studies

Critical Defect Rates Continue Upward Trend – ARMCO Releases Q1 2017 Trends Report

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the first quarter of 2017.

Some of the report's noteworthy findings include:
* The critical defect rate continued its upward trend, reaching 1.61 percent, a 7 percent increase from the previous quarter
* The top defect category for Q1 2017 was Borrower and Mortgage Eligibility
* FHA loans accounted for a disproportionately high number of critical defects

"The increase in the critical defect rate is the result of the purchase-dominated market we saw in the first quarter of this year," said Phil McCall, president of ARMCO. "Purchase transactions bring a lot more moving parts, and a lot more opportunity for errors and misrepresentations. Whether that rate continues to rise will depend in large part on the ratio of purchases to refinances as we move forward."

Each quarter, ARMCO releases the ARMCO Mortgage QC Industry Trends Report, which is based on post-closing quality control loan data captured by the company's ACES Analytics benchmarking software. The ACES Analytics benchmarking dataset includes post-closing quality control data from over 65 lenders, comprising more than 75,000 unique loans selected for random full-file reviews. Defects are categorized using the Fannie Mae loan defect taxonomy. The company issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

Each ARMCO Mortgage QC Industry Trends report includes easy-to-read charts and graphs, a summary that outlines ARMCO's overall findings, a breakdown of defect rates for each Fannie Mae loan defect category, and a short conclusion. The current and previous reports also contain an analysis of the top credit-related critical defects, which is now a regular feature of the report.

"The more lenders know about when and where defects arise, the easier it is to avoid them," said McCall. "We provide the ARMCO QC Trends Report free of charge as part of our commitment to elevating quality for all lenders."

To obtain a copy of the report, please visit http://www.armco.us/knowledge/mortgage-qc-industry-report-2017-q1

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions. ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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Business, Free News Articles, Product Launches, Software

ARMCO Releases ACES Automated Document Manager

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, today announced the release of ACES Automated Document Manager(TM) (ADM).

Available through ARMCO's ACES Audit Technology(TM) and as a stand-alone product, ADM uses robust OCR (optical character recognition) technology to not only automatically identify, bookmark and organize loan documents, but also alert users of any missing documents associated with loan files-core activities for decreasing the risk of gross defects.

ADM can parse hundreds of PDF files, identify each document in the file, and categorize them by document type or name. Users simply place the loan document files into a secure folder and ADM automatically organizes, names, and identifies the documents. ADM does in moments what can take upwards of an hour per loan file with manual processes.

"Typical loan files can contain 500+ PDFs or imaged document pages-sorting through those can be time consuming and error-prone," said Phil McCall, president of ARMCO. "At ARMCO, we're not just focused on elevating loan quality. We want to give the industry's businesses the tools to cut costs, reduce turn times and gain efficiency. ARMCO's new Automated Document Manager will be a huge time saver, especially for large volume lenders and outsourced QC providers."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions. ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit www.armco.us or call 1-800-858-1598.

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Awards and Honors, Business, Free News Articles

ARMCO’s Sharon Reichhardt Wins HousingWire’s 2017 Insiders Award

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced that Sharon Reichhardt, the company's director of client services, has been awarded placement on HousingWire Insiders list for 2017.

The Insiders award recognizes companies' "go-to" team members-the professionals that their companies turn to with their most important or challenging projects, because their contributions and hard work lead to superior results.

Reichhardt is responsible for training and onboarding new ARMCO customers using the company's ACES Audit Technology. In the past nine months, the clients she has onboarded and trained have used ACES to review thousands of loans to identify loan defects in an effort to help manage risk within their organization. Sharon received the 2017 HW Insiders award for demonstrating consistent dedication to creating the highest possible customer experience throughout client training and onboarding, and ensuring a smooth, stress-free process.

"John Wooden once said, it's not what you do, but how you do it. That not only epitomizes Sharon, but also sums up why she won the HW Insider award, and why she's so valuable to ARMCO," said Phil McCall, president of ARMCO. "ARMCO's dedication to client care is one of the main reasons we have such loyalty among our customer base. Sharon embodies ARMCO's commitment to our clients' success."

"I am so fortunate to do the work that I do and to work for a company like ARMCO," said Reichhardt. "Every day is a reward because I get to make a positive difference in someone's life, every single day. I commend HousingWire for recognizing the professionals who work behind the scenes and I commend ARMCO for empowering and valuing its employees. I am so proud and honored to have been chosen for the HW Insiders award."

The HW Insiders award is in its second year. This year 33 winners were selected, representing various sectors of the housing industry, including residential mortgage lending, servicing, investing and real estate. HousingWire's editorial board selects winners based on their accomplishments over the last 12 months.

"The scale of our Insiders award this year is impressive with both its breadth and depth," said Jacob Gaffney, HousingWire Editor-In-Chief. "The talent on display here is unmistakable and the scope of the work our winners do day-in and day-out is a testament to their accomplishments. It's an honor for HousingWire to publish this award."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions. ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans. For more information, visit www.armco.us or call 1-800-858-1598.

