Author Archives: ARMCO ACES Risk Management

ARMCO Enhances Automation and Analysis in ACES Audit Technology

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, has announced several product enhancements that improve the mortgage quality control (QC) process for lenders and servicers using its auditing platform ACES Audit Technology(TM).

The two principal enhancements of this upgrade include identification of exception root causes and expanded auto-response capabilities for ACES. These functions use automation to significantly reduce the number of skilled labor hours it takes to achieve quality goals and identify areas that would benefit from proactive corrective actions.

"Identifying root causes of defects is critical to an effective mortgage QC process because it enables lenders to move from reactive corrections to proactive policy creation," said Phil McCall, president of ARMCO. "By automatically identifying root causes, ACES saves lenders months of reactive risk management, as well as the hours and hours of manual analysis it would normally take to identify the root cause."

ACES' enhanced auto-response capabilities automatically generate answers to questions and scenarios that trigger loan defects. Utilizing the multitude of data points within the ACES platform, ACES automatically conducts field-to-field comparisons of relevant loan data and can perform complex math equations, as is needed in cases involving loan eligibility and regulatory compliance. The ACES technology systematically determines the proper answer to the scenarios in question. This not only saves time, but also increases accuracy and consistency in the loan review process.

Among the numerous additional improvements are expanded ability to change exceptions settings in bulk, automated loan selection for internal audits, and expanded business day calculation features.

"Automation and analytics will play increasingly greater roles in the mortgage QC process, and as with this upgrade, ARMCO will be leading the way in bringing these advances to the mortgage industry," said Phil McCall, president of ARMCO. "Our clients rely on us to assure the highest quality through the greatest process efficiency. Our regular enhancements reinforce our dedication to reducing risk in the mortgage process by leveraging technology."

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 several product enhancements that improve the mortgage quality control (QC) process for lenders and servicers using its auditing platform ACES Audit Technology(TM).

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

ARMCO Integrates with BankVOD, Enabling Seamless Transfer of Bank Data

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, announced an integration with BankVOD, the company that pioneered the electronic risk interface for asset verifications. This integration, which provides a direct, seamless connection between ARMCO's ACES Audit Technology(TM) and BankVOD's Verification Hub(TM), enables ARMCO clients the ability to order Asset Verifications, 4506-T, Employment and Occupancy and Liens & Judgments on a batch or flow basis, and receive the data via a secure electronic transfer directly into their ACES instance.

BankVOD is the exclusive provider of bank statement verifications for 18 of the country's top 50 banks. Prior to this integration, organizations were required to leave their QC software system, then order and receive IRS tax transcripts and bank verifications from BankVOD's secure web-based portal. In addition, they were not able to order IRS transcripts or verifications on a bulk basis.

"This integration doesn't merely make the verification process faster, it also makes it more consistent and secure, which are two big factors in achieving quality," said Phil McCall, president of ARMCO. "At ARMCO, we feel lenders should never have to choose between quality and time or resources. That's why we are constantly pursuing ways, like this integration, to make quality faster, easier and more accessible to achieve for lenders of all sizes."

"Industry leading companies like ARMCO always appreciate our unflinching commitment to providing the most secure way that files are exchanged and data is handled," said Tim Portley, co-founder and managing partner of BankVOD. "We're pleased to partner with ARMCO to offer lenders an even faster and more efficient way to verify bank data, and we're elated to discover new ways to make the user experience the best it can possibly be."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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, announced an integration with BankVOD, the company that pioneered the electronic risk interface for asset verifications. This integration, which provides a direct, seamless connection between ARMCO's ACES Audit Technology and BankVOD's Verification Hub.

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

ARMCO’s Q3 2017 Trends Report: Critical Loan Defect Rate Drops for First Time in 2017

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of enterprise financial risk mitigation software solutions, announced the release of the ARMCO Mortgage QC Trends Report. The latest report is for the third quarter of 2017, which relays loan quality findings for mortgages reviewed by ACES Audit Technology(TM) between July 1, 2017 and September 30, 2017.

The report's noteworthy findings include:
* The Q3 2017 critical defect rate declined 6 percent from the previous quarter, revealing the first decrease in this rate for 2017
* The percentage of purchase transactions declined in Q3 2017
* Purchase transactions and FHA loans accounted for a disproportionately higher number of critical defects in Q3 2017.

"As the percentage of refis increased in the third quarter of 2017, we saw a drop in critical defect rates. That said, purchases still comprise the majority of mortgages originated, so critical defect activity still aligns with what you'd see in a purchase-driven market," said Phil McCall, president of ARMCO. "Lenders need to be mindful of the risks inherent with purchase transactions and take precautions, regardless of fluctuations in purchase/refi market share."

The ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from just under 100,000 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. The current and previous reports also contain an analysis of the top credit-related critical defects, which is now a regular feature of the report. ARMCO issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

To obtain a copy of the report, please visit https://www.armco.us/knowledge/mortgage-qc-industry-report-2017-q3

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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, announced the release of the ARMCO Mortgage QC Trends Report. The latest report is for the third quarter of 2017, which relays loan quality findings for mortgages reviewed by ACES Audit Technology between July 1, 2017 and September 30, 2017.

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

ARMCO Wins HousingWire’s HW Tech100 Award for Fourth 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 fifth annual HW Tech100(TM) award, which recognizes the 100 most innovative technology companies in the U.S. housing economy. This is the fourth consecutive year that ARMCO has won the prestigious award.

ARMCO was selected for this award based on several factors, such as the company's proven ability to increase productivity and expedite processes while imparting greater accuracy, reliability, consistency and security in the QC process.

"Winning the Tech100 award reflects the concrete actions ARMCO takes each year to assure our customers receive the absolute highest standard of reliability, efficiency, service and innovation in quality control," said ARMCO's president, Phil McCall. "We are honored to be recognized again this yearand remain committed to elevating quality for the mortgage industry in the coming year."

