ACES Quality Management, Denver, said the overall critical defect rate for mortgage underwriting in the third quarter rose to a series high.
Tag: Mortgage QC Trends Report
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ACES: Critical Defect Rates Up 6%
ACES Quality Management, Denver, issued its quarterly Mortgage QC Industry Trends Report, showing the overall critical defect rate increased by 6% in the second quarter to 2.05%, crossing the 2% threshold for only the third time in this report’s history.
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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.
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ACES: Q2 Critical Defect Rate Up 13%
ACES Quality Management, Denver, reported a13% increase in overall critical defect rates to 2.27%, ending a multi-quarter trend of improvement.
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ACES: Q4 Critical Defect Rate Moderates, But Remains High
ACES Quality Management, Denver, said overall critical defect rates improved in the fourth quarter but remained high for calendar year 2020.
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ACES: Critical Defect Rate Highest Since 2018
ACES Quality Management, Denver, said its quarterly Mortgage QC Trends Report for the second quarter reported the overall critical defect rate of 1.88% is the highest quarterly rate since 2018.
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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.