Author Archives: ARMCO ACES Risk Management

ARMCO’s Kacey Olson Named 2020 HW Insider

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced today that its Director of Compliance Kacey Olson has been chosen as one of HousingWire's 2020 Insiders Award winners. In its fifth year, the HousingWire Insiders Award honors the industry's unsung heroes who work to propel their companies to success.

According to the publication, these 50 winners are the "go-to" team members in their companies and represent a wide range of occupations within the housing industry, from lending and real estate to investments and fintech. The Insiders are the professionals their companies turn to with their most important or challenging projects, and their contributions and hard work lead to superior results.

"This year's Insiders represent the unsung heroes of their companies; the team that, behind the scenes, kept everything on track during unprecedented times," HousingWire Magazine Editor Kelsey Ramírez said. "This year, the need for the services of these 50 winners shown greater than ever, and they rose to the challenge."

Olson was recognized not only for her general compliance contributions, but also her coordination and leadership of the swift response to the COVID-19 pandemic within ARMCO and its ACES Audit Technology(tm). As the COVID-19 pandemic began to impact the mortgage industry, Olson and her team created a new question set category within its ACES Intelligent Questionnaire (ACES IQ) functionality to house all temporary regulatory provisions issued by state and federal agencies and the GSEs in response to the COVID-19 national emergency declaration. The new category provided ACES users with a centralized repository inside ACES Audit Technology to ensure audits are conducted using the most up-to-date compliance standards.

"While Kacey's contributions to ARMCO in the last 12 months are numerous, it has been her contributions in 2020 as related to the COVID-19 pandemic that have demonstrated her irreplaceable value to both ARMCO and the mortgage industry," said ARMCO CEO Trevor Gauthier. "She is the epitome of a 'behind the scenes' star, and her continuous efforts to keep the mortgage industry up-to-date on all compliance matters has helped ARMCO become and remain the leading provider of enterprise quality management and control software for the financial services industry. For this and so many other reasons, we are proud to see Kacey included on the 2020 HousingWire's Insiders list."

For the full list of 2020 HousingWire Insiders, visit https://www.housingwire.com/articles/here-are-the-2020-hw-insiders/.

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 1.0

million unique visitors each month. Our audience of mortgage, real estate and fintech professionals rely on us to Move Markets Forward. Visit https://www.housingwire.com or

https://www.solutions.housingwire.com to learn more.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Audit Technology(tm) to improve audit throughput and quality while controlling costs, including:
* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;
* 2 of the top 5 loan servicers; and
* 2 of the top 5 depository institutions.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced today that its Director of Compliance Kacey Olson has been chosen as one of HousingWire's 2020 Insiders Award winners.

Related link: https://www.armco.us/

ARMCO Executive Joins QC-Focused Panel for Mortgage Bankers Association’s Virtual Risk Management Conference

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt has been selected to speak on the topic of quality control during the MBA Live - Risk Management, QA and Fraud Prevention Forum 2020, hosted virtually September 15 - 16, 2020 by the Mortgage Bankers Association (MBA).

On Tuesday, September 15, Reichhardt will join the panel session "Underwriting & QA: How to Make QC a Profit Center" from 3 - 3:50 p.m. ET.

The panel will be moderated by Steve Spies, a consultant with SWS Risk Advisory LLC, and Jason Emory, Senior Vice President of Quality Control at PrimeLending will join Sharon as a panelist. The session will feature a discussion on how lenders mitigate the significant revenue and personnel resources devoted to QC by leveraging enhancements in technology, real-time data validation and outsourcing strategies.

"The MBA has put together a remarkable group of industry veterans for this panel, and I am honored to participate," said Reichhardt. "The COVID pandemic has placed a greater spotlight on new ways in which lenders can alleviate costs without sacrificing quality and I look forward to exploring those options on this panel."

In addition to Reichhardt's panel, ARMCO is also serving as the sole presenting sponsor for this year's virtual event.

"The MBA's RMQA Forum has always been the industry's premier event for mortgage quality control and risk management professionals, but the current economic uncertainty lends extra weight to the purpose of this year's event," said ARMCO CEO Trevor Gauthier. "In the spirit of facilitating the exchange of ideas and best practices for maintaining loan quality, ensuring compliance and mitigating risk, ARMCO is proud to be this year's presenting sponsor for RMQA, and we look forward to yet another first-rate MBA event."

For information regarding the virtual conference, visit https://www.mba.org/conferences-and-education/event-mini-sites/mba-live.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Audit Technology(tm) to improve audit throughput and quality while controlling costs, including:
* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;
* 2 of the top 5 loan servicers; and
* 2 of the top 5 depository institutions.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt has been selected to speak on the topic of quality control during the MBA Live - Risk Management, QA and Fraud Prevention Forum 2020, hosted virtually September 15 - 16, 2020 by the Mortgage Bankers Association (MBA).

Related link: https://www.armco.us/

ARMCO Executive to Co-Host QC Webinar through MBA’s Education Department

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt will share her expertise on loan quality and risk management during an upcoming webinar sponsored by the Mortgage Bankers Association (MBA).

On Thursday, July 9, Sharon Reichhardt will present alongside Jennifer Whip, principal at Cambridge One, LLC, on the topic "Protecting Your Profitability Through Quality Control" from 2:00 to 3:00 p.m. ET. The webinar, which will include a moderated question and answer session featuring information valuable to c-level executive, compliance and QC officers, and operations managers. Discussion topics will include but are not limited to best practices in governing the QC process, impactful strategies to ensure loan investment quality and leveraging the power of data through effective reporting.

"With rates at a near all-time low and volumes remaining high, lenders are enjoying a sustained period of profitability - one which they would be wise to protect given the cyclical nature of the mortgage business," Reichhardt said. "Our goal with the webinar is to educate lenders on how a solid quality control process can help mitigate loan defect risk and improve investor confidence in loan quality, and we offer our sincerest thanks to the MBA for providing us the opportunity to share this valuable information with its membership."

To register for the webinar, visit https://www.mba.org/store/events/webinar/protecting-your-profitability-through-quality-control. The webinar is free to all MBA members. Non-MBA members can use the code "QC200" to receive a discount on registration.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. Three of the top five independent mortgage lenders and two of the top five U.S. commercial banks rely on ACES Audit Technology(TM) to improve audit throughput and quality while controlling costs. Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit www.armco.us or call

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced that Executive Vice President of Operations, Sharon Reichhardt will share her expertise on loan quality and risk management during an upcoming webinar sponsored by the Mortgage Bankers Association (MBA)

Related link: https://www.armco.us/

2019 ARMCO QC Trends Report Indicates Overall Marked Improvement in Critical Defect Rate over 2018

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report, which provides nationwide loan quality findings based on data derived from ACES Audit Technology(TM) covers both the fourth quarter (Q4) and the 2019 calendar year (CY).

"Reduced interest rate volatility and declining interest rates over the course of the year created an environment in which lenders rode a sustained wave of refinances, increased their overall loan production and improved their profitability - all of which contributed to the improvements in loan quality in 2019," said ARMCO Executive Vice President Nick Volpe. "With the rate environment expected to remain unchanged throughout 2020, the loan quality levels observed in 2019 seem sustainable. However, this forecast does not and cannot account for the anomalies triggered by the COVID-19 pandemic. Therefore, lenders will need to keep a sharp eye out for negative spikes in their loan data as 2020 continues."

The report's noteworthy findings include:

* On a quarter-over-quarter basis, critical defect rates improved in the first three quarters of 2019 before reversing the decline and climbing in Q4 2019.
* Q4 2019 ended with a defect rate of 1.73%, an increase of 11% from Q3 2019.
* The share of conventional loans increased from 56.40% in CY 2018 to 61.99%, representing a nearly 6% increase.
* Purchase share fell 7.5% in CY 2019 as compared to CY 2018.
* Regulatory compliance issues were down 51% year-over-year, to a multi-year low of 5.17% of all critical defects.
* Loan Package/Documentation defects were volatile in CY 2019 but did post a 12% improvement compared with CY 2018.
* Income, Assets, and Credit (key qualification/underwriting criteria) related defects made up 53% of all critical defects in CY 2019, with Income and Credit increasing from the prior year, and Asset defects decreasing.
* Market stability contributed to an overall better 2019 for lending quality. However, these improvements will be severely tested as data comes in for the coming quarters as we start to see COVID's impact on mortgage lending.

The Q4/CY 2019 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

"While 2019's critical defect rates represent a clear improvement over 2018 and suggest a continuation of that trend moving into 2020, the increase in forbearance requests, high unemployment rates and the potential for early payment defaults to spike later in the year will certainly put this prediction to the test," said ARMCO CEO Trevor Gauthier. "Recognizing the potential need for lenders to ramp up their EPD audit volume, ARMCO launched ACESXPRESS for Early Payment Defaults to better prepare our clients for this possibility and ensure they had a turnkey platform to help them maintain audit requirements and keep a vigilant eye on this potential source of risk."

Volpe will analyze the findings from the Q4/CY 2019 ARMCO Mortgage QC Industry Trends Report and offer insights into what lenders can expect in future quarters during a webinar titled, "Insights into Mortgage QC Trends - Past Highlights and Predictions for 2020," as part of its on-going QC NOW Web Series. To access the webinar recording, visit https://www.armco.us/learn/webinars/qc-now.

ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. More than half of the top 50 lenders and two of the top five U.S. commercial banks rely on ACES Audit Technology(TM) to improve audit throughput and quality while controlling costs. Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report, which provides nationwide loan quality findings based on data derived from ACES Audit Technology covers both the fourth quarter (Q4) and the 2019 calendar year (CY).