In the 12-month period preceding the award submission period, ARMCO introduced several technologies, including ACESXPRESS, a streamlined version of its ACES Audit Technology(TM), the mortgage industry's leading web-based quality control (QC) technology, and ACES Automated Document Manager (ADM), a technology that automates the QC process of identifying, inspecting, bookmarking and organizing loan documents. One of the most noteworthy accomplishments was adding criteria-based multi-answer question sets to its ACES Intelligent Questionnaires, reducing process time by as much as 50 percent.

ARMCO continues to provide the ARMCO Mortgage QC Industry Trends Report, a free quarterly quality control analysis of loans across the U.S., based on findings derived by ACES Analytics benchmarking software. ARMCO also added numerous product enhancements that assure alignment with initiatives like Fannie Mae's Day 1 Certainty program and the HMDA changes scheduled for 2018.

"The number of fintech companies serving the mortgage industry has exploded over the last several years - making the choice of just 100 companies this year very difficult," said HousingWire Magazine Editor Sarah Wheeler. "Companies in the 2018 Tech100 represent the leading edge of solutions and services that will propel mortgage companies toward success."

ACES is recognized by many as the mortgage industry's foremost QC technology for its ability to increase accuracy, consistency, security and efficiency in the prefunding QC process. Users extol its sophisticated benchmarking and analytics, robust reporting capabilities, seamless integration with loan origination systems, intricate automation in document management, easy two-way access to system data, and more.

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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 financial risk mitigation and compliance solutions, announced that it has won HousingWire's fifth annual HW Tech100 award, which recognizes the 100 most innovative technology companies in the U.S. housing economy. This is the fourth consecutive year that ARMCO has won the prestigious award.

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

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

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced that was named among National Mortgage Professional (NMP) magazine's annual Top 100 Mortgage Employers list for 2018. This is the second consecutive year the company has been recognized with this distinction.

"ARMCO's strives for top quality, in both our technology and service. This is all based on our dedicated and highly skilled staff," said Phil McCall, President of ARMCO. "We are serious about maintaining a culture that attracts the best people, and it's very rewarding to be named a top mortgage employer for the second consecutive year by National Mortgage Professional."

The annual award rankings are based on the magazine's proprietary Mortgage Company Employer Score (MECS). The MECS weighs and scores various areas in a company to arrive at the list each year. A polling of NMP subscribers is used with the following criteria: corporate culture; compensation; day-to-day management; internal communications; marketing; training; resources; long-term strategy; ingenuity; speed; technology; and industry participation.

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:

ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software ACES Audit Technology, announced that was named among National Mortgage Professional (NMP) magazine's annual Top 100 Mortgage Employers list for 2018. This is the second consecutive year the company has been recognized with this distinction.

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

Critical Loan Defect Rates Increase for Third Consecutive Quarter

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the second quarter of 2017.

The ARMCO Mortgage QC Trends Report for second quarter 2017 relays loan quality findings for mortgages reviewed by ACES Audit Technology between April 1, 2017 and June 30, 2017.

Noteworthy findings include:

* The critical defect rate increased for the third consecutive quarter, reaching 1.76 percent in Q2 2017, an increase of 9 percent over the Q1 2017 critical defect rate of 1.61 percent.
* The top critical defect category for Q2 2017 was Borrower and Mortgage Eligibility.
* Purchase loans account for a disproportionately high number of critical defects.

"We're seeing a continuation of critical defect activity that aligns with what we'd expect in a purchase-driven market," said Phil McCall, president of ARMCO. "If they haven't already done so, lenders should consider how they'll address these specific loan quality issues if purchases continue to dominate the market."

The ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 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.

"Investors are tracking these trends as well, and could make adjustments to protect themselves from what they see as potentially damaging market trends-lenders need to be aware of that," said McCall. "Adjusting QC efforts in the short term can help lenders react to guideline changes with ease and fluidity. We provide the ARMCO QC Trends Report free of charge so all lenders have the chance to adapt and elevate loan quality, and ultimately elevate overall loan quality for the entire industry."

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. The current and previous reports also contain an analysis of the top credit-related critical defects, which is now a regular feature of the report. ARMCO issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

To obtain a copy of the report, please visit https://www.armco.us/knowledge/mortgage-qc-industry-report-2017-q2

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the second quarter of 2017. The ARMCO Mortgage QC Industry Trends Report is based on nationwide post-closing quality control loan data from over 90,000 loans selected for random full-file reviews.

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

ARMCO Announces New Loan Data Validation Tools

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.

ARMCO's new data validation tool is available through the most recent ACES upgrade, which was released on December 9, 2017. This upgrade's principal enhancement is advanced process automation functionality that enables ACES to automatically identify missing data within the loan file. Data integrity issues are one of the top causes of critical defects, according to research released in the most recent ARMCO Mortgage QC Industry Trends Report. With the system's new advanced automation functionality, ACES now fulfills an essential function for avoiding data validation errors.

Introducing this upgraded level of process automation is part of ARMCO's strategy to continue exploiting and maximizing process automation to turn one of the most labor intensive and time-consuming tasks into an entirely automated process within the ACES platform, and impart the highest levels of thoroughness, reliability and efficiency in the QC process.

"We created this feature to help our clients relieve a critical pain point of validating system data. Data integrity issues compromise loan quality, create extra work, and most importantly, increase lenders' risk when they're not caught and corrected," said Phil McCall, president of ARMCO. "Manually searching for data related errors can be extremely difficult given the amount of data contained in a loan file. That's why automation stands to make a major difference in lenders' success in identifying and correcting one of the most frequent causes of critical defects."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software ACES Audit Technology(TM), has announced the release of a new technology for mortgage lenders and servicers that improves data validation in the QC process.

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

Guaranteed Rate Selects ARMCO’s ACES Audit Technology™

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, has announced that Guaranteed Rate, one of the largest retail mortgage lenders in the nation, has selected the company's award-winning quality control and compliance software, ACES Audit Technology, for its quality control processes.

