POMPANO BEACH, Fla., Sept. 11, 2019 (SEND2PRESS NEWSWIRE) — 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™ 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.”
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.
News Source: ACES Quality Management