Related link: https://www.armco.us/

ARMCO Expands Corporate Philanthropic Program to Support COVID-19 Relief and Racial Equality Advocacy Efforts

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced it has expanded its corporate philanthropic initiative ARMCO CARES to support employees' charitable giving and volunteer efforts in response to the COVID-19 pandemic and recently added contributions advocating for racial equality. The program includes a $100 donation by ARMCO to a registered charity of each employee's choosing in addition to corporate matching. To date, ARMCO and its employees have contributed to nearly two dozen different charitable organizations addressing issues related to COVID-19 and racial inequality resulting in a 135% increase compared to 2019.

"Support has always been one of ARMCO's core values, but this concept has taken on elevated importance and meaning right now," said ARMCO CEO Trevor Gauthier. "We reopened the program for the year during the pandemic, and in the midst of that, we sadly experienced yet another act of police brutality. There is no better time to focus on charitable organizations assisting with positive change in the world."

Launched in 2018, ARMCO CARES is a philanthropic initiative established by ACES Risk Management to enable employees to share in the firm's success by contributing financially to the charities and causes close to their hearts. The program offers a dollar-for-dollar match of employee donations to a U.S.-registered 501(c)(3) charitable organization of the employee's choice and also supports employees' wellness and community involvement programs.

To learn more about ARMCO CARES and see how ARMCO employees are contributing to their communities and promoting positive change, visit https://www.armco.us/company/armco-cares.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. More than half of the top 50 lenders and two of the top five U.S. commercial banks rely on ACES Audit Technology(tm) to improve audit throughput and quality while controlling costs. Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit www.armco.us or call 1-800-858-1598.

*LOGO link for media: https://www.send2press.com/300dpi/20-0401s2-armco-logo-300dpi.jpg

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the financial services industry, announced it has expanded its corporate philanthropic initiative ARMCO CARES to support employees' charitable giving and volunteer efforts in response to the COVID-19 pandemic.

Related link: https://www.armco.us/

ARMCO Launches QC NOW Web Series to Support QC Professionals

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the launch of QC NOW, a web series covering current regulatory and operational changes related to quality control, compliance and risk for independent mortgage lenders, banks and credit unions.

"Now more than ever, information is power, and with so much changing so quickly in the lending and financial services landscape, it can be difficult to keep pace and stay informed," ARMCO CEO Trevor Gauthier said. "The QC NOW web series is yet another way ARMCO continues to support financial services quality control and compliance professionals by providing up-to-date information on regulatory and operational changes in an easily digestible format."

The series launches on May 28, 2020 at 11 a.m. Pacific Time (PDT) with "QC Operations in the New World - A Look Into the COVID-19 Era," hosted by ARMCO President and Chief Operating Officer Phil McCall. The webinar will cover what has changed for lenders since the start of the pandemic, the immediate and overall effects of these changes and how qc professionals can prepare for what is still to come.

Other upcoming topics for the web series include:
* How to Ensure Data Integrity with HMDA Reviews
* Mortgage QC Industry Trends - Future Outlook
* QC Reporting Essentials
* State of Servicing QC

To view the upcoming schedule and register to attend an upcoming presentation, visit https://www.armco.us/learn/webinars/qc-now.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. More than half of the top 50 lenders and two of the top five U.S. commercial banks rely on ACES Audit Technology(tm) to improve audit throughput and quality while controlling costs. Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.armco.us or call 1-800-858-1598.

*LOGO link for media: https://www.send2press.com/300dpi/20-0401s2-armco-logo-300dpi.jpg

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the launch of QC NOW, a web series covering current regulatory and operational changes related to quality control, compliance and risk for independent mortgage lenders, banks and credit unions.

Related link: https://www.armco.us/

ARMCO Expands Integrated Third-Party Vendor Offerings Within ACES Audit Technology

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced several major enhancements to its ACES Audit Technology platform to aid lenders' loan defect categorization and post-closing quality control efforts.

"Loan quality is a moving target, and to ensure our clients are always hitting the mark, ARMCO is continually refining ACES as users' needs and regulatory directives change," ARMCO CEO Trevor Gauthier said. "This recent slate of system updates is further evidence of our commitment to customer satisfaction, user choice and industry partnerships with best-of-breed providers that support our clients' loan quality initiatives."

Included in the enhancements are additions to the suite of integrated third-party verification providers available within ACES. Users can now order, track and receive credit reports from Data Facts and field reviews from Service1st without leaving the ACES system, which streamlines the quality control audit process and eliminates the unnecessary, time-consuming and error-prone task of rekeying data.

"Data Facts is hyper-focused on helping lenders address fraud and compliance, which makes our partnership with ARMCO such a natural fit," said Lisa May, senior vice president of strategic solutions at Data Facts. "Not only is this integration a win-win for our mutual customers, but it also provides all ACES users with a choice for credit reporting services, and we look forward to delivering to ACES users the same high-touch, high-level customer service that our existing clients have come to expect from Data Facts."

"Many appraisal management companies list appraisal reviews as product offerings, but, in reality, this often takes a back seat to their main business of origination appraisals. That is not the case for Service 1st," said Joe Chappell, executive vice president and business leader for partner integrations at Covius, which owns Service1st. "We have a 25-year track-record of providing appraisal reviews to the QC community and are known for our service, the quality of our valuations, our commitment to communications and our competitive pricing. Our integration with ARMCO brings together two of the industry's leading QC service providers to accelerate the overall appraisal review process, create greater efficiencies for our joint clients and reduce the risk of human error."

In addition to expanding users' options for third-party verification providers, ARMCO also announced its updates to the loan defect taxonomies for Fannie Mae and FHA included within ACES. These updates reflect the changes announced by Fannie Mae in late Q3 2019 and FHA in early Q1 2020 and were made available to ACES users in December 2019 and January 2020, respectively.

"The loan defect taxonomies established by Fannie Mae and FHA enable lenders to standardize their categorization of loan defects, which, in turn, helps facilitate historical trending and benchmarking activities so that lenders have a more fulsome understanding of their loan quality both over time and as compared to their peers," said Gauthier. "As a best practice, the ACES software is updated immediately with these changes to ensure our clients are compliant and utilizing the latest standard from their prudential regulators to effectively manage their loan quality and risk."

About Data Facts

For over three decades, Data Facts' full-circle portfolio of solutions has helped lending professionals make sound lending decisions and maximize efficiencies. Employees are 100% U.S. based and data is never off-shored. By utilizing innovative technology, seamless LOS integrations, and their ability to create customized, flexible solutions, they help clients close more loans faster and easier. Data Facts is certified by the Women's Business Enterprise National Council (WBENC) as a 100% woman-owned business. To read more about Data Facts, visit their website at https://www.datafacts.com.

About Service1st

Service1st, a Covius solution, provides technology-enabled appraisal risk management solutions and specializes in quality control providers. Service1st also delivers risk management solutions for residential and commercial mortgage origination, servicing, default, REO and due diligence. Covius is a trusted provider of services, insight and technology to leading financial companies. Covius' technology-enabled solutions deliver operational efficiencies, mitigate risk and empower compliant decisions and borrower interactions.

Covius businesses are recognized leaders in credit and verification services, HOA and tax tracking, quality assurance, regulatory compliance, compliant document services, comprehensive settlement services, lien and title curative solutions, REO asset management and auction services, capital markets due diligence and oversight as well as rapid-development, customizable cloud-based business process solutions. The company was named a 2020 HousingWire Tech100 winner. For more information about the company and its services, visit https://covius.com.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. More than half of the top 25 mortgage lenders, a third of the top 150 lenders and servicers and two of the top five U.S. commercial banks rely on ACES Audit Technology(TM) to improve audit throughput and quality while controlling costs. Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment.

For more information, visit https://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced several major enhancements to its ACES Audit Technology platform to aid lenders' loan defect categorization and post-closing quality control efforts.

Related link: https://www.armco.us/

ARMCO Launches ACESXPRESS for Early Payment Defaults

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the release of ACESXPRESS(TM) for Early Payment Defaults (EPDs) to bolster lenders' existing audit programs in light of the recent increases in required monthly EPD audit volume.

"With unemployment figures on the rise due to the COVID-19 pandemic, the industry is bracing itself for a sharp increase in the number of EPDs on recently originated loans. Furthermore, EPDs are one of the strongest indicators of possible mortgage fraud, the likelihood of which also increases as borrowers feel a greater sense of urgency to secure financing for their home purchase," ARMCO CEO Trevor Gauthier said. "ACESXPRESS for EPDs provides a turnkey platform for managing sudden volume spikes in EPD audits while maintaining compliance with audit requirements. Because the system can be implemented within a week, ACESXPRESS for EPDs also minimizes the burden typically placed on existing staff when onboarding a new system, thus enabling lenders to begin realizing its benefits sooner."

Originally launched in 2016, ACESXPRESS delivers the power of the ACES Audit Technology(TM) platform in an easy-to-implement format for small and mid-sized lenders. Recognizing the need for a similar platform designed specifically for EPD audits, ARMCO refined the functionality of ACESXPRESS to deliver needed EPD audit support with a streamlined implementation timeframe. ACESXPRESS for EPDs includes:

* Minimal setup requirements and the ability to configure within a week;
* Full product support from ARMCO;
* Pre-configured audits, including ACES IQ for conducting EPD reviews; and
* A library of standard report templates.

"Responsiveness is key to managing loan quality," said Gauthier. "As economic and market conditions change, ARMCO is committed to delivering technology that supports lenders' audit needs and helps mitigate lending risk."

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. More than half of the top 25 mortgage lenders, a third of the top 150 lenders and servicers and two of the top five U.S. commercial banks rely on ACES Audit Technology(TM) to improve audit throughput and quality while controlling costs. Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment.