Headquartered in Chicago, Guaranteed Rate has approximately 200 offices across the U.S. and Washington, D.C., and is licensed in all 50 states. Since its founding in 2000, Guaranteed Rate has helped hundreds of thousands of homeowners with home purchase loans and refinances and funded nearly $23 billion in loans in 2016 alone. The company has become the Home Purchase Experts(R) by introducing the world's first Digital Mortgage technology and offering low rate, low fee mortgages through an easy-to-understand process and unparalleled customer service. Guaranteed Rate won an American Business Award for its Digital Mortgage technology in 2016, ranked No. 1 in Scotsman Guide's Top Mortgage Lenders 2016, was chosen Top Lender 2016 and 2017 by Chicago Agent magazine and made the Chicago Tribune's Top Workplaces list six of the past seven years.

Nikolaos Athanasiou, Guaranteed Rate's Chief Operating Officer stated, "We are continually looking for cutting-edge technology platforms that further enhance the company's operations. ACES is a state-of-the-art solution and we are happy to have the ARMCO platform up and running with our risk prevention teams."

"Innovative companies like Guaranteed Rate know that a strong QC platform is a key component to growth and longevity," said Phil McCall, president of ARMCO. "They know that QC isn't limited to a reactive approach and they can proactively use QC data -- like data that's easily available in ACES -- to protect their profits and elevate their businesses. We're looking forward to supporting Guaranteed Rate as they continue to expand their reach and grow their market share."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software, has announced that Guaranteed Rate, one of the largest retail mortgage lenders in the nation, has selected the company's award-winning quality control and compliance software, ACES Audit Technology, for its quality control processes.

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

ARMCO Launches ACES Automated Document Manager, which Uses Robotic Process Automation to Help Lenders Lower Gross Defects

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, has announced that it has launched ACES Automated Document Manager (ADM), a new technology that uses robotic process automation to automate the core activities lenders undertake to reduce gross loan defects. ARMCO will be demonstrating ADM, which is available through ARMCO's ACES Audit Technology(TM) and as a stand-alone product, by appointment at MBA's Annual Convention and Expo 2017 in Denver, Colorado.

ADM uses robust OCR (optical character recognition) technology to automatically identify, bookmark and organize loan documents, as well as to alert users of any missing documents associated with loan files. These are lenders' core activities associated with identifying and reducing gross defects. Users simply place the loan document files into a secure folder and ADM automatically parses, sorts and labels the documents-completing in moments what traditionally takes upwards of one hour per file with manual processes.

ADM can parse hundreds of PDF files in minutes using advanced robotic process automation, an emerging form of process automation technology based on the notion of software robots or artificial intelligence (AI) workers.

"Loan files can contain 500 or more PDFs or imaged documents that must be sorted and accounted for if lenders want to reduce gross defects. That's a time consuming, error-prone process when done by hand," said Phil McCall, president of ARMCO. "At ARMCO, our focus is helping lenders to not only elevate loan quality, but also cut costs, reduce turn times and gain efficiency. Automated Document Manager reduces defects while saving time. That's especially valuable for large volume lenders and outsourced QC providers."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software, has announced that it has launched ACES Automated Document Manager (ADM), a new technology that uses robotic process automation to automate the core activities lenders undertake to reduce gross loan defects. ARMCO will be demonstrating ADM, which is available through ARMCO's ACES Audit Technology(TM) and as a stand-alone product, by appointment at MBA's Annual Convention and Expo 2017 in Denver, Colorado.

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

Critical Defect Rates Continue Upward Trend – ARMCO Releases Q1 2017 Trends Report

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the first quarter of 2017.

Some of the report's noteworthy findings include:
* The critical defect rate continued its upward trend, reaching 1.61 percent, a 7 percent increase from the previous quarter
* The top defect category for Q1 2017 was Borrower and Mortgage Eligibility
* FHA loans accounted for a disproportionately high number of critical defects

"The increase in the critical defect rate is the result of the purchase-dominated market we saw in the first quarter of this year," said Phil McCall, president of ARMCO. "Purchase transactions bring a lot more moving parts, and a lot more opportunity for errors and misrepresentations. Whether that rate continues to rise will depend in large part on the ratio of purchases to refinances as we move forward."

Each quarter, ARMCO releases the ARMCO Mortgage QC Industry Trends Report, which is based on post-closing quality control loan data captured by the company's ACES Analytics benchmarking software. The ACES Analytics benchmarking dataset includes post-closing quality control data from over 65 lenders, comprising more than 75,000 unique loans selected for random full-file reviews. Defects are categorized using the Fannie Mae loan defect taxonomy. The company issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

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. The current and previous reports also contain an analysis of the top credit-related critical defects, which is now a regular feature of the report.

"The more lenders know about when and where defects arise, the easier it is to avoid them," said McCall. "We provide the ARMCO QC Trends Report free of charge as part of our commitment to elevating quality for all lenders."

To obtain a copy of the report, please visit http://www.armco.us/knowledge/mortgage-qc-industry-report-2017-q1

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software ACES Audit Technology(TM), announced the release of the ARMCO Mortgage QC Trends Report for the first quarter of 2017.

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

ARMCO Releases ACES Automated Document Manager

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, today announced the release of ACES Automated Document Manager(TM) (ADM).

Available through ARMCO's ACES Audit Technology(TM) and as a stand-alone product, ADM uses robust OCR (optical character recognition) technology to not only automatically identify, bookmark and organize loan documents, but also alert users of any missing documents associated with loan files-core activities for decreasing the risk of gross defects.

ADM can parse hundreds of PDF files, identify each document in the file, and categorize them by document type or name. Users simply place the loan document files into a secure folder and ADM automatically organizes, names, and identifies the documents. ADM does in moments what can take upwards of an hour per loan file with manual processes.

