MBA Premier Member Profile: Vesta

(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)

ACES: Critical Defect Rate Down for Q1 2023

ACES Quality Management, Denver, reported the overall critical defect rate for the first quarter of 2023 was 1.78%. That’s down 3.26% from the previous quarter, and the second straight quarter of declines.

Snapdocs Survey: eClosing Tech Investment Outpaces Adoption

Digital closing provider Snapdocs, San Francisco, conducted a survey on lenders’ use of eClosing technology. It found that 74% of lenders have invested in the tech, but only 28% of those offering such services have achieved an adoption rate over 60%.