For more information, visit www.armco.us or call 1-800-858-1598.

*LOGO link for media: https://www.send2press.com/300dpi/20-0401s2-armco-logo-300dpi.jpg

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the release of ACESXPRESS for Early Payment Defaults (EPDs) to bolster lenders' existing audit programs in light of the recent increases in required monthly EPD audit volume.

Related link: https://www.armco.us/

ARMCO Launches ACES Consumer™ Quality Management Platform for Financial Institutions

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the official release of ACES Consumer, the next iteration of its ACES Audit Technology(TM) platform designed specifically for financial institutions. The new solution provides both consumer banks and credit unions with a single platform to improve loan quality and gain valuable insights across all consumer lending channels.

"Traditionally, financial institutions have taken a siloed approach to quality control in lending. As a result, organizations may have a different process or platform for managing loan quality in each of their consumer product lines, thereby duplicating efforts and increasing the cost to comply," ARMCO CEO Trevor Gauthier said. "As the leader in quality control audit software for the mortgage industry, ARMCO has amassed a wealth of knowledge on best practices for managing QC and compliance, which we have leveraged in the development of ACES Consumer to provide all financial institutions with a single platform capable of ensuring loan quality and mitigating risk across their entire enterprise."

ACES Consumer is a web-based, user-definable platform that enables financial institutions to easily configure audits across their entire consumer lending portfolio to help reduce audit times by up to 40% and eliminate manual processes. Backed by a dedicated Client Success team, the platform includes automated loan sampling functionality, advanced reporting and dashboarding capabilities and a secure communication portal to streamline the quality control process.

ACES Consumer also uses pre-built questionnaires to ensure compliance with federal consumer regulations covering, but not limited to:
* Consumer direct and indirect lending;
* Truth in Lending Act (TILA);
* Loan applications;
* Branch audits;
* New deposit open end credit;
* Consumer loan servicing;
* Consumer leasing;
* Marketing; and
* Community Reinvestment Act (CRA).

"Many financial institutions have been forced to rely on spreadsheets, email and manual processes to power their quality control audits. As organizations grow, these methods quickly become inadequate to the task, which exponentially increases the number of manhours required to complete this mission-critical function. Furthermore, these methods are ill-suited to a remote work environment, as they add unneeded complexity to the process and create multiple opportunities for data to become lost or corrupted," Gauthier said.

"With ACES Consumer, financial institutions can harness the power of web-based automation to streamline the quality control process, thereby ensuring that they have a scalable process in place for managing loan quality and mitigating risk, regardless of their operational circumstances."

For more information, visit https://www.armco.us/products/aces-consumer.

About ARMCO

ACES Risk Management (ARMCO) is the leading provider of enterprise quality management and control software for the financial services industry. More than half of the top 25 mortgage lenders, a third of the top 150 lenders and servicers and two of the top five U.S. commercial banks rely on ACES Audit Technology(TM) to improve audit throughput and quality, while controlling costs. Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ARMCO clients get responsive support and access to our experts to maximize their investment. For more information, visit www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise quality management and control software for the lending industry, announced the official release of ACES Consumer, the next iteration of its ACES Audit Technology platform designed specifically for financial institutions.

Related link: https://www.armco.us/

ARMCO Updates ACES IQ to Provide Guidance on Regulatory Changes Made in Response to COVID-19 National Emergency Declaration

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced it has created a new question set category within its ACES Intelligent Questionnaire (ACES IQ) functionality to house all temporary regulatory provisions issued by state and federal agencies and the GSEs in response to the COVID-19 national emergency declaration. The new category provides ACES users with a centralized repository inside ACES Audit Technology to ensure audits are conducted using the most up-to-date compliance standards.

"With new information and guidance being issued seemingly by the minute at all supervisory levels, the task of collecting and tracking these changes can overwhelm even the most robust compliance department," ARMCO CEO Trevor Gauthier said. "In these challenging times, it is more important than ever for ARMCO to support its customers in their compliance, quality control and risk management efforts, and our team is dedicated to staying on top of these temporary provisions to ensure our clients are always working with the most current information available."

To help the industry at large stay informed of these changes as they arise, ARMCO is also tracking compliance news related to COVID-19 in its Compliance NewsHub, a free credit and compliance research library curated by ARMCO's in-house compliance team covering updates from regulators and investors. Readers can search for all COVID-19 compliance updates and news within the "Disaster News" category. In addition, ARMCO's compliance team has added all current dates for temporary compliance provisions related to COVID-19 on the Compliance Calendar, ARMCO's searchable roundup of compliance dates and deadlines, under the tag "COVID-19."

To subscribe to the Compliance NewsHub Weekly Roundup and Compliance Calendar, visit https://www.armco.us/compliance-newshub/subscribe.

About ARMCO

ARMCO is the leading provider of loan quality enterprise software, services, data and analytics for financial institutions and independent mortgage lenders. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category and is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations across the consumer lending spectrum. Over half of the top 25 mortgage lenders and 33% of the top 150 lenders and servicers combined choose ARMCO. ARMCO's consultative approach to customer relationships leverages 25 years of risk intel, ensuring that its clients are using the most effective risk mitigation strategies and the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced it has created a new question set category within its ACES Intelligent Questionnaire (ACES IQ) functionality to house all temporary regulatory provisions issued by state and federal agencies and the GSEs in response to the COVID-19 national emergency declaration.

Related link: https://www.armco.us/

Refinance Spike Drives Continued Decrease in Critical Defect Rate, According to Q3 2019 ARMCO Mortgage QC Trends Report

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report covers third quarter (Q3) 2019 and provides loan quality findings for mortgages reviewed by ACES Audit Technology™.

In Q3 2019, the overall critical defect rate reached 1.56%, representing a 9% decrease from the previous quarter and resulting in the lowest defect rate since Q4 2016. This also represents a 19% improvement from the most recent critical defect rate peak, which occurred in Q4 2018.

"The driving force behind Q3's strong critical defect rate is the increase in refinances, which accounted for 40% of the overall volume of loans reviewed this quarter. Given the current rate environment and overall mortgage market conditions, ARMCO's outlook for both the critical defect rate and the market as a whole remains incredibly strong," said ARMCO Executive Vice President, Nick Volpe.

The report's noteworthy findings include:
* The percentage of government loans reviewed in Q3 fell as the interest rate environment drove more conventional refinances, resulting in a 10% improvement on FHA loan defects compared to the previous quarter.
* Defect performance for purchase loans also improved, with defect categories related to core underwriting and qualification showing improvements over Q2 2019.
* Increase in Property/Appraisal defects driven by lasting effects of Hurricane Dorian, Hurricane Humberto and the multiple wildfires in Northern and Southern California.

"While refinance transactions generally result in fewer defects, volume spikes can often have the opposite impact on loan quality," said ARMCO President, Phil McCall. "Leveraging technology helps lenders better manage mortgage volume peaks and valleys while always keeping the focus on loan quality."

ARMCO's Mortgage QC Industry Trends Reports are based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy. ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO

Over half of the top 25 mortgage lenders and 33% of the top 150 lenders and servicers combined choose ARMCO. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology™, has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced the release of the quarterly ARMCO Mortgage QC Trends Report. The latest report covers third quarter (Q3) 2019 and provides loan quality findings for mortgages reviewed by ACES Audit Technology™.

Related link: https://www.armco.us/

ARMCO Makes HW Tech100 Mortgage List for Sixth Consecutive Year

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced today it has been named to the 2020 HW Tech100™ Mortgage list published by mortgage industry trade magazine HousingWire. This marks ARMCO's sixth consecutive appearance on the HW Tech100 list, which highlights tech innovation that captures the entire U.S. housing economy, spanning real estate to mortgage lending, servicing and investments.

"At ARMCO, our unrelenting focus is on helping lenders achieve greater loan quality and reducing risk to their organizations. As a result, we are constantly making adjustments and enhancements to our product offerings to ensure we are staying on top of regulatory demands and providing lenders with best-in-class quality control technology," ARMCO CEO Trevor Gauthier said. "We are incredibly grateful to the staff at HousingWire for recognizing ARMCO's commitment to excellence and including us on this year's Tech100 Mortgage list."

"HousingWire's motto for 2020 is growth through focus. With that lens, the Tech100 program underwent mitosis and emerged as two highly focused awards - Tech100 Real Estate and Tech100 Mortgage. While collaboration between real estate and mortgage professionals has never been higher, the tools and solutions that empower these professionals to excel are often entirely different," said HousingWire CEO, Clayton Collins. "The winners of the 2020 HousingWire Tech100 Mortgage and Real Estate awards are truly the most impactful and innovative companies in housing. Not only do these companies empower their clients and users, they are supporting a more efficient, accessible and sustainable housing economy."

In ARMCO's profile, HousingWire's editors noted ARMCO consolidated QC for mortgage and consumer lending into one central unit and reduced monthly reports for lenders from eight manually compiled reports to one interactive report. ACES Audit Technology™ expedites turn times, increases reliability and imparts standardization, accountability and auditability in virtually any quality control process. In 2019, ACES Audit Technology allowed users to recapture roughly 16 skilled labor hours per month to QC the same volume of loans, reduce turn times for month-end reports from several days to roughly one hour and replace email and spreadsheets with a secure, real-time online platform that enables seamless real-time information sharing among multiple locations.

"This year's Tech100 winners blew past innovation, moving beyond innovation to transformation," HousingWire Associate Magazine Editor Kelsey Ramírez said. "In both the real estate and mortgage sectors, fintech companies continue to create new ways to approach the housing process, improving efficiencies, cutting costs and creating a new experience for all parties involved."