"Typical loan files can contain 500+ PDFs or imaged document pages-sorting through those can be time consuming and error-prone," said Phil McCall, president of ARMCO. "At ARMCO, we're not just focused on elevating loan quality. We want to give the industry's businesses the tools to cut costs, reduce turn times and gain efficiency. ARMCO's new Automated Document Manager will be a huge time saver, especially for large volume lenders and outsourced QC providers."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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 www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, today announced the release of ACES Automated Document Manager. ADM can parse hundreds of PDF files, identify each document in the file, and categorize them by document type or name.

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

ARMCO’s Sharon Reichhardt Wins HousingWire’s 2017 Insiders Award

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced that Sharon Reichhardt, the company's director of client services, has been awarded placement on HousingWire Insiders list for 2017.

The Insiders award recognizes companies' "go-to" team members-the professionals that their companies turn to with their most important or challenging projects, because their contributions and hard work lead to superior results.

Reichhardt is responsible for training and onboarding new ARMCO customers using the company's ACES Audit Technology. In the past nine months, the clients she has onboarded and trained have used ACES to review thousands of loans to identify loan defects in an effort to help manage risk within their organization. Sharon received the 2017 HW Insiders award for demonstrating consistent dedication to creating the highest possible customer experience throughout client training and onboarding, and ensuring a smooth, stress-free process.

"John Wooden once said, it's not what you do, but how you do it. That not only epitomizes Sharon, but also sums up why she won the HW Insider award, and why she's so valuable to ARMCO," said Phil McCall, president of ARMCO. "ARMCO's dedication to client care is one of the main reasons we have such loyalty among our customer base. Sharon embodies ARMCO's commitment to our clients' success."

"I am so fortunate to do the work that I do and to work for a company like ARMCO," said Reichhardt. "Every day is a reward because I get to make a positive difference in someone's life, every single day. I commend HousingWire for recognizing the professionals who work behind the scenes and I commend ARMCO for empowering and valuing its employees. I am so proud and honored to have been chosen for the HW Insiders award."

The HW Insiders award is in its second year. This year 33 winners were selected, representing various sectors of the housing industry, including residential mortgage lending, servicing, investing and real estate. HousingWire's editorial board selects winners based on their accomplishments over the last 12 months.

"The scale of our Insiders award this year is impressive with both its breadth and depth," said Jacob Gaffney, HousingWire Editor-In-Chief. "The talent on display here is unmistakable and the scope of the work our winners do day-in and day-out is a testament to their accomplishments. It's an honor for HousingWire to publish this award."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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 www.armco.us or call 1-800-858-1598.

ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced that Sharon Reichhardt, the company's director of client services, has been awarded placement on HousingWire Insiders list for 2017.

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

ARMCO Promotes COO Phil McCall to President

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software ACES Audit Technology(TM), announced that chief operating officer Phil McCall has been promoted to company president. In his new role, McCall will oversee all operations for the company, including the expansion of the company's award-winning ACES Audit Technology platform.

McCall, who has been with the company since 2014, is a respected subject matter expert in the field of mortgage quality control and championed the development and implementation of ARMCO's ACES Analytics, the industry's first loan quality control benchmarking software and the technology behind ARMCO's Mortgage QC Industry Trends Report.

"ACES Analytics and the Mortgage QC Industry Trends Report have made a big impact in our growth, visibility and standing in the industry over the past few years," said Avi Naider, ARMCO's CEO. "Phil's vision for technology and mortgage quality control is a key component of our growth over the next several years. We anticipate the company will continue to benefit from his vision in his role as president of ARMCO."

Phil McCall has been in the mortgage industry for more than 25 years and has held numerous executive positions with both mortgage lenders and mortgage technology providers. In the past year, he received two top industry awards: HousingWire magazine's HW Vanguard Award, which the magazine states "recognizes C-level and business unit executives who have become leaders in their respective fields within housing and mortgage finance - those whose leadership is moving markets forward," and the 2017 Tech All-Star Award by the Mortgage Bankers Association (MBA), which recognizes an individual who has made significant and outstanding contributions in mortgage technology. McCall is a key contributor to several mortgage quality and auditing technologies, is a member of MBA's Fraud Issues Committee and has been sought out as a mortgage fraud subject matter expert by multiple law enforcement agencies.

"I'm truly excited to be a part of an organization like ARMCO that shares my commitment to technology innovation and my passion for real change," said McCall. "It's especially important today, as the industry drives its focus even more toward loan quality and data integrity. I'm looking forward to the great things we will accomplish as we grow, and the positive changes we'll make for lenders and the industry as a whole."

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software ACES Audit Technology(TM), announced that chief operating officer Phil McCall has been promoted to company president. In his new role, McCall will oversee all operations for the company, including the expansion of the company's award-winning ACES Audit Technology platform.

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

ARMCO Updates ACES with Day 1 Certainty™ Functionality

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced today that it has updated its flagship ACES Audit Technology(TM) with new functionality that aligns with Fannie Mae's Day 1 Certainty(TM) (D1C) initiative. With this update, ACES now includes additional fields for assessing asset, income, employment and collateral data according to Fannie Mae's D1C initiative. The company also updated its rule-based technology to assist auditing these loans according to the D1C initiative.

ACES users continue to use ACES Intelligent Questionnaire technology to customize questions and scripts according to their own unique needs and objectives. ACES' direct import of D1C data enables users to preserve the integrity of their QC processes, while also aligning with D1C parameters.

"Lenders can gain added protection under Fannie Mae's Day 1 Certainty initiative, but they have to follow certain protocols," says Phil McCall, COO of ARMCO. "We updated ACES so our clients can automate their auditing process to account for the different checkpoints associated with D1C. Our clients know that ARMCO's mission is protecting their businesses. They know they can rely on us to stay on top of all guidelines, initiatives, regulations and trends, and they know we will continue providing the tools that help them grow and protect their businesses, not just for now, but also for the long haul."

