The article below represents a preview only and is not meant for reuse or republishing.
ARMCO QC Trends Report: Loan Quality Corrects with Market's Upturn
Click here to read full article from source
POMPANO BEACH, Sept. 16 -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report covers first quarter (Q1) 2019 and provides loan quality findings for mortgages reviewed by ACES Audit TechnologyTM.POMPANO BEACH
"Q1 2019 revealed the loan quality correction we anticipated after Q4 2018, but while there are many positives related to the overall market's upturn, we saw an increase in defects related to key underwriting and eligibility functions," said Nick Volpe, chief strategy officer for ARMCO. "This continues a trend that persisted the entirety of 2019. Lenders shouldn't take this lightly."
To read the full article or to get the complete feed from this publication, please Contact Us