About HousingWire

HousingWire is the most influential source of news and information for the U.S. mortgage and housing markets. Built on a foundation of independent and original journalism, HousingWire reaches over 60,000 newsletter subscribers daily and over 7.5 million unique visitors each year. Our audience of mortgage, real estate, financial services and fintech professionals rely on us to Move Markets Forward. Visit www.housingwire.com or www.solutions.housingwire.com to learn more.

About ARMCO

Over half of the top 25 mortgage lenders and 33% of the top 150 lenders and servicers combined choose ARMCO. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology™, has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing. ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit www.armco.us or call 1-800-858-1598.

CES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced today it has been named to the 2020 HW Tech100™ Mortgage list published by mortgage industry trade magazine HousingWire.

Related link: https://www.armco.us/

ARMCO Enhances ACES IQ with Addition of HMDA Questionnaires

DENVER, Colo. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced today it has added questionnaires related to the Home Mortgage Disclosure Act (HMDA) to the ACES Intelligent Questionnaire (ACES IQ) functionality contained within the ACES Audit Technology™ system. With this set of HMDA-specific questions, ACES users can quickly and easily conduct quality control on their HMDA data before reporting this data to their assigned federal HMDA regulator.

"With the CFPB's 2019 HMDA rule changes now firmly in effect, lending institutions have a better idea of where their individual responsibilities reside in regards to HMDA reporting," ARMCO CEO Trevor Gauthier said. "Given this recent move from yearly to quarterly reporting, ARMCO felt the time was right to introduce HMDA-specific questionnaires to enable our customers to streamline and perfect their data integrity auditing for HMDA."

These additions are the latest in a series of expansions to the ACES IQ content library designed to enhance the compliance support ARMCO provides to its users. Using both managed and custom quality control audit questions, ACES IQ assists lenders in addressing regulations and guidelines set forth by state and federal regulators, private investors, the GSEs and agencies. The module leverages the loan-level data contained within ACES to quickly isolate desired question sets and answer-based logic to dynamically filter question sets down to the most relevant items, enabling ACES users to cut their review times by up to 50%.

Last year, the company added more than 4,000 questions to ACES IQ to ensure broad-based coverage of all lending compliance topics, including HMDA, and ease the burden for compliance teams in conducting loan-level reviews.

"Quality control and compliance go hand in hand - you cannot have one without the other," Gauthier said. "ARMCO has recognized this need from day one and invested considerable resources in proactively building out a compliance library backed by a highly experienced team of compliance experts to ensure the information ARMCO provides to its customers is always up-to-date and comprehensive."

About ARMCO
Over half of the top 25 mortgage lenders and 33% of the top 150 lenders and servicers combined choose ARMCO. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology™, has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, announced today it has added questionnaires related to the Home Mortgage Disclosure Act (HMDA) to the ACES Intelligent Questionnaire (ACES IQ) functionality contained within the ACES Audit Technology™ system.

Related link: https://www.armco.us/

ARMCO Reports Strong 2019, Eyes Further Growth and Expansion in 2020

DENVER, Colo. /ScoopCloud/ -- After a remarkable 2019, ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, is looking ahead to 2020 for what promises to be an outstanding year. In addition to adding several lenders to its growing roster of clients - including Bay Equity Loans, KWIK Mortgage, The KLR Group and multiple top-25 mortgage companies - ARMCO also achieved a company record in 2019 of one million audits conducted in a single year in its flagship audit platform ACES Audit Technology(TM).

ARMCO also launched several product enhancements in 2019, including a parallel workflow capability that saves time and reduces turn times while maintaining the quality of staff output to the ACES Audit Technology platform. Other noteworthy enhancements include an auto-answer feature that automatically answers audit questions based on available loan data, as well as an enhanced single sign-on that can reduce on-boarding time by more than 50 percent. Encouraged by these accomplishments, the company plans to expand its footprint in 2020 to support risk management, compliance and quality control for financial institutions with multiple loan products and lines, including consumer lending.

"One of the biggest strengths of ACES Audit Technology is its ability to function as an enterprise solution - providing organizations with one platform and removing the need for disparate software solutions and manual processes," ARMCO CEO Trevor Gauthier said. "In 2020, ARMCO seeks to share its technology with new markets, as ACES Audit Technology has proven it is not just a tool that can be used for mortgage quality control, but for any loan quality initiative in a financial institution."

2019 marked the beginning of ARMCO's relationship with New Capital Partners. The private-equity firm partnered with and invested in ARMCO, strengthening ARMCO's position in the industry and enhancing continued growth and innovation. ARMCO also bolstered its ranks with several key hires and promotions in 2019 and early 2020, including Gauthier's appointment as CEO in October 2019. Kyle Kehoe was hired as executive vice president of sales and Cassie Vosburgh joined as executive vice president of finance. Additionally, Sharon Reichhardt was promoted to executive vice president of operations. There have also been a number of additional hires within operations, product and engineering to round out the team and industrialize the platform and organization.

Throughout 2019, ARMCO and its employees were recognized for multiple industry awards. ARMCO was recognized as an innovative technology company and earned its fifth consecutive HousingWire Tech 100 award. For the third year running, ARMCO was named to National Mortgage Professional's Top 100 Mortgage Employers list, and individually, Reichhardt was named one of HousingWire's inaugural Tech Trendsetters.

"In addition to our award-winning technology, our staff is one of the biggest assets ARMCO possesses," Gauthier added. "Whether they are on the front lines helping to improve loan quality or behind the scenes keeping the operational wheels turning, our team of highly capable, caring employees are all dedicated to supporting our clients' success, and the key hires and promotions made in 2019 and early this year will help ARMCO continue to fulfill on that commitment."

After introducing an initiative during the 2018 holiday season, ARMCO also launched ARMCO CARES in 2019, a company-matching gift program. Available to both part-time and full-time employees, ARMCO CARES offers a dollar-for-dollar match of employee donations to a registered 501(c)(3) charitable organization of the employee's choice.

"Giving back is one of ARMCO's key values. Our employees have always been the fuel behind ARMCO's success, and we are grateful to be able to use our success to support those causes that are near and dear to our employees' hearts," Gauthier said. "To date, ARMCO has contributed thousands of dollars to 25 charities through ARMCO CARES, and we look forward to continuing these efforts in 2020."

About ARMCO

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

S2P-STORYID:056292

After a remarkable 2019, ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, is looking ahead to 2020 for what promises to be an outstanding year. In addition to adding several lenders to its growing roster of clients ARMCO also achieved a company record in 2019 of one million audits conducted in a single year in its flagship audit platform ACES Audit Technology.

Related link: https://www.armco.us/

Latest ARMCO QC Trends Report Draws Correlation Between Lenders’ Profitability and Adaptability to Market

DENVER, Colo. /ScoopCloud/ -- 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 second quarter (Q2) 2019 and provides loan quality findings for mortgages reviewed by ACES Audit Technology™.

In Q2 2019, the overall critical defect rate declined for two consecutive quarters for the first time since Q3 2016, falling 5.5% to 1.72%. The industry's two-quarter decline in critical defects coincides with two consecutive quarters of strong but steady loan volume and a three-year high in lender profitability, according to the most recent Quarterly Performance Report issued by the Mortgage Bankers Association (MBA). In October 2019, the MBA Economic Forecast predicted 2019 origination volume to reach $2.06 trillion, its highest level since 2007.

The report's noteworthy findings include:
* Loan quality trends are positive: the overall critical defect rate in Q2 2019 fell 5.5% from the preceding quarter, with a 9.0% decline from the 2018 peak rate of 1.93% (Q4 2018)
* In Q2 2019, defects in Income/Employment and Credit, both core underwriting functions, declined 32.0% and 22.0% respectively, from the preceding quarter
* Interest rates in Q2 2019 were roughly a full point lower than Q2 2018 (3.3% vs 4.2%), which fueled a high refi-to-purchase ratio
* In Q2 2019, refinances comprised a higher percentage of all loans reviewed when compared to previous quarters, and were a driver in the quarter's lower critical defect rates
* In Q2 2019, critical defects on FHA loans underperformed conventional loans by a greater percentage than previous quarters

According to Nick Volpe, chief strategy officer at ARMCO, volume fluctuations like those seen in the quarters prior to Q1 2019 and Q2 2019 cause challenges for lenders, which often respond to sudden spikes and dips by adjusting their labor forces through layoffs, downsizing, re-allocating staff and hiring.

"These changes upset the status quo and usually result in more defects, because staff instability increases errors and oversights," he said. "When lenders adapt, usually when the market steadies, defects decrease. It is therefore safe to say that when lenders use technology that improves their scalability, they increase profitability faster than those who rely on manual processes."

"The positive benefits of technology like ACES go way beyond the immediate boost to speed and accuracy," said Phil McCall, president of ARMCO. "As the data reveals, they have a real impact on the speed to which lenders can return to heightened profitability. It's extremely satisfying to know that we're enabling our customers to not just reduce costs, but also to proactively increase profits."

ARMCO's Mortgage QC Industry Trends Reports are based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO
Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology™, has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing. ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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 second quarter (Q2) 2019 and provides loan quality findings for mortgages reviewed by ACES Audit Technology.

Related link: https://www.armco.us/

ARMCO Reduces QC Turn Times with ACES’ New Parallel Workflow Capability

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced several product enhancements to its auditing platform, ACES Audit Technology(TM). This upgrade introduces a new parallel workflow capability that saves time and reduces turn times while maintaining the quality of staff output. The ultimate result of this feature is faster loan delivery.

ACES' new parallel workflow increases efficiency by enabling multiple analysts to concurrently evaluate different parts of the same loan. It also automates task prioritization to assure the fastest cycle times for each loan.