The recent ACES software enhancement went into effect for all clients June 12, 2017. Clients and interested parties can get further information on this update via the proprietary ACES Knowledge Center, or by visiting the ARMCO website (www.armco.us) for a demonstration of the latest software.

ABOUT ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software, announced today that it has updated its flagship ACES Audit Technology(TM) with new functionality that aligns with Fannie Mae's Day 1 Certainty(TM) (D1C) initiative. With this update, ACES now includes additional fields for assessing asset, income, employment and collateral data according to Fannie Mae's D1C initiative.

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

TRID and Loan Package Documentation Defects Comprise Over 68 Percent of Reported Defects

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced it has released the ARMCO Mortgage QC Industry Trends Report for the fourth quarter of 2016 and calendar year 2016.

Some of the report's noteworthy findings include:
* Over 68 percent of defects reported in 2016 involved TRID-related and/or loan package documentation issues
* The benchmark Critical Defect Rate increased slightly, from 1.27 percent in Q3 2016 to 1.50 percent in Q4 2016
* In fourth quarter 2016, purchase transactions among the subject group comprised 51 percent of the benchmark data, up from 48 percent in the previous quarter

"The data suggests lenders are getting more adept at complying with critical TRID-related issues. However, new areas of concern are beginning to spring up and an early correlation can be linked to a more purchase-focused market," said Phil McCall, COO of ARMCO. "Lenders need to learn from their own defects if they want to protect themselves against compliance-related issues, but they also need to stay apprised of changing trends if they want to mitigate the increased risk of fraudulent activity that is inherent with a purchase-driven market."

Each quarter, ARMCO releases the ARMCO Mortgage QC Industry Trends Report, which is based on post-closing quality control loan data captured by the company's ACES Analytics benchmarking software. The ACES Analytics benchmarking dataset includes post-closing quality control data from over 65 lenders, comprising more than 75,000 unique loans selected for random full-file reviews. Defects are categorized using the Fannie Mae loan defect taxonomy. The company issues a one-year analysis for the calendar year with each fourth quarter Mortgage QC Industry Trends Report.

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. The current and previous reports also contain an analysis of the top credit-related critical defects, which is now a regular feature of the report.

To obtain a copy of the report, please visit http://www.armco.us/knowledge/mortgage-qc-industry-report-2016-q4.

About ARMCO:
ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software, announced it has released the ARMCO Mortgage QC Industry Trends Report for the fourth quarter of 2016 and calendar year 2016.

ARMCO’s Web-based ACES Audit Technology Brings New Efficiencies to The Barrent Group’s Mortgage Quality Assurance Offering

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that its ACES (Automated Compliance and Evaluation System) Audit Technology has streamlined quality control (QC) loan reviews for The Barrent Group, a rapidly growing provider of outsourced loan quality assurance reviews and services. ARMCO's solution significantly reduces The Barrent Group's auditing times, reduces risk, ensures compliance and streamlines its mortgage quality control process for clients.

ARMCO's ACES Audit Technology is a robust quality control (QC) audit technology that quickly and efficiently standardizes the various QC review steps throughout the entire process, with unparalleled consistency and accuracy, ensuring that loans are always of high quality and fully compliant. The 100 percent web-based solution establishes a flexible, secure and agile environment that puts clients like The Barrent Group in full control over their use of ACES, in order to increase QC productivity, allow for greater transparency, enhance client communications and provide detailed reporting.

"We are pleased that The Barrent Group is successfully leveraging ACES to provide QC technology that optimizes loan QC automation for each of their clients," said Avi Naider, CEO of ARMCO. "ACES essentially becomes an extension of The Barrent Groups' IT infrastructure, which empowers them to be fully self-sufficient and work with their clients to quickly identify and report on any loan defects. ACES' ease-of-use and configurability enables The Barrent Group to flex with their clients' changing needs, while operating more efficiently, cost effectively and with newfound agility."

The Barrent Group provides independent third-party reviews, analysis and recommendations, with a strong emphasis placed on the risk and quality levels of residential mortgage loans. ARMCO's ACES technology replaces The Barrent Group's previous financial quality control and compliance software. The highly flexible and configurable design of ACES strengthens The Barrent Group's value proposition of providing customized solutions and advisory services. Using ACES, The Barrent Group efficiently captures all pertinent details to expeditiously fulfill loan QC with laser-accuracy.

"ARMCO's ACES technology performs the heavy lifting for us, to increase our service levels, facilitate quicker reviews, be cost effective and operate very efficiently," said Richard Barrent, president and chief operating officer at The Barrent Group. "What's more, the system's ease of use and configurability empowers us to tailor QC solutions to our clients' specific requirements, get them up and running quickly, always maintain data integrity and deliver second-to-none service. Ultimately, it is our clients who benefit from our ability to leverage ACES to efficiently review loans using agency and CFPB (Consumer Financial Protection Bureau) audit guidelines, as well as design client-specific reporting."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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 www.armco.us or call 1-800-858-1598.

About The Barrent Group:

The Barrent Group was founded in September 2008 by Richard Barrent, a former executive with Wells Fargo Home Mortgage, and Richard Levitt, a retired Vice Chairman of Wells Fargo & Company. Mr. Levitt's family founded Dial Finance, the company that would eventually become Wells Fargo Financial. From the beginning, The Barrent Group set out to employ the best and most experienced mortgage and audit talent. Members of the team average over 10 years of mortgage underwriting and audit experience. In addition, the team has considerable experience in reviewing loans from all origination channels and platforms. Customer service, high integrity, razor-sharp focus - these are the qualities that permeate everything The Barrent Group does for its clients. It's an approach carefully crafted over the many years of experience among the leadership team. For more information, visit the company's website www.barrentgroup.com or call 1-866-318-4448 extension 250.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that its ACES (Automated Compliance and Evaluation System) Audit Technology has streamlined quality control (QC) loan reviews for The Barrent Group, a rapidly growing provider of outsourced loan quality assurance reviews and services. ARMCO's solution significantly reduces The Barrent Group's auditing times, reduces risk, ensures compliance and streamlines its mortgage quality control process for clients.

