Industry Briefs March 5, 2024

Industry news from ACES Quality Management, Matic, Truv, Dark Matter Technologies, Paradatec, LoanLogics, BaseCap Analytics and Calque.

Quote: Dec. 19, 2023

“Nearly 96% of all home mortgages are performing, which underscores how strong servicing portfolio performance is right now with the same resilience seen in the U.S. labor market.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis.

Quote: Dec. 18, 2023

“Q2 2023 proved to be better than expected, as the critical defect rate continued to decline in the face of a surge in origination volume over the previous quarter.”
–Nick Volpe, Executive Vice President of ACES Quality Management

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.

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.