"Most lenders at least attempt some level of parallel activity in their QC [quality control] workflow," said Trevor Gauthier, ARMCO's new CEO. "Our decision to enable parallel workflow was in direct response to market demand. It replaces workarounds that rely on email and spreadsheets with a fully auditable process in a 100 percent secure environment."

Other noteworthy enhancements include ACES' new auto-answer feature that uses business rules to automatically answer audit questions based on available loan data, and enhanced single sign-on that can reduce on-boarding time by 50 percent or more.

ACES' newest upgrade was introduced at the ACES Power User Summit that took place on Nov. 10-12, 2019 in Fort Lauderdale, Fla.

"ARMCO's user summits are a very important source of information for our clients and our organization," said Gauthier. "We have the opportunity to learn from one another, which enables us to create lasting solutions for our clients' most pressing needs. Client collaboration is at the heart of everything we do at ARMCO. When our clients are successful, we are successful."

About ARMCO - ACES Risk Management

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced several product enhancements to its auditing platform, ACES Audit Technology. This upgrade introduces a new parallel workflow capability that saves time and reduces turn times while maintaining the quality of staff output. The ultimate result of this feature is faster loan delivery.

Related link: https://www.armco.us/

ARMCO Completes Fast Track 45-Day Implementation Delivering on Bay Equity’s QC Update Deadline

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has implemented ACES Audit Technology(TM) for Bay Equity Home Loans, well within the lender's 45-day deadline for launching its new quality control (QC) operations.

"It was a tall order to get everything up and running, configured, and have everyone trained within 45 days," said Cyndi Clouse, AVP of Quality Control for Bay Equity. "ARMCO's team was with us literally every step of the way. It's a 180-degree difference from implementations where you can feel abandoned once you sign the contract."

Bay Equity Home Loans is a full-service retail mortgage lending institution founded in June 2007. When senior management decided to update the company's QC processes, department executives seized the opportunity to find a technology that would improve its QC workflow.

Since implementing ACES, the company not only successfully launched its updated quality control initiatives, but also gained tangible efficiencies in its QC processes:
* Replaced email and spreadsheets as a means for sharing information, with a secure, real-time online platform that connects multiple QC locations
* Reduced turn times for month-end reports from several days to roughly one hour
* Accelerated configuration times from as much as five days, to just a few minutes.

Bay Equity was looking for an enterprise QC platform that was highly configurable to meet its unique business needs.

"We love that ACES' configurability gives such versatility in the ways we can use the technology," said Clouse. "We're looking forward to expanding use into our servicing QC audits and possibly within other Bay Equity departments.

"Proactive companies like Bay Equity always appreciate the superior implementation experience our client success team delivers," said Phil McCall, president of ARMCO. "We're thrilled to welcome Bay Equity to the ARMCO client family and we're looking forward to delivering an ongoing exceptional client experience."

For more details on how ARMCO helped Bay Equity reach their qc goals and meet deadlines, read the client case study (PDF): http://www2.armco.us/l/47622/2019-09-24/7sbw3z/47622/198741/ARMCO_Bay_Equity_Case_Study_8.5x11_final_V2.pdf

ABOUT ARMCO:

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has implemented ACES Audit Technology(TM) for Bay Equity Home Loans, well within the lender's 45-day deadline for launching its new quality control (QC) operations.

Related link: https://www.armco.us/

ARMCO’s Sharon Reichhardt Wins HW Tech Trendsetters Award

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, today announced that Sharon Reichhardt, the company's vice president of client success, has been named a winner of HousingWire's inaugural Tech Trendsetters award.

The HW Tech Trendsetters 2019 recognizes the 50 most impactful and innovative technology leaders serving the housing economy. Similar to the HousingWire Tech100 award, which honors the 100 most innovative companies in mortgage and real estate tech, Tech Trendsetters recognize the people that drive innovation for their mortgage and real estate clients. The HW Tech Trendsetters award is selected based on a candidate's professional success over the past 12 months.

Reichhardt's contributions to ARMCO's growth and high client satisfaction are many. She created the company's client-focused policies to extend far beyond the sale and into a unique hands-on partnership with each client to ensure success. Reichhardt also conceptualized the company's Fraud Case Manager, a first of its kind technology ARMCO launched in 2018, to help clients manage fraud investigations in one central, secure system.

"It's such an honor to be selected by an organization as respected as HousingWire, and to be listed among such accomplished professionals," said Reichhardt. "It's confirmation that the industry understands the importance of high-touch, high quality customer experience in moving technology forward. And that's exactly what we do here at ARMCO."

About ARMCO

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider for transaction risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, today announced that Sharon Reichhardt, the company's vice president of client success, has been named a winner of HousingWire's inaugural Tech Trendsetters award.

Related link: https://www.armco.us/

ARMCO Names Trevor Gauthier Chief Executive Officer

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, today announced that Trevor Gauthier has been appointed as CEO and board member of ARMCO. Avi Naider, who led ARMCO for the past 10 years as CEO, will transition to the board of directors.

Gauthier was identified by New Capital Partners (NCP), the private equity firm that acquired ARMCO in July 2019. He will lead the development and execution of ARMCO's short, mid, and long-term vision, which will focus on customer satisfaction, expansion, and employee growth.

Gauthier brings 20 years of executive experience in enterprise SaaS technology solutions, and has a proven track record of leading companies to achieve exponential growth both organically and through acquisition. Most recently, he was president and chief operating officer at loan origination and enterprise mortgage technology provider Mortgage Cadence, an Accenture company. During his 14-year tenure with the company, which covered a period of time that included the financial crisis and the increased compliance and regulatory pressures that followed, Mortgage Cadence grew from a near start up to one of the top providers in its segment, and achieved significant expansion in its number of employees, revenue, profitably and sales volume.

"I've admired the vision New Capital Partners brings to the fintech space and all of the organizations that are part of its portfolio and I'm excited about the opportunities created by ARMCO's strength and momentum," said Gauthier. "I applaud Avi for all he has accomplished for the company. I'm looking forward to collaborating with our customers and working with the ARMCO team to increase customer satisfaction and expand our risk management and loan quality footprint in the marketplace."

"Trevor has a proven track record leading fintech companies that provide high quality enterprise solutions," said Naider. "He's a great choice to guide the company into its next phase of growth, and we're looking forward to the advances ARMCO will make under his direction."

About ARMCO

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider for transaction risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

About New Capital Partners

New Capital Partners (NCP) is a private equity firm comprised of former operators headquartered in Birmingham, Ala. NCP makes investments in niche technology and services companies in the healthcare, financial and business services industries. Leveraging its extensive operational experience, the NCP team helps create significant value in portfolio companies by cultivating true partnerships with management teams and focusing on one core goal: Building Great Companies. For more information, please visit http://www.newcapitalpartners.com/.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, today announced that Trevor Gauthier has been appointed as CEO and board member of ARMCO. Avi Naider, who led ARMCO for the past 10 years as CEO, will transition to the board of directors.

Related link: https://www.armco.us/

ARMCO QC Trends Report: Loan Quality Corrects with Market’s Upturn

POMPANO BEACH, Fla. /ScoopCloud/ -- 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 Technology(TM).

"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."

The report's noteworthy findings include:
* The critical defect rate fell 6%, from 1.93% in Q4 2018 to 1.82% in Q1 2019
* Defects related to core underwriting and eligibility functions continued to increase, with more defects attributed to Income/Employment than any other category
* Critical defects attributed to missing, expired and/or incorrect documentation continued to be volatile (24% in Q3 2018, 16% in Q4 2018, and 24% in Q1 2019) and noted a substantial increase from the prior quarter
* Compliance-related critical defects fell to their lowest level since Q1 2016, likely the result of greater lender investment in compliance technologies
* Defects related to Property and Appraisal increased noticeably from the previous quarter but remained low overall
* Government-insured loans accounted for a slightly higher share of all loans in the benchmark with FHA, VA and USDA loans comprising 41% of all loans reviewed

The Q1 2019 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

"Refi-dominant markets can have a positive impact on defect rates," said Phil McCall, president of ARMCO. "But when volume goes up, individual workloads increase, turn times extend and mistakes tend to increase. Lenders who leverage technology wisely scale much better and expose themselves to fewer losses as a result."

ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO
Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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 Technology(TM).

Related link: https://www.armco.us/

ARMCO Expands Client Base by Adding KWIK Mortgage, The KLR Group and Several Top 25 Mortgage Lenders

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has achieved significant growth during the first two quarters of 2019, the result of acquiring new clients, including KWIK Mortgage, The KLR Group and several top 25 mortgage lenders.

"We needed a faster, more efficient quality control platform to keep up with the digital POS and LOS solutions we've implemented in recent years," said Paul Campbell, EVP Retail Lending at KWIK Mortgage. "ACES enable us to transact loans faster, while assuring us higher quality and compliance."

"The purchase market may be contracting, but lenders' regulatory concerns are growing," said Phil McCall, president of ARMCO. "Smart organizations, like KWIK and The KLR Group, are proactive about minimizing risk exposure and keeping pace with today's faster digital mortgage processing and realize that QC technology is key to both."

"When it comes to post-close quality control, the primary concerns are compliance in both loan underwriting/investor requirements as well as the GSE review requirements," said Ed Hunter, President and Founder of The KLR Group. "The KLR Group must deliver in both these worlds for clients with different goals, objectives and processes. ACES gives us the platform to consistently hit turn-times, configure services to meet individual client needs and deliver unequalled quality in a very price competitive environment."