Phil McCall of ARMCO Wins Prestigious 2017 Tech All-Star Award from the Mortgage Banking Association

CHICAGO, Ill. /ScoopCloud/ -- National Technology Conference & Expo - ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that Chief Operating Officer Phil McCall has won the Mortgage Banking Association's (MBA) 2017 Tech All-Star Award.

The MBA started the award in 2002 to recognize executives who have made significant technology innovations and contributions to the mortgage industry. Each year the award is given to a select group of highly successful mortgage technology leaders who, over time, have made major strides with various types of technology automation. There are only a handful of winners that win the coveted award each year. Mr. McCall is one of only five technology executives selected for this prestigious award in 2017.

"Technology is critical to the growth of our industry and the success of our members' businesses," said MBA Chairman Rodrigo Lopez, CMB. "We have been fortunate to have a dedicated and diverse array of true innovators who continue to push the envelope and move our industry forward. MBA is honored to recognize the men and women making significant technological contributions to the real-estate finance industry."

Mr. McCall has more than 20 years of executive-level experience in the mortgage industry. He is a seasoned expert in quality control, loan origination and underwriting, forensic loan auditing, mortgage fraud, loss and litigation, and real estate-based transactions. Notably, Mr. McCall has experience working both as a mortgage banker and a mortgage technology leader. This unique blend has been instrumental in helping him fully understand, work hands-on with and develop technologies that benefit the mortgage industry as a whole.

"Phil is a highly respected subject matter expert on the topic of loan quality control and compliance. He is also a proven developer and implementer of enterprise-class technology solutions that enable lenders and servicers to meet their organizational, GSE, CFPB and investor audit requirements," stated Avi Naider, chairman and chief executive officer at ARMCO. "We are excited that the MBA designated Phil to its Tech All-Stars list comprising highly accomplished mortgage technology executives. Phil has given a great deal back to the mortgage industry to help move it forward; this award is well-deserved and we congratulate Phil on his ongoing success."

Mr. McCall was the primary designer of ARMCO's ACES Analytics(R), the first mortgage quality control benchmarking platform in the industry, which aggregates anonymized data from many companies to produce industry benchmarks. The ACES Analytics benchmarks are published in ARMCO's Mortgage QC Quarterly Industry Trends Report. This groundbreaking report breaks down loan defects identified during the post-closing quality control process by utilizing the Fannie Mae loan defect taxonomy along with trending, detailed analysis and key benchmarking data.

"To win the MBA's Tech All-Star Award is an enormous honor for me and I'm humbled and flattered," stated Phil McCall, COO of ARMCO. "I've been a technologist and business person my entire career helping to develop and evangelize high-impact software. I'm elated to join the ranks of other winners who have done positive things for the mortgage industry."

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

National Technology Conference & Expo -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that Chief Operating Officer Phil McCall has won the Mortgage Banking Association's (MBA) 2017 Tech All-Star Award.

HousingWire Honors ARMCO as a 2017 HW TECH100 Mortgage Technology Vendor for the Third Straight Year

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that HousingWire has again recognized ARMCO as a top 100 mortgage technology provider. The annual HW TECH100(TM) is designed to recognize the most innovative technology firms in the U.S. housing economy.

HousingWire states that the mortgage industry is leveraging technology like never before, streamlining processes across the spectrum of lending, servicing, investing and real estate. The combination of regulatory pressure and consumer expectations have set a high standard for efficiency and transparency, requiring a significant investment of time, money and talent to hit the right notes for both.

"The companies that make up the 2017 HW TECH100(TM) are the cream of the crop of the entire housing industry, from real estate to mortgage lending, servicing, and investment," said HousingWire Senior Financial Reporter Ben Lane. "These companies aren't just taking part in the housing industry's technological revolution; they're leading it."

ARMCO is well-known for its award-winning ACES Audit Technology(TM), which is the leading web-based quality control software solution for the mortgage industry. The company also recently started assembling and releasing its proprietary Mortgage QC Industry Trends Report on a quarterly basis. The report represents a detailed analysis on loan files and defects trending as well as valuable data that is captured in the ACES Analytics benchmarking system.

"We're very pleased to again be recognized by HousingWire as a technology leader in the mortgage industry," said Avi Naider, chairman and chief executive officer of ARMCO. "We're constantly innovating and enhancing our solution set to deliver the most value for our clients and this award reflects our ongoing efforts."

"The companies in the 2017 HW TECH100 cover the entire mortgage finance spectrum. There's hardly a corner of our industry that hasn't been transformed in some way, either by fintech startups focusing on a specific software need or legacy companies evolving to compete in the new environment," said HousingWire Magazine Editor Sarah Wheeler. "Now more than ever, these companies are delivering the innovation this industry needs to do its most important job: supporting the American Dream."

ARMCO serves multiple markets in the mortgage space that include origination, servicing, capital markets and outsourcers.

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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.

About HousingWire:

HousingWire is the nation's most influential industry news source covering the U.S. housing economy, spanning residential mortgage lending, servicing, investments, and real estate operations. The company's news, commentary, magazine content, industry directories, and events give more than one million industry professionals each year the insight they need to make better, more informed business decisions. Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B2B Banking/Business/Finance category, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors, and Trade Association Business Publications International. Learn more at http://www.housingwire.com/.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that HousingWire has again recognized ARMCO as a top 100 mortgage technology provider. The annual HW TECH100(TM) is designed to recognize the most innovative technology firms in the U.S. housing economy.

