Proper quality control reporting can be a compass for lenders in creating efficient and profitable mortgage businesses.
Tag: ACES Quality Management
Sponsored Content from ACES Quality Management: Profit Retention Strategies for Quality Control Operations
Proper quality control reporting can be a compass for lenders in creating efficient and profitable mortgage businesses.
Industry Briefs Sept. 16, 2022: HUD Announces $12.5 Million Funding Opportunity to Expand Access to Affordable Homeownership
HUD announced availability of $12.5 million through the Self-Help Homeownership Opportunity Program for eligible national and regional non-profit organizations and consortia with experience providing or facilitating self-help housing opportunities.
Critical Defect Rate Falls for 2nd Straight Quarter
ACES Quality Management, Denver, said the overall critical defect rate declined for the second straight quarter despite a more challenging mortgage lending environment.
Industry Briefs Aug. 5, 2022: Fannie Mae Survey Cites Cost-Cutting as Top 2022 Business Priority
Fannie Mae, Washington, D.C., said mortgage lenders appear to be adapting their business priorities to meet what they believe are a new set of challenges, including weakened mortgage demand and rising rates.
Industry Briefs July 12, 2022: Sales Boomerang, Mortgage Coach Merge
Sales Boomerang, Owings Mill, Md., an automated borrower intelligence and retention system, and Mortgage Coach, Irvine, Calif., a platform enabling mortgage lenders to educate borrowers with interactive home loan presentations, announced their merger and appointed SaaS executive Richard Harris as CEO.
ACES: 4Q Critical Defect Rate Rises to 1.95%
The company’s Q4 Mortgage QC Industry Trends Report found the overall critical defect increased 0.08% to 1.95%, a change of 4% from the prior quarter, as lenders transitioned to a purchase-heavy lending environment.
Industry Briefs June 14, 2022: OptifiNow Implements CRM Platform for Reverse Mortgage Lender
OptifiNow, Seal Beach, Calif., deployed its custom CRM platform for Reverse Mortgage Lending, a reverse mortgage originator based in San Diego. Reverse Mortgage Lending selected OptifiNow as its CRM platform to manage its marketing campaigns and track loans in process more effectively.
Critical Defect Rate Down 18%
ACES Quality Management, Denver, said mortgage lenders managed loan origination quality “extremely well” in the third quarter, leading to an 18% improvement in overall credit defect rates.
Industry Briefs Apr. 1, 2022: Homebridge Launches ‘Our Community’
Homebridge Financial Services Inc., Iselin, N.J., launched its “Our Community” hub on the company’s website. This resource provides a new level of transparency about Homebridge’s current diversity and inclusion internal workforce efforts and measures progress.