ARMCO's technologies are known to expedite the QC process and enable scalability. Its flagship product ACES Audit Technology(TM) is a fully configurable, enterprise-wide audit platform that uses multi-answer questionnaires to cut review times by up to 50%. ACES Automated Document Manager identifies missing documents within loan file as well as bookmarks and indexes for ease of review.

"Our growth not only benefits ARMCO, but also our new clients, who can be confident in the compliance and quality of loans they're transacting," said McCall. "All this adds up to a big win for the industry."

ABOUT ARMCO

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing. ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has achieved significant growth during the first two quarters of 2019, the result of acquiring new clients, including KWIK Mortgage, The KLR Group and several top 25 mortgage lenders.

Related link: https://www.armco.us/

New Capital Partners Invests in ARMCO

BIRMINGHAM, Ala. /ScoopCloud/ -- New Capital Partners (NCP), a private equity firm in Birmingham, Ala., today announces that it has partnered with Pompano Beach, Fla.-based ACES Risk Management Corp. (ARMCO), the leader in web-based quality assurance software for the financial services industry.

ARMCO provides a wide range of mortgage quality control (QC), compliance and transaction risk management technologies. Their product line includes loan quality enterprise software, services, data and analytics, and their flagship product, ACES Audit Technology(tm), is used at virtually every point in the mortgage life cycle, setting the industry standard for user definability.

Adam Cranford, Managing Director of New Capital Partners, said, "We are excited to partner with the outstanding team at ARMCO. The team has done a tremendous job building a market-leading product suite and providing best-in-class service and support to their customers. Broad use of ACES by top banks, lenders and servicers in the country attests to the strength of the product and the ARMCO professional team. We are looking forward to working with the team to drive continued growth and innovation."

Avi Naider, CEO of ARMCO, said, "We are excited to begin our relationship with New Capital Partners. Their operational experience and track record of creating value with growth-stage companies was a perfect fit for ARMCO's current growth phase. The team members at NCP are thought leaders and industry experts in banking technology, and we look forward to continuing to build a great company through this partnership."

Berkery Noyes served as exclusive financial advisor to ARMCO.

About New Capital Partners:

New Capital Partners (NCP) is a private equity firm comprised of former operators headquartered in Birmingham, Ala. NCP makes investments in niche, tech-enabled services companies in the healthcare, financial and business services industries. Leveraging its extensive operational experience, NCP helps create significant value in portfolio companies by cultivating true partnerships with management teams and focusing on one core goal: Building Great Companies. For more information, please visit https://newcapitalpartners.com/.

About ARMCO:

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider for transaction risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

New Capital Partners (NCP), a private equity firm in Birmingham, Ala., today announces that it has partnered with Pompano Beach, Fla.-based ACES Risk Management Corp. (ARMCO), the leader in web-based quality assurance software for the financial services industry.

Related link: https://www.armco.us/

ARMCO QC Trends Report: Defects Related to Loan Package Documentation Doubled from 2017 to 2018

POMPANO BEACH, Fla. /ScoopCloud/ -- 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 both the fourth quarter (Q4) and the calendar year (CY) 2018, and provides loan quality findings for mortgages reviewed by ACES Audit Technology(TM).

"Critical defects in 2018 reflect the market's rising interest rates and continued escalation of property values," said Nick Volpe, chief strategy officer for ARMCO. "Fewer highly qualified borrowers transact mortgages when rates increase, which fills the market with more marginal borrowers who tend to require more documentation. It makes sense that defects related to loan package documentation more than doubled from 2017 to 2018."

The report's noteworthy findings include:
* In Q4 2018, the critical defect rate increased just over 2%, reaching 1.93% from the previous quarters rate of 1.89%
* In CY 2018, the critical defect rate increased almost 8% over the previous year, jumping from 1.68% in CY 2017 to 1.81% in CY 2018
* Defects related to Income and Employment are on the rise:
o In Q4 2018, Income and Employment related defects increased 63% over Q3 2018
o In Q4 2018, Income and Employment related defects comprised a greater percentage of total defects for both CY 2018 and CY 2017
* Defects attributed to Loan Package Documentation more than doubled between CY 2017 and CY 2018.
* In Q4 2018, defects attributed to categories related to Underwriting / Eligibility continued to dominate overall quality issues, comprising over 65% of all critical defects.
* In Q4 2018, the top three categories that increased over Q3 2018 were all key qualification categories: Income and Employment, representing 20.39% of all critical defects in the benchmark. This category was followed by Credit at 18.45% and Loan Package Documentation at 15.53%.
* In CY 2018, FHA loans accounted for roughly 31% of the loans reviewed but represented approximately 41% of loans containing critical defects.

The Q4/CY 2018 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

"As the market fluctuates, so do the distribution and frequency of defects, and if lenders aren't prepared, that can end up costing them a lot in price adjustments, fees, investor delays and even buybacks," said Phil McCall, president of ARMCO. "Analytical QC technologies enable lenders to catch the defects and proactively prevent them so they can protect their profits. In shifting markets, where defects are like moving targets, that's more important than ever."

ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO:
Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing. ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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 both the fourth quarter (Q4) and the calendar year (CY) 2018, and provides loan quality findings for mortgages reviewed by ACES Audit Technology.

Related link: https://www.armco.us/

ARMCO Expands Business Development Team – Industry veteran Mike Ehring to expand client base across several verticals

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has hired industry veteran Mike Ehring as senior director of business development.

Ehring brings over 20 years of experience as a senior executive in sales and business development for mortgage fintech companies that include Dorado, CoreLogic and most recently at LoanLogics. As ARMCO's senior director of business development, Ehring will focus on growing revenue through new client acquisition. His focus will include several verticals, including mortgage lenders, banks, credit unions, and FinTech companies.

"I'm excited about the opportunities that come from working for the leader in mortgage quality control technology," said Ehring. "I've had my eye on ARMCO because of their advancements in the RegTech space and the infrastructure they have behind customer care. It's great to work with a company that excels in every category, from its products to its people."

"Mike has a great track record working with the largest lenders in the U.S. market," said Kyle Kehoe, chief revenue officer for ARMCO. "When you combine his expertise and passion for helping financial institutions, with ARMCO's category best solutions and consultative approach to client management, you have a recipe for great success. We're happy to welcome him to the team."

About ARMCO:

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has hired industry veteran Mike Ehring as senior director of business development.

Related link: https://www.armco.us/

ARMCO Bolsters C-Suite by Hiring Kyle Kehoe as Chief Revenue Officer

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has hired Kyle Kehoe as chief revenue officer.

Kyle's focus will be accelerating ARMCO's organic revenue growth, from its strong base in the mortgage vertical into adjacent markets in financial services, both commercial and consumer. He will also help guide the development and commercialization of ARMCO's next generation of products and services, and ensure the company continues to deliver best-in-class customer experiences.

Across his 20-year career as an executive and revenue leader with CRIF Lending Solutions/MeridianLink, Yodlee and Equifax, Kyle has built and led exceptional enterprise sales, product and marketing teams.

"We are proud to announce Kyle as ARMCO's chief revenue officer, and thrilled to have him on our executive team," said Avi Naider, ARMCO's CEO. "His strategic vision, industry leadership, commercial acumen and personal integrity are the qualities we seek in our executive team."

"As provider of the most advanced quality control and compliance technology, ARMCO is in prime position for expansion," said Kyle Kehoe, CRO. "I look forward to helping lenders, servicers, banks and other financial institutions achieve the increased revenue, reduced risk, and enhanced client experiences that come from choosing ARMCO as a technology partner."

"I believe we drafted a high-impact player in Kyle, one who has delivered results across two decades and through some tough industry cycles," said Phil McCall, ARMCO's president.

ABOUT ARMCO:

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing. ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation solutions, has announced that it has hired Kyle Kehoe as chief revenue officer. Kyle's focus will be accelerating ARMCO's organic revenue growth.

Related link: https://www.armco.us/

ARMCO Wins HousingWire HW Tech100 Award for Fifth Consecutive Year

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial risk mitigation and compliance solutions, announced that it has won HousingWire's sixth annual HW Tech100(tm) award, which recognizes the 100 most innovative technology companies in the U.S. housing economy. This is the fifth consecutive year that ARMCO has achieved this prestigious designation.

"At ARMCO, being a leader in mortgage technology means more than providing the best software, for us it also includes providing quality intel at no additional cost," said Phil McCall. "We're happy that HousingWire recognizes the quality of our contributions, both for our paid solutions as well as the ones we deliver to the industry at zero cost."

A recognized leader in its segment, ARMCO provides a wide range of mortgage quality control (QC), compliance and risk management technologies, and several zero-cost tools, which include (1) the Quarterly Mortgage QC Trends Report, which reports findings of all loans analyzed by ACES Audit Technology for a given quarter, (2) the Compliance NewsHub, an up-to-date reference library of all credit and compliance news.

Over half the country's top 20 mortgage lenders, and one third of the top 150 servicers and lenders, use ARMCO's technologies as the foundation of their risk management programs. The company's flagship product, ACES Audit Technology, has been documented to increase productivity 40 to 60 percent in the prefunding QC process, 75 to 100 percent in the post-closing QC process, and 50 to 75 percent in the servicing QC process.

"These companies hold the most innovative and impactful technology in mortgage finance, and continue to move markets forward with their new innovations," HousingWire Associate Editor Kelsey Ramírez said. "The future is bright for the mortgage industry, and it's because these companies continue to push the edge of what is possible."

"This year's Tech100 list is stronger than ever! We leveraged a highly-qualified selection committee to review all nominations and guide the selection process. This extra layer of expertise and practical exposure to selected companies was influential in helping HousingWire recognize the 100 fintech companies that deserve the honor of being named the greatest players in the game," said HousingWire Editor-in-Chief Jacob Gaffney. "We couldn't be more proud of the innovators and entrepreneurs behind these organizations and we hope you'll join us in celebrating their inclusion on the most prestigious list of its kind - the HW Tech100."