ARMCO’s Mortgage QC Industry Trends Report Reveals Both Increases and Decreases in Key Areas of Loan Defects

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that it has released its ARMCO Mortgage QC Industry Trends report for the third quarter of 2016. Using the Fannie Mae loan defect taxonomy, the report analyzes post-closing quality control data from loan files and findings captured by the ACES Analytics benchmarking system. Meaningful information contained in the report provides the industry with insight into the current state of loan quality nationwide.

The report notes a continuing downward trend in the critical defect rate, which dropped to 1.27 percent after reaching a high of 1.92 percent in Q1 of 2016. This reflects a 28.3 percent drop in Q3 of 2016, following a 17.8 percent drop in Q2 of 2016, providing an overall drop of just over 46 percent from the high of 1.92 percent from Q2 of 2016.

"During the past nine months, investors and lenders have been able to clarify the impact of TRID-related errors on their operations and fine-tune the associated risks - both short and long term," says Phil McCall, COO of ARMCO.

An analysis of top-ranking defect categories for 2016 highlights Legal/Regulatory/Compliance as an ongoing leading problem area. In fact, the number of total defects associated with the Legal/Regulatory/Compliance category spiked by more than 14 percent in the quarter covered by the report. However, the critical defects within that same category dropped to a 12-month low, comprising 22.69 percent of all critical defects. Changes in lender severity ratings related to TRID are the cause of this decrease, as explained in detail in the report.

Comprising 32.5 percent of all reported defects, Loan Package Documentation comes in as the second highest defect category and is still an ongoing issue within the entire lending process. While this category is known to be problematic across the industry, these defects are generally curable and rarely affect loan salability.

Notably, critical defects associated with Income/Employment led all categories for "Credit Related Defects." The miscalculation of income was the primary reason reported with critical defects in this category.

"The findings in the Q3 Mortgage QC Industry Trends report demonstrate that while the industry as a whole is making progress in mitigating loan defects, there are still recurring trouble areas that must be addressed," said Avi Naider, CEO of ARMCO. "At the same time, as we passed the one year anniversary of the implementation date for TRID, it's fascinating to see a complex picture emerging among our lender base: Essentially, TRID defects still represent a large percentage of overall defects. Yet, lenders are concluding that minor TRID defects do not impact the saleability of their loans based on their experience in the marketplace."

The report also notes that Fannie Mae has provided considerable guidance to lenders as to how defects are reported for "Credit Related Defects" and what causes a defect, the risk associated with a defect, and how to report these defects under a standardized platform. To date, no similar guidance has been provided by the Consumer Financial Protection Bureau (CFPB) regarding TRID. Ultimately, the report concludes, the CFPB should consider offering guidance and establishing standards pertaining to TRID defects, to avoid deviations in reporting of similar defects across industry lenders.

Click here to review the full report: http://www2.armco.us/mortgage-qc-industry-report-2016-q3.

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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.

About the ARMCO Mortgage QC Industry Trends Report:

The ARMCO Mortgage QC Industry Trends Report represents post-closing quality control analysis throughout the United States using data and findings derived from mortgage lenders utilizing the ACES Analytics benchmarking software. This report provides an in-depth analysis of residential mortgage defects as reported during post- closing quality control audits. Data presented comprises net defects and is categorized in accordance with the Fannie Mae loan defect taxonomy. View the report here - http://www2.armco.us/mortgage-qc-industry-report-2016-q3.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

*LOGO: Send2Press.com/mediaboom/17-0301s2p-ARMCO-300dpi.jpg

ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that it has released its ARMCO Mortgage QC Industry Trends report for the third quarter of 2016. Using the Fannie Mae loan defect taxonomy, the report analyzes post-closing quality control data from loan files and findings captured by the ACES Analytics benchmarking system.

ARMCO Named One of American’s Top Mortgage Companies to Work for by National Mortgage Professional Magazine

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that it earned a spot on National Mortgage Professional magazine's (NMP) annual Top 100 Mortgage Employers list for 2017.

"We are elated to be named to NMP's annual America's Top Mortgage Employers list this year," said Avi Naider, chairman and chief executive officer of ARMCO. "As we continue to innovate and grow, it is the dedication, employee collaboration, and attention to our clients that is a major contributing factor to ARMCO's success. Being named to NMP's list speaks volumes about our extremely devoted staff and team culture."

The annual award rankings are based on the magazine's proprietary Mortgage Company Employer Score (MECS). The MECS weighs and scores various areas in a company to arrive at the list each year. A polling of NMP subscribers is used with the following criteria: corporate culture; compensation; day-to-day management; internal communications; marketing; training; resources; long-term strategy; ingenuity; speed; technology; and industry participation.

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:

ARMCO - ACES Risk Management delivers web-based audit technology 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.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced that it earned a spot on National Mortgage Professional magazine's (NMP) annual Top 100 Mortgage Employers list for 2017.

ARMCO Adds New Capabilities to its ACES Audit Technology, Empowering Organizations to Swiftly Adhere to Changing Servicing Compliance Rules

GRAPEVINE, Texas /ScoopCloud/ -- MBA National Mortgage Servicing Conference & Exposition - ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced at the MBA's annual servicing conference being held at the Gaylord Texan Hotel, that it has added to and enhanced business user-friendly configuration functionality to its award-winning ACES Audit Technology(TM) solution.

The additions enable servicers to standardize and easily modify compliance-critical questionnaires to follow when interfacing with borrowers amid the introduction of changing rules that are specific to servicing entities.

When interacting with borrowers, there are a myriad of rules that servicers must follow on both state and federal levels throughout the lifecycle of the servicing process. The new additions made to ARMCO's ACES Audit Technology puts the ability to create and make changes to compliance questionnaires directly in the hands of business people. Updated questionnaires can quickly be incorporated into the servicer's internal policies and procedures that guide staff with how and when to communicate with borrowers and proceed accordingly.

"Now more than ever, servicers face an influx of new compliance rules and regulations from federal, state and GSE requirements that they must adhere to," said Phil McCall, COO of ARMCO. "Due to an increasing spotlight placed on servicers, we enhanced the ease of configuration and self-sufficient change management capability to our platform, which now provides servicers with complete control to make changes in real-time to comply with the complexity of new rules."

