ACES Quality Management, Denver, found the overall critical defect rate continued to fall in Q3 2023, by 2.91% to 1.67%.
Tag: Critical Defects
ACES: Critical Defect Rate Falls for Third Straight Quarter
ACES Quality Management, Denver, Colo., reported the critical defect rate for the second quarter of 2023 fell to 1.72%, a 3.37% decrease and the third consecutive quarter of declines.
ARMCO: Year over Year Trends Show ‘Marked Improvement’ in Critical Defect Rates
ACES Risk Management, Denver, released its quarterly ARMCO Mortgage QC Trends Report, showing critical defect rates improved from the fourth quarter to the first and in 2019 overall.
ARMCO: Critical Defect Rate Drops 9%
ACES Risk Management, Denver, said the overall critical defect rate reached 1.56% in the third quarter, to the lowest defect rate since 2016.