About ARMCO
Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing. ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of financial risk mitigation and compliance solutions, announced that it has won HousingWire's sixth annual HW Tech100(tm) award, which recognizes the 100 most innovative technology companies in the U.S. housing economy. This is the fifth consecutive year that ARMCO has achieved this prestigious designation.

Related link: https://www.armco.us/

ARMCO Q3 2018 QC Trends Report: Defect Trends Reflect Lower Volume, Hyper-Competitive Market

POMPANO BEACH, Fla. /ScoopCloud/ -- 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 the third quarter (Q3) of 2018, and provides loan quality findings for mortgages reviewed by ACES Audit Technology(TM).

"You can tell a lot about a market from the percentage and distribution of critical defects," said Phil McCall, president and COO of ARMCO. "In Q3 2018, defect activity indicates that lenders are still dealing with the quality issues that result from downsizing. We also see how lower volume markets can impact the quality of their loans."

The report's noteworthy findings include:
* In Q3 2018, the critical defect rate reached 1.89%, its second highest level since the TRID rule went into effect in October 2015, increasing roughly 11% from the previous quarter's rate of 1.71%.
* In Q3 2018, critical defects attributed to Loan Package Documentation spiked nearly 23% over the previous quarter, making Q3 2018 the fourth consecutive quarter to see a significant increase in this category.
* In Q3 2018, the number of defects attributed to the Income/Employment category dropped almost in half, from 22.73% in the previous quarter to 12.50%.
* In Q3 2018, FHA loans accounted for a disproportionate number of critical defects, comprising 28.20% of originated loans in the benchmark, but accounting for 49.55% of loans with critical defects.

"Downsizing can leave lenders with a less qualified workforce, which in turn leads to more errors, particularly with complex transactions and usually with loan documentation," said McCall.

The Q3 2018 Trends Report revealed that the categories of Credit and Liabilities each increased moderately, and the percentage of Property Appraisal-related defects reached its highest point of the year. "This aligns with lower overall production and compressed margins, two key components of a hyper-competitive market," explained McCall. "In an effort to win market share, investors often become more aggressive by expanding eligibility guidelines, while originators try to make up for declining volume by submitting loans of lower than usual quality."

The Q3 2018 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

"Analytics in quality control is vital in contracting markets," said McCall. "Lenders that don't use analytical technology will see more defects typical in lower volume, hyper-competitive markets, as well as the delays, fees, fines and even buybacks that can come with them."

ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports.

About ARMCO:
Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(TM), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. For more information, visit https://www.armco.us/ or call 1-800-858-1598.

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 the third quarter (Q3) of 2018, and provides loan quality findings for mortgages reviewed by ACES Audit Technology(TM).

Related link: https://www.armco.us/

ARMCO Named a ‘Top 100 Mortgage Employer’ by National Mortgage Professional Magazine for Third Consecutive Year

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced that it was named among National Mortgage Professional (NMP) magazine's annual Top 100 Mortgage Employers list for 2019. This is the third consecutive year the company has been recognized with this distinction.

"ARMCO is about people, not just products," said Phil McCall, President of ARMCO. "Our people are knowledgeable and experienced, but above all else, they're passionate about helping others. We attract high quality employees because we are dedicated to treating our people well."

NMP selects companies for this award based on reader polls rating their employers in the following areas: compensation, speed, marketing support, technology, corporate culture, long-term strategy, day-to-day management, internal communications, training resources, industry participation and innovation. NMP weighs each factor differently, based on what is deemed to be more important to their readers. NMP also factors in industry reputation to create a list of the Top Mortgage Employers.

NMP is one of the mortgage industry's leading go-to sources for extensive news coverage for mortgages, origination, compliance, secondary marketing, servicing, settlement, technology, trending, and more.

About ARMCO:

Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing. ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced that it was named among National Mortgage Professional (NMP) magazine's annual Top 100 Mortgage Employers list for 2019. This is the third consecutive year the company has been recognized with this distinction.

Related link: http://www.armco.us/

ARMCO Launches ARMCO CARES Employee Donation Matching Program

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced the launch of ARMCO CARES, the company's employee matching gift program.

Introduced during the holiday season of 2018, ARMCO CARES offers a dollar for dollar match of employee donations to a U.S. registered 501(c)(3) charitable organization of the employee's choice. It is available to both part time and full time ARMCO employees. ARMCO plans to expand ARMCO CARES in 2019 to include employee wellness and community involvement programs.

For its inaugural effort, ARMCO CARES provided financial support to 27 different charitable organizations with causes that include health, human rights, animal welfare, human services, veterans, inclusion, youth services, and more.

"This program is great because it extends employees' reach for the causes that they're passionate about," said Avi Naider, CEO of ARMCO. "ARMCO's success is based on our commitment to bettering the lives of others, and ARMCO CARES is a natural extension of that. In just a couple of months, ARMCO CARES has grown our family-friendly company culture of giving, which ultimately benefits both our employees and our customers."

About ARMCO:
Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk management solutions, announced the launch of ARMCO CARES, the company's employee matching gift program.

Related link: http://www.armco.us/

ARMCO QC Trends Report: Defect Trends Indicate Continued Lender Downsizing

POMPANO BEACH, Fla. /ScoopCloud/ -- 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 provides loan quality findings for mortgages reviewed by ACES Audit Technology(tm) during the second quarter (Q2) of 2018.

The report's noteworthy findings for Q2 2018 include:
* Continuation of several defect trends:
o A significant quarter-over-quarter increase (23.8% over Q1 2018) in defects related to Loan Package Documentation, which are often associated with downsizing and understaffing, a trend that began in the previous quarter, Q1 2018
o The majority of defects were attributed to the Income/Employment category, a trend that began in the previous quarter, Q1 2018
o Core underwriting and eligibility issues were the most frequent cause of critical defects, a trend that has continued since the Q1 2017
* The critical defect rate decreased slightly, from 1.72% in Q1 2018 to 1.71%.
* Defects attributed to Borrower and Mortgage Eligibility increased by roughly 70%, from 6.57% in Q1 2018 to 11.36%

"In Q2 2018, we saw continued increases in defects typically resulting from downsizing and understaffing," said Phil McCall, president and COO of ARMCO. "This seems to indicate that many lenders are still responding to the reduction in business and compressed margins with personnel changes, even in a purchase-dominated market."

Although defects associated with loan package documentation do not usually result in non-saleable loans, they can still have a detrimental impact on profitability. They often result in investors and insurers suspending loan purchases, which can reduce warehouse line capacity and result in price adjustments.

"The market's current fluctuation demonstrates the financial reasons lenders need QC technologies that are dynamic and adaptable enough to respond quickly when the market shifts," said McCall. "Sacrificing quality is a costly but unnecessary consequence of revenue reductions. In reality, no lender needs to accept less than the highest quality, regardless of contracting volumes or margins."

The Q2 2018 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy. Each ARMCO Mortgage QC Industry Trends report includes easy-to-read charts and graphs, a summary that outlines ARMCO's overall findings, a breakdown of defect rates for each Fannie Mae loan defect category, and a short conclusion. ARMCO issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

ARMCO Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.armco.us/learn/reports/.

About ARMCO
Over half of the top 20 mortgage lenders in the U.S. choose ARMCO as their provider of risk management software. ARMCO's product line includes loan quality enterprise software, services, data and analytics. Its flagship product, ACES Audit Technology(tm), has set the bar for user definability in its category. It is used at virtually every point in the mortgage lifecycle, as well as for a wide range of risk-prone business operations outside traditional mortgage origination and servicing.

ARMCO's consultative approach to customer relationships leverages 25 years of mortgage risk intel, assuring that its clients are using the most effective risk mitigation strategies, and are using the fastest, most reliable, most efficient means for preventing risk-related loss. ARMCO distributes the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality.

For more information, visit https://www.armco.us/ or call 1-800-858-1598.

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 provides loan quality findings for mortgages reviewed by ACES Audit Technology(tm) during the second quarter (Q2) of 2018.

Related link: http://www.armco.us/

ARMCO Reduces Lender Data Validation Times by 50 Percent with DataSure

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders' data validation task times by 50 percent or more.

"Most loans contain at least one data discrepancy that can negatively impact lenders' revenue through buybacks, delays, loss of investor confidence, and longer warehouse dwell times," said Phil McCall, president of ARMCO. "If lenders don't use a robust data validation technology, they can expect discrepancies that cost them tens or even hundreds of thousands of dollars in unnecessary expenses."

In a matter of moments, DataSure validates loan data for thousands of key data points within a lender's source system (i.e. loan origination system) by cross referencing those data points against data contained in loan documents. It then automatically communicates all corrected data fields back to the lender's source system. This assures data consistency and accuracy at each step of the loan process. DataSure also provides robust reporting capabilities, so lenders can identify the root causes of their data discrepancies and adjust their practices going forward.

Most lenders assign the task of data validation to their underwriting teams, who fulfill the process using the manual "stare-and-compare" method-a tedious, time consuming and error-prone process and one of the primary drivers behind the large number of discrepancies. In addition to increasing the risk of errors and inaccuracies, this method allocates underwriters-one of lenders' highest paid and most skilled human resources-to an activity that can be accomplished much faster, more accurately and more economically with technology.

"The best way to protect current profits and future longevity is to be proactive about loan quality," said McCall. "DataSure is one more ARMCO tool that the mortgage community can use to drive the health and growth of their businesses."