Some examples that ACES Audit Technology helps with include general servicing functions (correspondence/complaints, credit reporting, fees, etc.); specialty servicing functions (adjustable rate mortgages, assumptions, bankruptcy, specialty HUD products, etc.); and default servicing functions (collections, loss mitigation, foreclosures, claims, etc.).

ARMCO's ACES questionnaires are completely customizable and can leverage and modify existing template questionnaires that ARMCO has in its library of forms for servicers. ARMCO maintains all relevant state and Federal compliance rules for clients, and then empowers them with the interface to makes changes to their own rules and policies.

A comprehensive suite of new USDA program specific questions were also added to the servicing questionnaires. There is a wide array of requirements covered; including, but not limited to escrow administration of the annual fee, construction processing/repair escrows, and default processing. Clients can easily review and analyze question content additions and/or changes, discuss implementation needs with QC and business staff, and maintain questionnaire versioning records that can be provided on demand in the event of an external regulatory audit.

ARMCO will be unveiling the added functionality to its ACES Audit Technology at the MBA Servicing Conference from Feb. 14 - 17, 2017 in Grapeview, Texas at the Gaylord Texan Hotel in booth number 1010. The company can be contacted at sales@armco.us for a demo.

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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.

MEDIA CONTACT:
Joe Bowerbank
Profundity Communications, Inc.
949-378-9685
jbowerbank@profunditymarketing.com

MBA National Mortgage Servicing Conference & Exposition - ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced at the MBA's annual servicing conference being held at the Gaylord Texan Hotel, that it has added to and enhanced business user-friendly configuration functionality to its award-winning ACES Audit Technology(TM) solution.

ARMCO COO Phil McCall Recognized as Mortgage Industry ‘Vanguard’ by HousingWire Magazine

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced today that COO Phil McCall has been honored as part of HousingWire magazine's second annual HW Vanguard Awards(TM).

According to HousingWire, "This award recognizes C-level and business unit executives who have become leaders in their respective fields within housing and mortgage finance - those whose leadership is moving markets forward, each and every day."

"The HW Vanguards continued to impress going into its second year; the winners are second-to-none, and this list represents the finest cross section of mortgage talent available," said Jacob Gaffney, HousingWire editor-in-chief.

Winners were chosen by the HousingWire editorial board based on tangible leadership within their companies and the industry at large. In total, 40 executives were recognized, and McCall was one of four COOs included on this year's list.

"To be recognized amongst my peers as an industry leader is truly an honor," McCall said. "My leadership style is a direct reflection of the lessons passed on by a few very passionate business leaders whom I was fortunate to work under, a couple of great business partners and, most importantly, my father who instilled upon me the importance of a strong work ethic and regularly reminded me that you never get a second chance to make a first impression. This award is just as much of an endorsement of their leadership as my own."

About HousingWire

HousingWire is by far the nation's most influential source of news and information for U.S. mortgage markets, boasting a readership that spans lending, servicing, investments and real estate market participants as well as financial market professionals.

Winner of numerous awards, including a 2012 Eddie Award for national editorial excellence in the B-to-B Banking/Business/Finance, HousingWire has been recognized for excellence in journalism by the Society of Business Editors and Writers, the American Society of Business Press Editors, the National Association of Real Estate Editors and Trade Association Business Publications International.

About ARMCO

ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software, announced today that COO Phil McCall has been honored as part of HousingWire magazine's second annual HW Vanguard Awards(TM).

TRID Defects Down Slightly in Q2 2016 ARMCO Mortgage QC Industry Trends Report

POMPANO BEACH, Fla. /ScoopCloud/ -- ACES Risk Management (ARMCO), the leading provider of financial quality control and compliance software, announced it has released its ARMCO Mortgage QC Industry Trends report, covering the second quarter of 2016. Using the Fannie Mae loan defect taxonomy, the report details the analysis of post-closing quality control data from loan files and findings captured by the ACES Analytics benchmarking system.

After peaking in Q1 2016, the overall industry critical defect rate dropped to 1.63 percent in Q2, ending an upward trend spanning the previous three quarters. Defects in the Legal/Regulatory/Compliance category also waned in Q2, comprising 34 percent of all defects reported and marking the first decline in nine months. However, this category still represents the largest reported defect category.

"While TRID-related defects are still driving the majority of Legal/Regulatory/Compliance defects, we're seeing a decline in defects in this category as a result of corrective action planning lenders undertook through the first six months of 2016," said Phil McCall, COO for ARMCO. "As lenders determine the most effective strategies for addressing TRID-related defects, we expect to see this category decline further."

Loan Package Documentation defects increased slightly in Q2, accounting for 26.7 percent of reported defects in Q2 versus 26.4 percent in Q1. Also of note is the increase in defects reported in credit-driven categories in Q2. Income/Employment leads this group as the third most frequently reported defect category in Q2 at 9.8 percent, followed by Borrower and Mortgage Eligibility at 8.9 percent and Assets at 6.8 percent.

"Given the magnitude of compliance-related defects lenders were facing in Q1, it's not surprising to see upticks in other areas," said Avi Naider, CEO for ARMCO. "Now that lenders have begun to get a handle on their TRID-related defects, they should have more capacity to address those credit-related defects. Thus, we should see those categories normalize in Q3."

To view the full report, visit http://www.armco.us/knowledge/mortgage-qc-industry-report-2016-q2.

About ARMCO:

ARMCO - ACES Risk Management delivers web-based audit technology 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 financial quality control and compliance software, announced it has released its ARMCO Mortgage QC Industry Trends report, covering the second quarter of 2016. Using the Fannie Mae loan defect taxonomy, the report details the analysis of post-closing quality control data from loan files and findings captured by the ACES Analytics benchmarking system.