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Business, Free News Articles

ARMCO Promotes COO Phil McCall to President

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced that chief operating officer Phil McCall has been promoted to company president. In his new role, McCall will oversee all operations for the company, including the expansion of the company's award-winning ACES Audit Technology platform.

McCall, who has been with the company since 2014, is a respected subject matter expert in the field of mortgage quality control and championed the development and implementation of ARMCO's ACES Analytics, the industry's first loan quality control benchmarking software and the technology behind ARMCO's Mortgage QC Industry Trends Report.

"ACES Analytics and the Mortgage QC Industry Trends Report have made a big impact in our growth, visibility and standing in the industry over the past few years," said Avi Naider, ARMCO's CEO. "Phil's vision for technology and mortgage quality control is a key component of our growth over the next several years. We anticipate the company will continue to benefit from his vision in his role as president of ARMCO."

Phil McCall has been in the mortgage industry for more than 25 years and has held numerous executive positions with both mortgage lenders and mortgage technology providers. In the past year, he received two top industry awards: HousingWire magazine's HW Vanguard Award, which the magazine states "recognizes C-level and business unit executives who have become leaders in their respective fields within housing and mortgage finance - those whose leadership is moving markets forward," and the 2017 Tech All-Star Award by the Mortgage Bankers Association (MBA), which recognizes an individual who has made significant and outstanding contributions in mortgage technology. McCall is a key contributor to several mortgage quality and auditing technologies, is a member of MBA's Fraud Issues Committee and has been sought out as a mortgage fraud subject matter expert by multiple law enforcement agencies.

"I'm truly excited to be a part of an organization like ARMCO that shares my commitment to technology innovation and my passion for real change," said McCall. "It's especially important today, as the industry drives its focus even more toward loan quality and data integrity. I'm looking forward to the great things we will accomplish as we grow, and the positive changes we'll make for lenders and the industry as a whole."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions. ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable.

ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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Free News Articles

ARMCO Updates ACES with Day 1 Certainty™ Functionality

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced today that it has updated its flagship ACES Audit Technology(TM) with new functionality that aligns with Fannie Mae's Day 1 Certainty(TM) (D1C) initiative. With this update, ACES now includes additional fields for assessing asset, income, employment and collateral data according to Fannie Mae's D1C initiative. The company also updated its rule-based technology to assist auditing these loans according to the D1C initiative.

ACES users continue to use ACES Intelligent Questionnaire technology to customize questions and scripts according to their own unique needs and objectives. ACES' direct import of D1C data enables users to preserve the integrity of their QC processes, while also aligning with D1C parameters.

"Lenders can gain added protection under Fannie Mae's Day 1 Certainty initiative, but they have to follow certain protocols," says Phil McCall, COO of ARMCO. "We updated ACES so our clients can automate their auditing process to account for the different checkpoints associated with D1C. Our clients know that ARMCO's mission is protecting their businesses. They know they can rely on us to stay on top of all guidelines, initiatives, regulations and trends, and they know we will continue providing the tools that help them grow and protect their businesses, not just for now, but also for the long haul."

The recent ACES software enhancement went into effect for all clients June 12, 2017. Clients and interested parties can get further information on this update via the proprietary ACES Knowledge Center, or by visiting the ARMCO website (www.armco.us) for a demonstration of the latest software.

ABOUT ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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Business, Free News Articles, Reports and Studies

TRID and Loan Package Documentation Defects Comprise Over 68 Percent of Reported Defects

POMPANO BEACH, Fla. -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced it has released the ARMCO Mortgage QC Industry Trends Report for the fourth quarter of 2016 and calendar year 2016.

Some of the report's noteworthy findings include:
* Over 68 percent of defects reported in 2016 involved TRID-related and/or loan package documentation issues
* The benchmark Critical Defect Rate increased slightly, from 1.27 percent in Q3 2016 to 1.50 percent in Q4 2016
* In fourth quarter 2016, purchase transactions among the subject group comprised 51 percent of the benchmark data, up from 48 percent in the previous quarter

"The data suggests lenders are getting more adept at complying with critical TRID-related issues. However, new areas of concern are beginning to spring up and an early correlation can be linked to a more purchase-focused market," said Phil McCall, COO of ARMCO. "Lenders need to learn from their own defects if they want to protect themselves against compliance-related issues, but they also need to stay apprised of changing trends if they want to mitigate the increased risk of fraudulent activity that is inherent with a purchase-driven market."

Each quarter, ARMCO releases the ARMCO Mortgage QC Industry Trends Report, which is based on post-closing quality control loan data captured by the company's ACES Analytics benchmarking software. The ACES Analytics benchmarking dataset includes post-closing quality control data from over 65 lenders, comprising more than 75,000 unique loans selected for random full-file reviews. Defects are categorized using the Fannie Mae loan defect taxonomy. The company issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

Each ARMCO Mortgage QC Industry Trends report includes easy-to-read charts and graphs, a summary that outlines ARMCO's overall findings, a breakdown of defect rates for each Fannie Mae loan defect category, and a short conclusion. The current and previous reports also contain an analysis of the top credit-related critical defects, which is now a regular feature of the report.

To obtain a copy of the report, please visit http://www.armco.us/knowledge/mortgage-qc-industry-report-2016-q4.

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(tm), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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