About ARMCO:

ARMCO - ACES Risk Management has served the finance industry with risk management software for over 25 years and is the recognized authority on mortgage risk. Today, in addition to an array of loan quality enterprise software, services, data and analytics, the company also provides the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. ARMCO provides its clients with insights based on decades of risk analysis intel, so they always have the fastest, most reliable, most efficient means for preventing risk-related loss, and creating effective risk strategies going forward.

The company's flagship product, ACES Audit Technology(TM), can be used at any point in the mortgage lifecycle, and is so user-definable, its capabilities extend outside of origination and servicing, into a wide range of risk-prone audit-able business operations.

For more information, visit http://www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of DataSure(TM), a quality control technology that increases data validation accuracy and efficiency, and reduces lenders' data validation task times by 50 percent or more.

Related link: http://www.armco.us/

ARMCO Launches Fraud Case Manager, an Industry-First Technology

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of Fraud Case Manager, the industry's first technology for managing and analyzing fraud investigations.

"Fraud cases are full of confidential details and valuable data, and most lenders aren't using this data to their advantage," said Phil McCall, president of ARMCO. "Now lenders can use Fraud Case Manager to protect sensitive information, analyze data for strategies going forward, and increase efficiency and accuracy."

Mortgage lenders, like all financial institutions, are required by law to monitor and report suspicious activities. Most lenders have numerous fraud investigations open at any given time. To manage them, they use spreadsheets or disparate technologies, both of which are prone to security breaches and errors.

Fraud Case Manager(TM) provides lenders with a secure, fully configurable web-based alternative where they can manage all fraud investigations in one central location, and avoid the risks and delays associated with traditional fraud case management methods. For example, users can track any detail of any case in seconds rather than searching through numerous spreadsheets and technologies. They can limit usage to authorized parties rather than using open access documents like spreadsheets. Fraud Case Manager allows users to analyze data and create comprehensive reports that provide valuable insights for strategies going forward, rather than remaining unaware of trends and reacting to repeated issues as they arise.

"Fraud will never be eliminated-lenders' best defense is identifying trends as quickly as possible," said McCall. "Now they can uncover the issues that trigger investigations in moments, whether brought about by staff members, oversights or any other variable. That's the biggest step forward lenders can take in mitigating fraud risk."

About ARMCO:

ARMCO - ACES Risk Management has served the finance industry with risk management software for over 25 years and is the recognized authority on mortgage risk. Today, in addition to an array of loan quality enterprise software, services, data and analytics, the company also provides the ARMCO Mortgage QC Industry Trends Report, a free quarterly analysis of industry-wide mortgage loan quality. ARMCO provides its clients with insights based on decades of risk analysis intel, so they always have the fastest, most reliable, most efficient means for preventing risk-related loss, and creating effective risk strategies going forward.

The company's flagship product, ACES Audit Technology(TM), can be used at any point in the mortgage lifecycle, and is so user-definable, its capabilities extend outside of origination and servicing, into a wide range of risk-prone audit-able business operations. For more information, visit http://www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of technology for loan quality and compliance testing, data validation and analytics, announced the launch of Fraud Case Manager, the industry's first technology for managing and analyzing fraud investigations.

Related link: http://www.armco.us/

ARMCO Releases Fourth Quarter / Calendar Year 2017 Trends Report

POMPANO BEACH, Fla. /ScoopCloud/ -- 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 provides loan quality findings for mortgages reviewed by ACES Audit Technology(TM) during the fourth quarter (Q4) of 2017 as well as the 2017 calendar year (CY).

The report's noteworthy findings include:
* The Q4 2017 critical defect rate increased slightly, from 1.65% to 1.68%
* The percentage of purchase transactions declined for the second consecutive quarter
* The CY 2017 critical defect rate increased seven percent
* The distribution of critical defects shifted significantly from 2016 to 2017.

"In 2016, the categories containing the majority of critical defects reflected the industry's reaction to TRID, which had been implemented at the end of 2015," said Phil McCall, president of ARMCO. "In 2017, we see a shift away from those categories, toward the types of defects that align with the industry's move to a purchase-driven market."

In 2017, the majority of critical defects centered around issues associated with core underwriting and eligibility issues, which is reflective of the deeper complexity of purchase transactions, as compared to refinances.

The Q4/CY 2017 ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Analytics benchmarking software. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

Each ARMCO Mortgage QC Industry Trends Report includes easy-to-read charts and graphs, a summary that outlines ARMCO's overall findings, a breakdown of defect rates for each Fannie Mae loan defect category, and a short conclusion. ARMCO issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

"When you see how much the issues that impact quality can change quarter to quarter and year over year, it becomes apparent why lenders should use the most current data for strategies going forward," said McCall. "ARMCO provides the Mortgage QC Industry Trends Report for free because we want to arm all lenders with as many tools as possible to achieve quality in the most efficient way possible."

To obtain a copy of the report, please visit https://www.armco.us/knowledge/mortgage-qc-industry-report-2017-q4.

About ARMCO:
ARMCO - ACES Risk Management delivers web-based enterprise financial risk management solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

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 provides loan quality findings for mortgages reviewed by ACES Audit Technology(TM) during the fourth quarter (Q4) of 2017 as well as the 2017 calendar year (CY).

Related link: http://www.armco.us/

ARMCO Promotes Sharon Reichhardt to Vice President of Client Success

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise transaction and loan risk mitigation software solutions, has announced that former director of client services Sharon Reichhardt has been promoted to vice president of client success.

In this capacity, Ms. Reichhardt will manage ongoing adoption by customers of the full feature-set of the ACES Audit Technology(TM) platform, ARMCO's flagship product. She will oversee ARMCO's professional services division, which focuses on expanding usage and understanding of ARMCO's technology and data products by working closely with clients to configure the ACES platform for maximum efficiency and ROI.

Ms. Reichhardt brings over 25 years of mortgage industry experience to her post. Prior to joining ARMCO, she spent 20 years at EverBank, where she held various management level positions, primarily in quality control. During her tenure at EverBank, Ms. Reichhardt was the primary administrator of the ACES platform across several divisions at the bank.

"As a former client, Sharon knows firsthand the operational challenges that the industry faces and how ACES can be leveraged to save costs, introduce efficiency and transparency and reduce risk to financial institutions," said Avi Naider, ARMCO's chief executive officer. "With her vast experience implementing ACES across multiple divisions at a large bank and across multiple clients as a director at ARMCO, Sharon is the perfect fit for this important position at the company."

"I know firsthand how much time and effort it takes for companies to get the most out of a technology as powerful as ACES," said Reichhardt. "I'm excited to lead the company's customer success initiative and ensure that more and more ARMCO clients have access to experts who truly understand the intricacies of both their business and the technology. Driving efficiency throughout the full loan origination and review cycle - from prefunding, to post funding to post closing and to servicing is what we aim to achieve for all of our clients."

Led by Ms. Reichhardt, the ARMCO professional services team comprises a staff of industry experts with over 100 years of industry experience and an average of over five years of specific experience with ACES. Several team members previously served as administrators of the ACES platform as employees at ARMCO clients.

About ARMCO:

ARMCO - ACES Risk Management delivers web-based enterprise transaction and loan risk mitigation software solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans. For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise transaction and loan risk mitigation software solutions, has announced that former director of client services Sharon Reichhardt has been promoted to vice president of client success.

Related link: http://www.armco.us/

ARMCO Hires Industry Veteran Nick Volpe as Chief Strategy Officer

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, has announced that it has hired Nick Volpe as chief strategy officer.

As chief strategy officer, Volpe is charged with expanding the adoption of ACES Audit Technology(TM) across financial enterprises and shepherding new solutions to market via ARMCO's consultative approach to customer challenges. In addition to the use of ACES as a quality control (QC) technology platform in the pre-funding, post-closing and servicing phases of the mortgage process, ACES can be used in virtually any other business operation that requires internal auditing and monitoring.

"We have numerous clients using ACES in various business operations across their enterprises," said Volpe. "As we move forward, we are taking proactive measures to demonstrate the true potential of this powerful technology. We want the industry to see ACES for its full capacity as an enterprise-wide audit solution, not just as the industry-leading QC software."

Volpe's expertise stems from over 23 years of mortgage operational and QC experience, including executive positions at Interthinx, First American Mortgage Solutions and Clayton Holdings. While at First American, Volpe led the loan review division and functioned as a subject matter expert. He was one of the first employees at Clayton when he joined the company in 2000.

"Nick has an incredible combination of subject matter expertise, ACES knowledge and mortgage operational experience. As someone who made extensive use of ACES in an executive capacity as a customer, Nick understands the value of the platform and the world class client-oriented experience provided by the ARMCO support team," said Avi Naider, ARMCO's chief executive officer. "Understanding our clients and their needs is the basis of our success at ARMCO. We're happy to have Nick's expertise to further elevate the experience and technology we deliver to the marketplace."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based enterprise financial risk mitigation software solutions, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers, investors and outsourcing professionals. A trusted partner devoted to client relationships, ARMCO offers best-in-class quality control and compliance software that provides U.S. banks, mortgage companies and service providers the technology and data needed to support loan integrity, meet regulatory requirements, reduce risk and drive positive business decisions.

ARMCO's flagship product, ACES Audit Technology(TM), is available at any point in the mortgage loan lifecycle, to any size lender, and is user-definable. ACES standardizes audit requirements, ties pre-funding reviews to post-closing quality control audits, enables seamless trend analysis, identifies credit, compliance and process deficiencies and helps create manageable action plans.

For more information, visit http://www.armco.us/ or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, has announced that it has hired Nick Volpe as chief strategy officer. Volpe's expertise stems from over 23 years of mortgage operational and QC experience.

Related link: http://www.armco.us/